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After the close Review of Tuesday’s action…SPY, QQQ, IWM, DIA, TLT, VIX, AAPL, MSFT, AMZN, GOOG, GOOGL, FB, CSCO, CMCSA, AVGO, NVDA, ATVI, SQ, TTWO, BABA CC, AABA, ALGN, SHOP, PYPL, TRU, ADBE, A, ANET, EA, EDU, EPE, BA, TAL, ALL, FB, LYV, RCL, V, MCD, PGR, CCL, MOMO, BZUN, 

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SPY, QQQ MACD bullish divergence bounce.

DIA bounce in bull flag pattern.

IWM channel bounce at short-term support.

Nine sectors were higher, led by technology XLK +1.49% and materials XLB +1.30%.

SPY up 2.54 at 245.44 on 63.1 million shares, average.  Up on similar volume.

VIX down 1.84 at 11.35.

Oil up .06 to 47.63

TLT down .49 at 126.44…on 6.1 million shares, 9% below avg.  Down on lower volume. 

CAT +1.95%, and CSCO +1.92%, led the DJIA, 26 advancers.

M +4.56%, FL +4.27% and GWW +3.79% led the SPX.

VRTX +4.34%, ATVI +4.01%, FAST +3.58%, and ALXN +3.57%, led the NDX.

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

Up: QQQ, IWM, SPY, DIA

Down:

Breadth strengthened on Tuesday as advancers led 2,103 to 795 on the NYSE and led 2,034 to 790 on the NASDAQ.

The SPY MFC green line is at 43, short-term bearish.

Uptrend sectors:  XLU,

Neutral sectors: XLK, XLP, XLF, XLY, XLRE, XLV, XLB, XLI

Down trend sectors: XLE

Intermediate-term trending stocks:  PYPL, ADBE, NVDA, FB, ATVI, EA, BA, MCD, V, CCL, RCL, ALGN, ANET, SQ, MOMO, CC, BZUN, AABA, TTWO, PGR, TRU, LYV, ALL, TAL, BABA, A, EDU, SHOP, EXPE,

94 of 100 NDX stocks closed higher on Tuesday.

41 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 11

AVGO, BIIB, CHKP, CTSH, GILD, MAR, MSFT, MU, NCLH, SIRI, VRTX,

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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