DJIA 25,792 Close, Down 10 Points after Moving Above 26,000 for First Time...VIX Jumps...

After the Close Review of Tuesday’s market action…INDU, DIA, QQQ, SPY, IWM, $VIX, TLT, AAPL, DIS, SWDP, MMM, NKE, V, ADSK, IDU, COST, PYPL, WDC, WYNN, XLNX, X, BA, CAT, HD, JPM, CMA, C, CSX, BAC and more earnings to report this week…9:33 pm PST

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Futures rose overnight leading to a record high open and intra-day high before a pullback started 30 minutes after the open, leading the broad indices to a lower close.  The DJIA reached 26,086 ­before closing down 10 points at 25,792, and its eighth close above 25,000.

Record highs: JNJ, MMM, UNH, V, ADI, ADP, ASML, IDXX, GOOGL, NFLX, TXN

Three sectors were higher on Tuesday, led by healthcare XLV +0.50% and real estate XLE +0.48%.

SPY down .95 at 276.97 on 106.5 million shares, 27% above average volume.  Down on higher volume.

VIX up 1.50 at 11.66

Oil down .52 to 63.88

TLT up .52 at 125.04…on 9.1 million shares, 5% below average volume.  Up on lower volume.

MRK +5.81% and UNH +1.86%, led the DJIA, 12 advancers.

MGM +2.85%, EQIX +2.79%, and MCK +2.65%, led the SPX.
QCOM +4.39%, ASML +3.05%, ALGN +2.11%, AMAT +1.96%, and WYNN +1.93%, led the NDX.

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

Up:

Down: DIA, QQQ, SPY, IWM

Breadth weakened on Tuesday, as decliners led 1,962 to 960 on the NYSE and led 2,022 to 959 on the NASDAQ.

The SPY MFC green line is in the upper zone at 94, 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… BA, CAT, MAR, V, CBOE, IBKR, TRU, WYN, MCD, WYNN, ADBE, PYPL, ANET, RNG, NVDA, ISRG, VRSN, CDNS, AA, WUBA, TAL, EDU, FCAU, LRCX, CC, WB, MU, LYV, FB, A, TTWO, AABA, BABA, CCL, RCL, SHOP, ATVI, SQ, RACE, ALGN,  

39 of 100 NDX stocks closed higher on Tuesday.

82 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 2                            

KHC, MDLZ,

Moving Below 30 DMA = 7

CELG, DISH, EBAY, HAS, SIRI, SYMC, TMUS,

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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