SPX Up on Strong Breadth for Second Straight Day...

Breadth strengthened on Tuesday, as advancers led 2,131 to 766 on the NYSE and led 1,982 to 920 on the NASDAQ.

The SPY MFC green line is pointed up and is at 47, bullish. 

Uptrend sectors:  XLRE, XLU, XLE,

Neutral sectors: XLY, XLF, XLV, XLI, XLB, XLK, XLP

Down trend sectors:

Intermediate-term trending stocks:  Many of these stocks have had significant pull backs over the past two months and it is appropriate to wait for the uptrend to resume before considering entry… ADBE, IBKR, ETFC, EL, TPR, WIX, NDAQ, WYNN, MU, VRSN, ANET, AKAM, COP, CRM, HRS, KORS, NTAP,

SQ, CMA, CME, RNG, AA, WUBA, FCAU, MA, V, ALGN, TAL,

BA, DLTR, NVDA, MAR, ISRG, WB, RACE, SHOP,

87 of 100 NDX stocks closed higher on Tuesday.

59 NDX stocks are above their 30 DMA.  WYNN, SHPG, ADBE, HSIC, SBUX, VRSK, DLTR, ULTA, VOD, ADP, ASML, CTXS, INTC, PCAR, STX, SYMC, AAPL, ADI, ALGN, BMRN, CELG, CHKP, COST, ILMN, MSFT, NFLX, AVGO, FOXA, CA, CSCO, CSX, CTAS, EXPE, IDXX, INTU, JBHT, MNST, ROST, TMUS, ADSK, AMZN, AMAT, BKNG, CDNS, CTSH, EA, ESRX, FB, FISV, GOOGL, HOLX, ISRG, LRCX, MAR, MYL, NVDA, PYPL, SNPS, WDAY

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 20

ADSK, AMZN, AMAT, BKNG, CDNS, CTSH, EA, ESRX, FB, FISV, GOOGL, HOLX, ISRG, LRCX, MAR, MYL, NVDA, PYPL, SNPS, WDAY

Moving Below 30 DMA = 1

HAS

The intermediate and long-term trends are still up.  The three-month trend is sideways.  The ten-day trend is up.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

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