Broad Market Rally on Tuesday, BA Bounces and FB Up in After Hours...

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Earnings season continued on Tuesday. Positive reactions included UAA, VMC, AKAM, ST, CACC, KLAC and BKI.  Negative reactions: FLIR, GE, AGN,

The DJIA, closed up 431 points at 24,874, led by strength in BA, MCD, GS, MMM and TRV.  This is the fifrth close below 25,000 since July 12.

The SPY bounced and formed a piercing line candle.  SPY, DIA and QQQ remains in a MACD bullish divergence setup with a bullish candle.

All eleven sectors were higher on Tuesday, led by communications XLC +2.73% and energy XLE +2.31%.

SPY up 3.91 at 267.77, on 160.7 million shares, 36% above average volume. Up on lower volume.

VIX down 1.35 at 23.35 

Oil down .34 at 66.35

TLT down .57 at 114.16 on 9.9 million shares. 

INTC +5.20%, BA +4.27%, led the DJIA, 26 advancers, +11.

UAA +27.71%, VMC +17.49% and AKAM +16.92%, led the SPX.

TTWO +11.00%, NVDA +9.36%, MELI +8.03%, and KLAC +7.60% led the NDX.

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

Up: IWM, DIA, QQQ, SPY,

Down:

Breadth strengthened on Tuesday, as advancers led 2,061 to 885 on the NYSE and led 2,028 to 996 on the NASDAQ

The SPY MFC green line turned up at 13 and is short-term bullish.

Uptrend sectors:   XLU, XLP,

Neutral sectors:  XLV, XLRE,

Down trend sectors: XLK, XLY, XLI, XLF, XLE, XLC, XLB,

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

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Down

85 of 100 NDX stocks closed higher on Tuesday.

18 NDX stocks are above their 30 DMA.  SBUX, WBA, CDNS, TSLA, PEP, XLNX, CA, ROST, CMCSA, DLTR, ESRX, EXPE, FOXA, INTC, KHC, MDLZ, QRTEA, SHPG,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 8

ESRX, EXPE, FOXA, INTC, KHC, MDLZ, QRTEA, SHPG,

Moving Below 30 DMA = 1

ULTA,

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