DJIA 25,385, Day 4 Above 25,000...DIA, SPY, QQQ New All-time Closing High...

After the Close Review of Tuesday’s market action…INDU, DIA, SPY, QQQ, IWM, XLV, XLF, XLI, XLY, BA, JNJ, UTX, GS, TTRV, MMM, HD, JPM, AAPL, AMZN, FB, GOOGL, MSFT, and many more leading charts and setups …9:59 pm PST

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Record highs: BA, CAT, HD, JNJ, JPM, UTX, ADBE, ADP, AMZN, CSX, FISV, ILMN, INTU, JBHT, MAR, MNST, PYPL, TXN, XLNX,

Four sectors were higher on Tuesday, led by healthcare XLV +1.18% and real estate XLF +0.78%.

SPY up .62 at 274.54 on 57.2 million shares, 32% below average volume.  Up on similar volume.

VIX up .56 at 10.08

Oil up 1.58 to 63.48

TLT down 1.68 at 123.95…on 16.2 million shares, 74% above average volume.  Down on higher volume.

BA +2.67% and JNJ +1.59%, led the DJIA, 16 advancers.

BSX +8.33%, LNC +3.91%, and DHR +3.53%, led the SPX.

ILMN +6.93%, GILD +4.97%, ESRX +4.38%, MNST +2.26%, and BIIB +2.0%, led the NDX.

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

Up: DIA, SPY, QQQ,

Down: IWM,

Breadth weakened on Tuesday, as decliners led 1,700 to 1,203 on the NYSE and led 1,554 to 1,322 on the NASDAQ.

The SPY MFC green line is in the upper zone at 97, bullish.

Uptrend sectors:  XLB, XLE, XLY, XLI, XLF, XLP, XLK, XLV,

Neutral sectors: XLRE,

Down trend sectors: XLU,

Intermediate-term trending stocks:  Many of these stocks have had significant pull backs over the past month and it is appropriate to wait for the uptrend to resume before considering entry… CAT, MAR, V, BA, WYNN, IBKR, TRU, CBOE, VRSN, WYN, MCD, NVDA, ANET, CDNS, AA, TAL, EDU, FCAU, ADBE, PYPL, LRCX, CC, MU, LYV, FB, A, ISRG, TTWO, AABA, BABA, RNG, WUBA, CCL, RCL, SHOP, ATVI, SQ, RACE, ALGN,  WB,

44 of 100 NDX stocks closed higher on Tuesday.

84 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 1                            

WYNN,  

Moving Below 30 DMA = 8

COST, INCY, MU, NTES, PAYX, QCOM, WDC, XRAY

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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