© 2020
NDX -80.05, -0.75% and SPX
-34.40, -1.03%. NDX
made a new high before closing
lower. SPX opened
lower, traded in a range much of the day and closed lower. SPX was a BO test.
TSLA, EBAY,
DOCU, NVDA, and SQ made new closing highs on Tuesday.
Two of eleven sectors were higher on Tuesday, led
by XLP, XLB and XLC
Consumer staples
leaders: WMT, PM, CHD, COST
Materials leaders: APD, NEM, ECL, BLL,
Communication services
leaders: TWTR, TTWO, OMC, EA
SPY down 3.27 at 313.78 on 82.9 million shares, below average volume, down
on higher volume.
VIX up 1.49 at 29.43
WMT, PG, KO led the DJIA, 2 advancers, -26
ROL, APD, PM, JBHT led the SPX, 71 advancers
CHKP, DOCU, SGEN, VRTX led the NDX, 29 advancers
The two-year trend term
is up. The one-year trend is up.
Up:
Down: QQQ, SPY, DIA, IWM,
Breadth weakened on
Tuesday as decliners led 2,279 to 711 on the NYSE
and led 2,474 to 901 on the NASDAQ
The SPX
MFC green line is pointed up at 64 and is short-term
bullish. Price action is a breakout test
and close below the LOHD.
Uptrend sectors: XLK, XLY, XLC, XLB, XLI, XLRE,
Neutral sectors:
XLV, XLF, XLU, XLP, XLE,
Down trend sectors:
The 6-month intermediate
trend is sideways. The ten-day trend is sideways.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up
29 of 100 NDX stock
closed higher on Tuesday.
74 NDX stocks are above their 30 DMA: AMZN, CDNS, ASML, IDXX,
KLAC, MSFT, NVDA, SNPS, SWKS, QCOM, AAPL, ADSK, EBAY, FAST, MCHP, MELI, PYPL,
SPLK, WDAY, ADBE, ALGN, TSLA, BMRN, CSGP, ZM, AMAT, JD, NTES, TMUS, BIDU, ADI, AVGO,
MXIM, TXN, LRCX, REGN, NXPI, EA, TTWO, ATVI, ILMN, ANSS, NFLX, SGEN, VRTX, AMGN,
INCY, DOCU, CTSH, CTXS, CTAS, DXCM, GILD, INTU, KHC, ORLY, PCAR, PEP,
ISRG, LULU, VRSK, XLNX, CHKP, COST, EXPE, FB, GOOGL, VRSN, LBTYA, MDLZ, TCOM,
CMCSA, MNST, CHTR,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 1
CHTR,
Moving Below 30 DMA = 11
ADP, ALXN,
AMD, BKNG, CDW, CERN, CSCO, MU, NTAP, PAYX, WBA,
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