SPX Opens Lower, Closes Higher...BBY Gaps Lower after Positive EPS...

Four sectors were higher, led by industrials XLI +0.73% and technology XLK +0.43%.

SPY up .28 at 244.85 on 50.9 million shares, 19% below average.  Up on higher volume.

VIX up .38 at 11.70.

Oil down .49 to 46.32

TLT up .41 at 127.65…on 7.6 million shares, 12% above avg.  Up on higher volume. 

UTX +2.92%, and BA +1.40%, led the DJIA, 17 advancers.

URI +3.84%, COTY +2.61% and BF/B +2.32% led the SPX.

DISH +1.96%, ULTA +1.94%, GILD +1.41%, and MU +1.29%, led the NDX.

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

Up: QQQ, DIA, SPY, IWM

Down:

Breadth strengthened on Tuesday as decliners led 1,468 to 1,407 on the NYSE and advancers led 1,451 to 1,355 on the NASDAQ.

The SPY MFC green line turned down at 37, 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, CC, AABA, TTWO, PGR, TRU, LYV, ALL, TAL, BABA, A, EDU, SHOP, EXPE,

60 of 100 NDX stocks closed higher and one was unchanged on Tuesday.

39 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 1

CSX,

Moving Below 30 DMA = 5

CMCSA, CSCO, CTAS, LBTYA, ORLY,

The intermediate and long-term trends are still up.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Neutral

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