RUT Rose as SPX, DJI, NDX Fell as VIX Rose for a Second Day...Energy, Health Care and Communication Services Led...NVDA, PANW Report EPS Wednesday AMC...

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SPX -55.09, 6,617, opened lower, sold off about 66 points, reversed and rallied 92 points from its low, just 5 point below Monday’s close, before rolling over to a lower close.  Breadth strengthened on Tuesday as advancers increased on both exchanges and indexes, but net change capital remained negative. The SPX closed 14 points below the November 7 support low.    

SPY opened lower, traded in a range on a weak day and closed below its November 7 hammer low. While the short-term is down the chart continues to indicate that the intermediate up trend is more probable to continue.  The four-week SPY trend is sideways.  The three- and six-month trends are up.  Dave

NDX –1.20%, closed below one week support of its November 7 low. 

DJI, 46,091, -1.07%, channel bounce down, led by HD, MSFT and AMZN.

NVDA -5.24, -2.81%, EPS on November 19 AMC.

AVGO -2.15, -0.63%, red spinning top at short-term support.

ORCL +0.63, +0.29%, at intermediate term muti-month support.

Mega caps BRK/B rose and AAPL, GOOGL, META, AVGO, TSM, TSLA, MSFT, NVDA, AMZN fell on Tuesday. 

SPY down -5.59 at 660.08, 113.5 million shares, above average volume.

VIX up +2.31 at 24.69,

QQQ down -7.35 at 596.31

MRK, VZ, TRV, PG led DJIA, 11 advancers, +8

MDT, WBD, KMX, VLO led SPX, 255 advancers

MSTR, WBD, NFLX, PCAR led NDX, 43 advancers.

Up: IWM,

Down: SPY, DIA, QQQ,

The SPY MFC green line is pointed down at 48.2, and price-action closed below the support low of the November 7 hammer and is short-term bearish. -12.5

Six of eleven sectors were higher on Tuesday led by XLE, XLV and XLC. 

Uptrend sectors: XLV, XLK, XLU, XLE, XLC, XLY, XLI,

Neutral sectors: XLF, XLB, XLRE,

Down trend sectors: XLP,

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down 

43 of 100 NDX stocks closed higher on Tuesday.

28 NDX stocks are above their 30 DMA: MU, WBD, MRVL, EA, AEP, AMGN, AAPL, GOOGL, ROST, CSCO, ISRG, BIIB, CTSH, REGN, IDXX, MAR, AZN, DDOG, BKR, CCEP, FANG, MNST, VRTX, GILD, PEP, XEL, KDP, KHC,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 2

KDP, KHC,

Moving Below 30 DMA = 6

AMAT, AMZN, CRWD, MDB, ORLY, SBUX,

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