DJIA / DIA New All-time High as MMM, CAT Gap Higher after EPS...

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After the Close Review of Tuesday’s action…DIA, SPY, QQQ, IWM, /ES, TLT, VIX, MMM, CAT, AXP, GLW, SWK, GM, WHRM BIIB, GE, AKAM…financial stocks moving higher…more earnings stocks for Wednesday and Thursday…11:00 pm PT

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DIA makes new all-time high while SPY, QQQ and IWM forming bull flag.

Seven sectors were higher on Tuesday, led by financials XLF +0.71% and industrials XLI +0.57%.

SPY up .45 at 256.56 on 63.9 million shares, 10% above average volume.  Up on higher volume.

VIX up .09 at 11.16

Oil up .67 to 52.53

TLT down .77 at 123.43…on 6.8 million shares, 5% below average.  Down on higher volume.

MMM +5.91%, and CAT +4.98%, led the DJIA, 17 advancers.

GLW +6.43%, SWK +4.77% and AA +4.49% led the SPX.

HAS +3.58%, ATVI +2.07%, NTES +1.98%, AAL +1.90%, and NFLX +1.84%, led the NDX.

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

Up: DIA, IWM, SPY, QQQ,

Down:

Breadth strengthened on Tuesday as advancers led 1,547 to 1,325 on the NYSE and led 1,417 to 1,396 on the NASDAQ.

The SPY MFC green line is in upper zone at 94 bullish.

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

Neutral sectors: XLP,

Down trend sectors:

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

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

58 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 3

FB, TMUS, WYNN,

Moving Below 30 DMA = 4

BIIB, HOLX, MAR, PCAR,

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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