After the Close Review of Tuesday’s market action…/ES, QQQ, IWM, DIA, SPY, VIX, AMAT, DLTR, ADI
MU, WYNN, AMAT, COST, more setups and great technical analysis insights…9:56 pm PST
Ten sectors were higher on Tuesday, led by technology XLK +1.05% and
healthcare XLK
+0.88%.
SPY up 1.69 at 259.99 on 69.0 million shares, 12% above average volume. Up
on higher volume.
VIX down .92 at 9.73
Oil up .72 to 57.10
TLT up .40 to
at 126.74…on 5.8 million shares, 15%
below average volume. Up on higher volume.
AAPL +1.86%, and MSFT +1.44%, led
the DJIA, 25 advancers.
JEC +9.30%, TRIP
+7.64% and
MDT +4.77% led the SPX.
VIAB +4.17%, MU
+3.69%, TSLA +2.94%,
SHPG +2.45%, and DLTR +2.42%, led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is up.
Up:
QQQ, IWM, DIA, SPY
Down:
Breadth strengthened
on Tuesday as advancers led 1,981 to 953 on the NYSE and led 1,892 to 1,024 on the NASDAQ.
The SPY MFC green
line turned up at 79.4 bullish.
Uptrend
sectors: XLY,
XLK, XLRE, XLF, XLU, XLE, XLB,
Neutral
sectors: XLP, XLV, XLI,
Down
trend sectors:
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, CDNS, ANET,
WYNN, RACE, RNG, WUBA, TAL, CCL, RCL, LYV, EDU, SHOP, ATVI, WB
81 of 100 NDX stocks closed
higher on Tuesday.
59
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 1
NFLX,
Moving Below 30 DMA = 1
ADI,
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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