Light Volume on Tuesday following Memorial Day Weekend, MU, TSLA, NVDA, SQ New High Close…

MU, TSLA, NVDA, SQ, LRCX, MSFT, COST, CSX, GOOGL, AMZN each make new all-time closing highs on Tuesday. 

QQQ, makes new all-time closing high

SPY, DIA paused on Tuesday for the second day after horizontal resistance breakout on Thursday.

Three sectors were positive, led by technology XLK and utilities XLU.

SPY down -.21 at 241.50 on 35.2 million shares, 51% below average.

VIX rises +0.57 to 10.38.

Oil falls -.22 to 49.65

TLT up 0.61 at 124.09…on 4.6 million shares, 30% below average.

VZ +1.94% and MMM +0.88% lead the DJIA.

BWA +3.28%, HPQ +2.54%, and WHR +2.27% led the SPX.

MU +3.16%, TSLA +3.06%, ADI +2.40% and NVDA +2.14% led the NDX.

Intermediate and long term up trend intact.  3-day short term trend is up.

Up: QQQ,

Down: DIA, SPY, IWM

Uptrend sectors:  XLK, XLY, XLRE, XLV, XLI, XLP, XLU

Breadth weakened as decliners led 1,802 to 1,128 on the NYSE and led 1,856 to 931 on the NASDAQ.

The SPY MFC green line is pointed up at 95, bullish.

Look for a potential bounce in: COST, ADBE, EA, NFLX, V, ATVI, WMT, AAPL, JD, SHOP, UNH, HD, WB, NTES, CC, HUN, MOMO, BBRY, DDD,

(click image to enlarge)

One Day Pullback:

Bounces included: NVDA, BABA,

Break of short-term support:

Potential Breakouts include: TLT, WDC, RCL, XLY, AMAT, RACE, AVGO, FB, ANET, BIDU, YHOO, EXPE, XLNX,

Breakouts: TSLA, MU,

New Highs QQQ, MU, TSLA, NVDA, SQ, LRCX, MSFT, COST, CSX, MCHP, SWKS, AMZN, HAS, WYN, GOOGL, MCD, SBUX, MAR, PYPL, SPY, DIA, KLAC,

39 of 100 NDX stocks closed higher on Tuesday.

70 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 1

CA

Moving Below 30 DMA = 0

The intermediate and long-term trends are still up.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

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