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Stocks opened lower on Tuesday followed by a reversal to the
upside in DIA, QQQ and SPY.
The DJIA, closed up 108 points at 24,748, led by strength in UNH, HD,
JNJ, WBA and BA. This is the fifth close below 25,000 since Oct. 30.
Eight of eleven sectors were higher on Tuesday, led
by healthcare XLV +1.04% and
staples XLP +0.89%.
SPY up.90 at 268.40 on 75.5 million
shares, 33% below average volume. Up on lower volume.
VIX up .12 at 19.02
Oil up .49 at 52.09
TLT up .13 at 115.01 on 5.9 million shares.
VZ +2.50%, WBA +2.23%, led the DJIA, 21 advancers, -7
PCG +7.36%, AMD +4.83% and MCK +4.19%, led the SPX.
VRTX +4.81%, MXIM +4.16%, HSIC +3.33%, and MELI +2.96% led
the NDX.
Long term up
trend intact. 3-day short term trend is up.
Up: DIA, QQQ,
SPY,
Down: IWM
Breadth weakened
on Tuesday, as decliners led 1,808 to 1,130 on the NYSE
and decliners led 1,953 to 1,049 on the NASDAQ
The SPY
MFC green line turned up today and is at 25 and is short-term
bullish.
Uptrend sectors: XLRE, XLU, XLP,
Neutral sectors:
XLV, XLF, XLB, XLY, XLI,
Down trend sectors: XLE,
XLC, XLK,
The 6-month intermediate
trend is sideways. The ten-day trend is down.
3-month Intermediate Term Market Trend: Down
3-day Short Term Market Trend: Up
59 of 100 NDX stocks closed higher on Tuesday.
56
NDX stocks are above their 30
DMA. SBUX, WBA, TSLA, PEP, XLNX,
CMCSA, INTC, AAL, FOXA, MDLZ, ULTA, MNST, SYMC, FAST, MCHP, MYL, VRSK, CTXS,
XRAY, ADI, MAR, NXPI, MXIM, NTES, AMAT, HOLX, KLAC, PAYX, PCAR, AVGO, CSX, CTAS,
ORLY, VOD, WDAY, ADSK, AMGN, HSIC, ADP, ADSK, AMGN, CSCO, HSIC, ILMN, INCY,
LBTYA, LRCX, MELI, SIRI, TXN, WYNN, ALXN, CHTR, MSFT, VRTX, WDC,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 5
ALXN, CHTR, MSFT, VRTX, WDC,
Moving Below 30 DMA = 3
BMRN, HAS, SHPG,
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