© 2020
The NDX
+359.42, +4.31% closed higher led by
big gains in TSLA, AAPL, GOOGL, MSFT and semiconductor stocks AMD, KLAC,
QCOM, SWKS, ASML, LRCX, NVDA and AMAT.
JNJ, FAST
after
beating estimates while JPM, WFC fell after missing. Earnings continue Wednesday morning before the
open with BAC, C, GS, PGR, PNC, SCHW, UNH, USB and OMC.
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Ten
of eleven
sectors were higher on Tuesday, led by XLP,
XLK and XLY
SPY up 8.13 at 283.79 on 134.1 million shares, below average volume. Up on higher volume.
VIX down 3.41 at 37.76
RTX, WBA, AAPL led the DJIA, 24 advancers, +16
RCL, CPRI, CCL, NCLH led the SPX, 427 advancers
TSLA, MNST, AMD, FAST led the NDX, 97 advancers
Two-year trend term is up. A new 3-week uptrend has emerged following a higher low W pattern reversal. Tuesday was one-day bull flag bounce and horizontal breakout. 3-day short term trend is up.
Up: QQQ, SPY,
DIA, IWM,
Down:
Breadth strengthened
on Tuesday as advancers led 2,228 to 745 on the NYSE and
led 2,315 to 959 on the NASDAQ
The SPX
MFC green line is pointed up at 58.2 and is a short-term
bullish.
Uptrend sectors: XLV, XLP, XLK, XLB, XLY, XLU, XLC,
Neutral sectors:
XLRE,
Down trend sectors: XLI,
XLF, XLE,
The 6-month intermediate
trend is down. The ten-day trend is up.
3-month Intermediate Term Market Trend: Down
3-day Short Term Market Trend: Up
97 of 100 NDX stocks
closed higher on Tuesday.
92 NDX stocks are above their 30 DMA: CTXS, SGEN, AMZN,
CDNS, NFLX, REGN, TTWO, VRTX, ALXN, NTES, INCY, AMGN, ATVI, CHKP, CSCO, EA,
ILMN, INTC, KHC, VRSN, XLNX, AMD, ANSS, AVGO, CHTR, COST, CSX, IDXX, ISRG, JD,
KLAC, LULU, MDLZ, MSFT, MU, MXIM, NVDA, ORLY, PCAR, PEP, SNPS, SWKS, TMUS, TXN,
ADI, FB, LRCX, QCOM, SBUX, WLTW, AAPL, ADP, ADSK, AMAT, BIIB, CDW, CERN, CMCSA,
CSGP, CTSH, EBAY, FAST, FISV, FOXA, GOOGL, INTU, LBTYA, MCHP, MELI, MNST, PYPL,
ROST, SPLK, ULTA, WDAY, WDC, XEL, ADBE, ALGN, BKNG, EXC, NTAP, TSLA, BMRN, GILD,
BIDU, DLTR, NXPI, PAYX, SIRI, VRSK, WBA,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 7
BIDU, DLTR,
NXPI, PAYX, SIRI, VRSK, WBA,
Moving Below 30 DMA = 0
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