DJIA 22,370 and SPX 2,506 New All-time Closing High Again...

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After the Close Review of Tuesday’s action…$DJI, DIA, the core choice stocks or bonds, TLT, SPX, SPY, range day, QQQ, IWM, XLK, XLV, XLRE, XLU, XLB, XLI, XLF, XLE, XLP, XLY, AAL, ADSK, V, CRM, DLTR, GILD, X, WYNN, FAS, AMD, ETFC MSFT, NFLX, PYPL, TSLA, CC, SYMC, JBHT, WDC, NTAP, AMAT, AXP, /ES, position review, MU, SPY, VIX…

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The DJIA 22,370 and SPX 2,506 reach new all-time closing high again on Tuesday.

Five sectors were higher on Tuesday, led by financials XLF +0.76% and materials XLB +0.51%.

SPY up .25 at 249.97 on 47.1 million shares, 33% below average.  Up on similar volume.

VIX up .03 at 10.18

Oil down .08 to 50.28

TLT down .31 at 125.82…on 5.5 million shares, 30% below average.  Down on lower volume. 

VZ +2.60%, and AXP +1.29%, led the DJIA, 17 advancers.

LUK +3.93%, KORS +3.43% and NRG +3.27% led the SPX.

TMUS +5.86%, WYNN +2.20%, HAS +1.88%, and MAR +1.71%, led the NDX.

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

Up: DIA, QQQ, SPY, IWM,

Down:

Breadth weakened on Tuesday as advancers led 1,498 to 1,373 on the NYSE and decliners led 1,443 to 1,426 on the NASDAQ.

The SPY MFC green line is in upper zone at 98, bullish.

Uptrend sectors:  XLK, XLV, XLRE, XLU, XLB, XLI, XLF

Neutral sectors: XLE, XLP, XLY,

Down trend sectors:

Intermediate-term trending stocks:  ALGN, CBOE, ISRG, A, SHOP, TAL, TTWO, ADBE, LYV, FCAU, V, MCD, WYNN, WB, EDU, PYPL, MU, ATVI, FB, ATVI, EA, MCD, V, SQ, CC, TRU, ANET, CCL, RCL, WUBA, NVDA, BA, AABA, BABA, AA, LRCX,

48 of 100 NDX stocks closed higher on Tuesday.

70 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 4

ADP, FB, TMUS, VOD,

Moving Below 30 DMA = 4

AMZN, ESRX, MYL, WBA   

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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