Lower Open Reverses to Higher Close on QQQ, IWM, SPY, DIA...QQQ Another All-time Closing High...NFLX Recovers 60% of Gap Down, Large White Candle...

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Seven sectors were higher on Tuesday, led by materials XLB +1.31% and technology XLK +0.75%.

The DJIA, closed up 55 points at 25,119, led by strength in JNJ, HD, UTX, DWDP and V.  This is the third consecutive close above 25,000 since June 15.

SPY up 1.13 at 280.47, on 52.3 million shares, 25% below average volume. Up on higher volume and its highest close since Jan 29.

VIX down.77 at 12.06

Oil down .39 at 67.61

TLT down .23 at 121.98 on 3.7 million shares.

JNJ +3.54%, DWDP +2.04%, led the DJIA, 19 advancers, +7.

PRGO +3.98%, SCHW +3.56% and PPG +2.97%, led the SPX.
MELI +4.82%, TSLA +4.06%, LRCX +3.17%, and AVGO +2.49%, led the NDX.

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

Up:  QQQ, IWM, SPY, DIA,

Down:

Breadth strengthened on Tuesday, as advancers led 1,653 to 1,214 on the NYSE and led 1,638 to 1,280 on the NASDAQ

The SPY MFC green line is in the upper zone at 94, bullish. 

Uptrend sectors:  XLU, XLRE, XLV, XLY, XLK, XLE,

Neutral sectors: XLP, XLB, XLF, XLI,

Down trend sectors:

The 6-month intermediate and long-term trends are still up.  The three-month trend is now up.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

78 of 100 NDX stocks closed higher on Tuesday.

76 NDX stocks are above their 30 DMA.  COST, FB, FOXA, EA, AMGN, KHC, REGN, CHTR, HAS, MDLZ, MNST, TMUS, HOLX, HSIC, NTES, CTSH, ALXN, ISRG, AMZN, ATVI, CMCSA, CTRP, GILD, IDXX, INTU, SHPG, TTWO, BMRN, CELG, ILMN, VRTX, CDNS, CHKP, EXPE, FISV, ESRX, QRTEA, XRAY, BIIB, CA, CTAS, FB, GOOGL, MELI, ORLY, PAYX, PYPL, SYMC, VRSK, WDAY, CTXS, MSFT, BIDU, ULTA, SNPS, FAST, AAPL, ADBE, ADP, ADSK, ALGN, CERN, DLTR, MXIM, QCOM, STX, SWKS, TXN, WBA, ASML, INCY, MU, NVDA, PCAR, ROST, XLNX,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 7

ASML, INCY, MU, NVDA, PCAR, ROST, XLNX,

Moving Below 30 DMA = 1

NFLX,

Intermediate-term trending stocks: 

RACE, ADBE, IBKR, ETFC, MA, V, ISRG, WIX, NDAQ, WYNN, VRSN, TAL, COP, CRM, NTAP, RNG, AA, WUBA, FCAU, NVDA, SQ, ALGN, AKAM, SHOP, EL

BA, MU, MAR, CMA, CME, ANET, HRS, KORS,

DLTR, WB, TPR,

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