Stocks Rally on Election Day...

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NXPI replaced CA in the Nasdaq 100, Monday Nov. 5 before the open.

Earnings season continued on Tuesday. Positive reactions included MYL, USFD, MOS, MLM, SYNH, ATUS, ZBRA, AES and BKN.  Negative reactions: NKTR, BR, RL, MAR

The DJIA, closed up 173 points at 25,635, led by strength in BA, IBM, CAT, UNH and MCD.  This is the fifth close above 25,000 in five days.

All eleven sectors was higher on Tuesday, led by materials XLB +1.64% and industrials XLI +1.05%.

SPY up 1.73 at 275.12, on 60.0 million shares, 49% below average volume. Up on lower volume.

VIX down .05 at 19.91 

Oil down .92 at 61.77

TLT down .07 at 112.37 on 3.1 million shares. 

IBM +2.55%, CAT +2.31%, led the DJIA, 22 advancers, -2.

MOS +10.61%, MLM +8.42%and TRIP +7.06%, led the SPX.

MYL +16.13%, SYMC +12.59%, BKNG +4.19%, and SIRI +3.76% led the NDX.

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

Up: QQQ, DIA, SPY, IWM

Down:

Breadth strengthened on Tuesday, as advancers led 1,827 to 1,088 on the NYSE and led 1,846 to 1,151 on the NASDAQ

The SPY MFC green line is pointed up at 39 and is short-term bullish.

Uptrend sectors:   XLU, XLP,

Neutral sectors:  XLV, XLRE,

Down trend sectors: XLK, XLY, XLI, XLF, XLE, XLC, XLB,

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

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Up

73 of 100 NDX stocks closed higher on Tuesday.

42 NDX stocks are above their 30 DMA.  SBUX, WBA, CDNS, TSLA, PEP, XLNX, ROST, CMCSA, DLTR, ESRX, EXPE, INTC, QRTEA, SHPG, CHTR, COST, MELI, TMUS, AAL, ADI, BKNG, FOXA, INCY, LRCX, MDLZ, NTES, SIRI, STX, ULTA, MNST, NXPI, PYPL, SYMC, CSCO, FAST, HAS, HOLX, KLAC, MCHP, MYL, VRSK, WDAY,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 9

CSCO, FAST, HAS, HOLX, KLAC, MCHP, MYL, VRSK, WDAY,

Moving Below 30 DMA = 4

HSIC, INTU, JD, MAR,

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