Bull Flag Bounce on SPY, QQQ, DIA, as Stocks Gain After News of Trade Talks Next Week...

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The DJIA, closed up 177 points at 27,349, led by strength in GS, KO, MMM, CAT and AXP.  Closing above 27,000 for the ninth straight day.

Ten of eleven sectors were higher on Tuesday, led by materials XLB +2.06% and industrials XLI +1.26%. 

SPY up 2.13 at 300.03 on 44.6 million shares, 20% below average volume.  Up on higher volume.

VIX down .92 at 12.61

Oil up .95 at 57.17

TLT down .72 at 131.22 on 8.1 million shares. 

KO +6.07%, DOW +3.42%, led the DJIA, 22 advancers, +5

HAS +9.95%, SHW +7.84% and SWK +7.18%, led the SPX.

JD +3.88%, FAST +3.43%, MAR +3.40% and WYNN +3.33% led the NDX.

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

Up: SPY, IWM, QQQ, DIA,

Down: 

Breadth strengthened on Tuesday, as advancers led 1,918 to 966 on the NYSE and led 1,687 to 1,343 on the NASDAQ

The SPY MFC green line is pointed down in the upper zone at 85.9 and is counter-trend defensive. 

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

Neutral sectors:  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

77 of 100 NDX stocks closed higher on Tuesday.

72 NDX stocks are above their 30 DMA:  CTAS, CHTR, IDXX, TTWO, WLTW, COST, HAS, SBUX, VRSN, EXPE, FISV, INTU, PYPL, SNPS, MSFT, MXIM, ROST, BKNG, CTSH, AAPL, ADI, AMZN, CDNS, INTC, CTXS, UAL, AAL, LULU, SIRI, FB, TSLA, ADBE, SYMC, AMAT, ASML, AVGO, JD, KLAC, MCHP, NVDA, SWKS, TXN, WYNN, XLNX, QCOM, WDC, AMD, CTRP, MU, FOXA, VRSK, ADSK, CMCSA, GOOGL, CSCO, ORLY, ULTA, LRCX, TMUS, JBHT, NXPI, ADP, ISRG, EBAY, KHC, LBTYA, MELI, BIIB, MAR, MNST, REGN, WBA,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 5

BIIB, MAR, MNST, REGN, WBA,

Moving Below 30 DMA = 1

WDAY,

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