Tuesday Trading Ends at 1 pm EDT...Lower Open Followed by Support Bounce Rally...

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Trading ends at 1 pm EDT on Tuesday and markets are closed Wednesday.  Have a wonderful July 4 as we celebrate our great freedoms.

QQQ and IWM bounced in their bull flag price pattern and are now HBO setups.  

Other bull flags include:  COST, ADI, NFLX, AMD, BBY, CTRP, FB, HD, TWTR. 

The DJIA, closed up 35 points at 24,307, led by strength in GS, UNH, AAPL and MSFT.

Six sectors were higher on Monday, led by technology XLK +0.89% and utilities XLU +0.71%.

SPY up .58 at 271.86, on 63.5 million shares, 15% below average volume. Up on lower volume

VIX down .49 at 15.60

Oil down .19 at 74.06

TLT down .37 at 121.35 on 9.6 million shares.

WBA +1.86%, MSFT +1.42%, led the DJIA, 19 advancers +3.

CRM +3.89%, PCG +2.77% and CMG +2.65%, led the SPX.

MU +3.89%, WDAY +2.59%, INCY +2.42%, and CERN +2.29%, led the NDX.

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

Up: IWM, QQQ, SPY DIA

Down:

Breadth was stable on Monday, as advancers led 1,599 to 1,340 on the NYSE and led 1,768 to 1,159 on the NASDAQ

The SPY MFC green line is pointed up at 38, bullish. 

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

Neutral sectors: XLV, XLF, XLI, XLB, XLP

Down trend sectors:

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

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Up

69 of 100 NDX stocks closed higher on Monday.

51 NDX stocks are above their 30 DMA.  COST, FB, NFLX, FOXA, EA, AMGN, KHC, REGN, ROST, TSLA, CHTR, HAS, MDLZ, MNST, DISH, TMUS, HOLX, HSIC, NTES, CTSH, ALXN, ISRG, AMZN, ATVI, CMCSA, CTRP, GILD, IDXX, INTU, PAYX, SHPG, TTWO, BMRN, CELG, GOOGL, ILMN, VRTX, ADP, BIIB, CA, CDNS, CERN, CHKP, CTAS, CTXS, EXPE, FISV, MSFT, PYPL, STX, VRSK,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 14

ADP, BIIB, CA, CDNS, CERN, CHKP, CTAS, CTXS, EXPE, FISV, MSFT, PYPL, STX, VRSK,

Moving Below 30 DMA = 2

ALGN, MELI,

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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