AAPL, AMD Gain in After-hours on EPS Reactions...

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SPY, DIA, QQQ and IWM pulled back in their bull flag price pattern for a second day on Tuesday continuing a second chance bounce setup:

• MMM, PFE and PCAR had positive earnings reactions on Tuesday morning.
• WHR +9.67% reversed Monday after-hours negative EPS reaction,
• More than 20% of SPX stocks report EPS this week including AAPL, AMZN, FB,
• AAPL +5.73% and AMD +9.09% gained on positive EPS reaction in after-hours
• FOMC announcement on Wed at 2 pm, no rate change expected,
• Jobs Report for January on Friday before the open.

   

The DJIA, closed up 51 points at 24,579, led by strength in MMM, UTX, CAT, BA and JNJ.  MMM +1.94% gained on a positive earnings reaction.  BA reports earnings before the open on Wednesday.

Seven of eleven sectors were higher on Tuesday, led by industrials XLI +1.38% and materials XLB +1.04%.

SPY down .35 at 263.41 on 66.1 million shares, 48% below average volume. Down on lower volume.

VIX up .26 at 19.13 

Oil up 1.15 at 53.24

TLT up .61 at 121.02 on 5.7 million shares. 

CAT +2.52%, UTX +2.30%, led the DJIA, 18 advancers, +12

PCG +16.49%, XRX +11.40% and GLW +11.07%, led the SPX.

PCAR +5.77%, GILD +2.47%, CMCSA +2.01%, and XRAY +1.58% led the NDX.

Long term up trend intact.  3-day short term trend is sideways.

Up: DIA,

Down: SPY, IWM, QQQ,

Breadth strengthened on Tuesday, as advancers led 1,616 to 1,248 on the NYSE and decliners led 1,673 to 1,325 on the NASDAQ

The SPY MFC green line is in the upper zone pointed up at 89 and is short-term bullish.

Uptrend sectors:  

Neutral sectors:  XLU, XLRE, XLB, XLY, XLC, XLV, XLI, XLK, XLF, XLP, XLE,

Down trend sectors: 

The 6-month intermediate trend is down.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Sideways

33 of 100 NDX stocks closed higher on Tuesday.

82 NDX stocks are above their 30 DMA:  DLTR, REGN, WDAY, XRAY, ROST, LULU, CELG, INCY, NFLX, AMZN, BIIB, CDNS, CTRP, EA, EBAY, FB, GILD, PCAR, PYPL, TMUS, VRTX, WYNN, XLNX, CTAS, MELI, TXN, ULTA, VRSN, ADBE, ADSK, BMRN, HAS, INTU, MCHP, ADI, AMAT, AVGO, ISRG, KLAC, LRCX, NXPI, SNPS, FAST, JBHT, MDLZ, MNST, PAYX, SWKS, WLTW, CSX, ALXN, CTSH, EXPE, GOOGL, IDXX, KHC, MXIM, NTAP, VRSK, ALGN, ADP, CHKP, COST, CSCO, FISV, MU, SBUX, ASML, FOXA, LBTYA, BKNG, CERN, CMCSA, JD, MAR, AAL, SYMC, UAL, WDC, BIDU, MYL, WBA,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 3

AAPL, AMD, MSFT,

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