SPX, NDX Reverses Friday's Pullback, End Higher...QQQ, IWM Lead...

 
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NDX +192.61, +0.79%, a bull flag bounce.
 
SPX +30.66, +0.81%, closed at 3,798, is a bull flag bounce.
 
TSLA rose +2.23%, is forming a bull flag setup.
 
Eight of eleven sectors were higher on Tuesday, led by XLE, XLC and XLK. 
 
SPY up 2.95 at 378.65 on 51.2 million shares, below average volume, up on lower volume.
VIX down 1.10 at 23.24
 
AXP, BA, CVX, MMM led the DJIA, 17 advancers, +9
GM, KMX, ETSY LYV led the SPX, 298 advancers
SWKS, MRVL, LRCX, MU led the NDX, 71 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, IWM, SPY, DIA,
Down:
 
Advancers strengthened on Tuesday as advancers led 1,980 to 1,192 on the NYSE and led 2,604 to 1,255 on the NASDAQ
 
The SPY MFC green line is pointed down at 84.0 and is counter-trend defensive.  Price action is a bull flag bounce.
 
Uptrend sectors:  XLU, XLB, XLI, XLY, XLP, XLV, XLF, XLC, XLK, XLE,
Neutral sectors:  XLRE,
Down trend sectors:
 
The 6-month intermediate trend is up.  The ten-day trend is up a little.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Sideways
 
71 of 100 NDX stocks closed higher on Tuesday.
 
62 NDX stocks are above their 30 DMA:   ALGN, TXN, ADI, AMAT, MU, MXIM, ASML, CSCO, AVGO, ADSK, TSLA, PYPL, ANSS, ATVI, BIDU, CDNS, ILMN, SNPS, CHKP, CERN, IDXX, ALXN, SWKS, ORLY, NTES, MRVL, PTON, AMGN, INTC, JD, PDD, KLAC, NXPI, EBAY, GILD, LRCX, WBA, BIIB, FOXA, MCHP, QCOM, CSX, EXC, FAST, PCAR, CDW, CTAS, DOCU, INCY, MELI, REGN, SPLK, EA, ZM, SGEN, BKNG, GOOGL, INTU, OKTA, TCOM, VRTX, WDC,
 
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 7
BKNG, GOOGL, INTU, OKTA, TCOM, VRTX, WDC,
 
Moving Below 30 DMA = 2
MNST, MTCH,
 
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