Day 6 Bull Flag Gaps Up, Breaks Out as FOMC & Trade Sentiment Improves...

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The DJIA, closed up 353 points at 26,465, led by strength in BA, MMM, AAPL, GS and CAT.  Closing above 26,000 above for the seventh straight day.  

Eight of eleven sectors were higher on Tuesday, led by industrials XLI +1.94% and technology XLK +1.81%. 

SPY up 3.03 at 292.04 on 85.4 million shares, 10% above average volume. Up on higher volume.

VIX down .20 at 15.15

Oil up 2.38 at 54.30

TLT up .66 at 132.35 on 10.3 million shares. 

BA +5.37%, MMM +3.05%, led the DJIA, 23 advancers, +9

QRVO +5.56%, WYNN +5.46% and NVDA +5.41%, led the SPX.

XLNX +6.94%, CTRP +6.29%, MU +5.74% and NXPI +5.66% led the NDX.

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

Up: QQQ, DIA, IWM, SPY,

Down:

Breadth strengthened on Tuesday, as advancers led 2,102 to 798 on the NYSE and led 2,167 to 914 on the NASDAQ

The SPY MFC green line is turned up at 78 and is short-term bullish. 

Uptrend sectors: XLP, XLRE, XLU, XLY, XLK, XLB, XLI, XLC,

Neutral sectors:  XLF, XLV, XLE,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

81 of 100 NDX stocks closed higher on Tuesday.

83 NDX stocks are above their 30 DMA:  PAYX, PEP, CERN, CTAS, CHTR, IDXX, XRAY, TTWO, MELI, ORLY, AMD, MDLZ, WLTW, AMGN, CELG, COST, HAS, HSIC, ILMN, SBUX, VRSK, VRSN, ADP, CSCO, EXPE, FISV, INTU, PCAR, PYPL, SNPS, AMAT, LBTYA, MSFT, MXIM, ROST, WDAY, BKNG, CTSH, EBAY, GILD, ISRG, MAR, AAPL, ADI, AMZN, CDNS, DLTR, INTC, NTES, WBA, ULTA, CTXS, UAL, AAL, ATVI, LULU, SIRI, CMCSA, FB, TSLA, VRTX, ADBE, BIIB, BMRN, INCY, SYMC, AMAT, ASML, AVGO, CSX, FAST, FOXA, JD, KLAC, MCHP, NFLX, NVDA, NXPI, SWKS, TMUS, TXN, WYNN, XLNX,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 17

AMAT, ASML, AVGO, CSX, FAST, FOXA, JD, KLAC, MCHP, NFLX, NVDA, NXPI, SWKS, TMUS, TXN, WYNN, XLNX,

Moving Below 30 DMA = 1

REGN,

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