After the Close Review of Tuesday’s record closing
highs…NDX, QQQ, AAPL, AMZN, FB, GOOGL,
MSFT, DJIA, DIA, DWDP, PG, SPY, IWM, VIX, TLT, more GREAT bull flag setups,…11:39 pm PT
Seven sectors were higher on Tuesday, led by utilities XLU +1.20% and
staples XLP +1.12%.
SPY down .18 at 258.67 on 57.4 million shares, 4% below average volume. Down
slightly on higher volume.
VIX up .49 at 9.89
Oil down .30 to 56.94
TLT up .53 at 126.64…on
6.3 million shares, 16% below average. Up on higher volume.
DWDP +1.28%, and PG +1.08%, led
the DJIA, 20 advancers.
GGP +16.78%, MAC
+8.43% and
EXPD +7.91% led the SPX.
WBA +3.00%, INCY
+2.57%, QCOM +2.53%,
VIAB +2.48%, and CMCSA +2.39%, led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is up.
Up:
QQQ, DIA,
Down:
SPY, IWM,
Breadth weakened on Tuesday as
decliners led 1,693 to 1,224 on the NYSE and led 2,047 to
836 on
the NASDAQ.
The SPY MFC green
line is in
upper zone at 94 bullish.
Uptrend
sectors: XLK,
XLY, XLU, XLF, XLB, XLE, XLRE, XLI,
Neutral
sectors: XLV,
Down
trend sectors: XLP,
Intermediate-term trending stocks: LRCX, ADBE, PYPL, ALGN, NVDA, BA, SQ, V, MCD,
CAT, MU, CC, TRU, FB, A, ISRG, AA, CBOE, TTWO, AABA, BABA, FCAU, ANET, WYNN,
RACE, WUBA, TAL, CCL, RCL, LYV, EDU, SHOP, ATVI, WB
51 of 100 NDX stocks closed
higher on Tuesday.
51 NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 4
KHC, KLAC, MDLZ, ROST, VRTX,
Moving Below 30 DMA = 6
DISH, LVNTA, MCHP, MYL, PCLN, WDC
The
intermediate and long-term trends are still up.
6-month Intermediate Term
Market Trend: Up
3-day Short Term Market
Trend: Up
4 comments:
Your videos are a great help. Thank you Dave!
Fav...you're welcome...DJ
Thanks for the videos Dave! Extremely helpful
Ryan...you're welcome...I'm glad you're finding them helpful...Dave
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