After the Close Review of Tuesday’s action…DIA, UNH, JNJ, GS, QQQ, AAPL, AMZN, FB, GOOGL, MSFT, SPY, IWM, VIX, TLT, CSX, MS, IBM, LRCX,
CREE, Wednesday earnings
charts, NFLX, SONC, ROST ADBE, MU, QCOM and financial stocks…10:07 pm
PT
Six sectors were higher on Tuesday, led by healthcare XLV +1.34% and utilities XLU +0.59%.
SPY up .18 at 255.47 on 31.5 million shares, 46% below average volume. Up on lower
volume.
VIX up .40 at 10.31
Oil up .02 to 51.94
TLT up .16 at 125.92…on
4.8 million shares, 37% below average. Up on lower volume.
UNH +5.53%, and JNJ +3.43%, led
the DJIA, 14 advancers.
GWW +12.65%, PCG
+7.51% and
NAVI +4.01% led the SPX.
ULTA +4.43%, CSX
+2.63%, BIIB +2.62%,
HOLX +2.53%, and AMGN +2.36%, led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is up.
Up:
DIA, QQQ, SPY,
Down:
IWM,
Breadth weakened on Tuesday as
decliners led 1,655 to 1,211 on the NYSE and led 1,872 to 1,013 on the NASDAQ.
The SPY MFC green
line is in
upper zone at 98 bullish.
Uptrend
sectors: XLI,
XLF, XLB, XLK, XLV, XLE, XLY, XLRE, XLU,
Neutral
sectors: XLP,
Down
trend sectors:
Intermediate-term trending stocks: MU, LRCX, CBOE, TAL, TTWO, LYV, FCAU, AA,
EDU, PYPL, ANET, V, ALGN, BA, WYNN, A, ISRG, SQ, CC, TRU, FB, MCD, WB, NVDA,
AABA, BABA, ATVI, EA, RACE, WUBA, ADBE, CCL, RCL, SHOP,
50 of 100 NDX stocks closed
higher on Tuesday.
66
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 3
ALXN, AMGN, HSIC,
Moving Below 30 DMA = 4
AVGO, SBUX, SHPG, WDC
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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1 comment:
Dave, thank you again for Market Talk. Will you be planning any Workshop?
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