SPY, DIA and
IWM each made a new all-time closing high on Tuesday.
Fed funds
rates indicate a 99% probability of .25% rate hike on Wednesday.
Ten sectors were positive, led by materials XLB and energy XLE.
SPY up 1.19 at 244.55 on 60.0 million shares, 13% below average.
VIX down -1.04 to 10.42.
Oil down -.05 to 45.95
TLT up .02 at 124.38…on
4.7 million shares, 35% below average.
DD +2.12% and V +1.69% lead
the DJIA.
SWN +5.07%, KIM
+4.35% and MNK +4.03% led the SPX.
TSLA +3.23%, CHK
+2.89%, NCLH +2.10%
and
TRIP +2.06% led
the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is up.
Up:
QQQ, IWM, SPY, DIA
Down:
Uptrend
sectors: XLY, XLP,
XLV, XLI, XLU, XLK, XLRE, XLB
Breadth strengthened
as advancers led 2,055
to 854 on the NYSE and led 1,788 to 1,023 on the
NASDAQ.
The SPY MFC green
line is pointed
up in upper zone at 89, bullish.
Look for
a potential bounce in: SQ, BBY, MCD,
BBRY, LRCX, RACE, ADSK, BABA, NVDA, AMD, AVGO, TLT, MNST, WMT, WB, EA, TAL, XLNX,
MOMO, KWEB, JD, SHOP, SWKS, PYPL, KLAC, NFLX, YHOO, AMD,
One Day
Pullback:
Bounces included:
TSLA, WDC, CC, DDD, HUN, ATVI, MAR, AMZN, FB, WYN, V, AMAT, ANET, ADBE, EXPE, HD,
GOOGL, QQQ, AMAT, RCL, MCHP, CSX, SPY, XLY, AAPL,
Break of
short-term support: BIDU,
Potential
Breakouts include: SPY, TSLA, RCL, CC, WDC,
Breakouts:
DIA
New Highs: SPY, DIA, IWM
75 of 100 NDX stocks closed
higher on Tuesday.
67
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 11
ADBE, AKAM, AMZN, ATVI, EBAY,
GOOG, MAR, NCLH, SWKS, WDC, XRAY
Moving Below 30 DMA = 1
MYL,
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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