DJIA 26,210...NDX, SPX, RUT Another Record New High Close...NFLX, AMZN, GOOGL Surge to New Highs...

After the Close Review of Tuesday’s market action…INDU, JNJ, TRV, PG, IBM, GS, BA, CAT, CVX, NKE, CSCO, INTC, UNH, GE, WMT, V, HD, QQQ, NFLX, HAS, VRTX, LRCX, AMZN, GOOGL, PCLN, SPY, IWM, DIA, ATVI, COST, DLTR, FB, MU, PCLN, ROT, XLE, XLB, XLI, TXN, IBM, $VIX, more great setups …9:58 pm PST

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The DJIA closed at 26,210, down 3 points on strength in TRV, IBM, and weakness in JNJ, PG, and BA.  Tuesday was the fifth close above 26,000, and the thirteenth close above 25,000.  The SPX, NDX and RUT each made a new all-time closing high on Tuesday.

Record highs: CSCO, HD, JPM, MCD, MSFT, TRV, UNH, V, WMT, ADBE, AMZN, ATVI, CTSH, FISV, GOOGL, IDXX, ISRG, KLAC, MAR, MELI, MNST, NVDA, PYPL, SNPS,

Six sectors were higher on Tuesday, led by real estate XLRE +1.54% and utilities XLU +0.96%. 

SPY up .60 at 283.29 on 97.0 million shares, 13% above average volume.  Up on higher volume.

VIX up .07 at 11.10

Oil up .53 to 64.47

TLT up .53 at 123.71…on 12.3 million shares, 36% above average volume.  Up on higher volume.

TRV +4.96% and GE +4.45%, led the DJIA, 17 advancers.

RMD +14.67%, FOSL +13.83%, and MAT +10.38%, led the SPX.

NFLX +9.98%, HAS +4.07%, VRTX +2.88%, LRCX +2.81%, and AMZN +2.65%, led the NDX.

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

Up: QQQ, IWM, SPY,

Down: DIA,

Breadth weakened slightly on Tuesday, as advancers led 1,788 to 1,096 on the NYSE and led 1,605 to 1,254 on the NASDAQ.

The SPY MFC green line is in the upper zone at 98, bullish.

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

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,  

69 of 100 NDX stocks closed higher on Tuesday.

87 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 3                            

HAS, MU, REGN, 

Moving Below 30 DMA = 2

CTRP, ULTA,

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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