After the Close Review of Tuesday’s
action…DIA, IWM, SPY, QQQ, VIX, XLNX, SYMC,
AMAT, CSX, BIDU, KSU ZION, AMD, AAL, DAL, UAL, LUV, ALK, JBLU, BAC, MS, STT, BABA,
ADBE, WYNN, EBAY, CRM, V, NTAP, CTRP…
Six sectors were higher on Tuesday, led by industrials
XLI +0.43% and discretionary XLY +0.42%.
SPY up .54 at 252.86 on 66.7 million shares, average volume. Up on higher volume.
VIX up .06 at 9.51
Oil down .39 to 50.18
TLT up .12 at 124.40…on
6.1 million shares, 23% below average. Up on lower volume.
VZ +0.99%, and AXP +0.98%, led
the DJIA, 24 advancers.
DAL +6.62%, UAL
+6.14% and
AMD +5.59% led the SPX.
AAL +5.82%, PAYX
+3.64%, CTRP +2.91%,
NTES +2.09%, and MAT +1.95%, led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is up.
Up:
DIA, IWM, SPY, QQQ,
Down:
Breadth weakened on Tuesday as
advancers led 1,617 to
1,246 on
the NYSE and led 1,599 to 1,265 on the NASDAQ.
The SPY MFC green
line is in
upper zone at 98, bullish.
Uptrend
sectors: XLI,
XLF, XLB, XLK, XLV, XLE,
Neutral
sectors: XLY, XLP, XLRE, XLU,
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, SHOP, TRU, MCD, WB, NVDA,
AABA, BABA, ATVI, FB, EA, RACE, WUBA, ADBE, CCL, RCL,
69 of 100 NDX stocks closed
higher and one was unchanged on Tuesday.
62
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 6
ADSK, MAT, NFLX, NTES, SIRI, ULTA,
Moving Below 30 DMA = 3
IDXX, LBTYA, REGN,
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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3 comments:
Thank you Dave. Looking forward to tomorrow's price action.
Thank you Dave.
This is very helpful and thank you.
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