IWM, QQQ Another All-time Closing High...XLY Leads Sectors...

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AAPL, AMZN, FB, MSFT, NFLX, NVDA, ADI, ADP, ALGN, CTAS, FISV, IDXX, INTU, ISRG, MCHP, and VRSK made new highs. 

IWM and QQQ made new all-time closing highs.

The DJIA, closed down 13 points at 24,813, led by weakness in GS and WMT.

Four sectors were higher on Tuesday, led by materials XLB +0.76% and discretionary XLY +0.58%.

SPY up .20 at 275.10 on 51.1 million shares, 30% below average volume. Up on higher volume.

VIX down .34 at 12.40

Oil up .65 to 65.53

TLT up .28 at 119.71 on 5.6 million shares.

DWDP +1.13%, AAPL +0.77%, led the DJIA, 13 advancers.

M +7.95%, GPS +6.82% and NKTR +6.45%, led the SPX.

MYL +3.84%, ISRG +3.02%, STX +2.98%, and ASML +2.65%, led the NDX.

Intermediate and long term up trend intact.  3-day short term trend is up.

Up: IWM, QQQ, SPY,

Down: DIA,

Breadth was mixed on Tuesday, as advancers led 1,738 to 1,179 on the NYSE and led 1,868 to 1,021 on the NASDAQ.

The SPY MFC green line is in the upper zone and is at 91, bullish. 

Uptrend sectors:  XLK, XLRE, XLE, XLY,

Neutral sectors: XLF, XLV, XLI, XLB, XLU

Down trend sectors: XLP

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 entry… RACE, ADBE, IBKR, ETFC, MA, V, ISRG, WIX, NDAQ, WYNN, VRSN, TAL, COP, CRM, NTAP, RNG, AA, WUBA, FCAU, NVDA, SQ, ALGN, AKAM, SHOP,

BA, MU, MAR, CMA, CME, ANET, HRS, KORS,

DLTR, WB, EL, TPR,

74 of 100 NDX stocks closed higher on Tuesday.

74 NDX stocks are above their 30 DMA.  

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 2

MYL, PCAR,  

Moving Below 30 DMA = 3

HAS, MDLZ, MNST,

The 6-month intermediate and long-term trends are still up.  The three-month trend is sideways.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Up

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