QQQ, DIA Rise as SPY, IWM Slip...MU Down After-hours on Earnings Reaction...

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FOMC interest rate decision Wednesday at 2 pm ET.

MU -9.41% after-hours, on revenue miss and reduced sales guidance.  LRCX, AMAT, NXPI, NVDA, TXN, AVGO, QCOM and INTC are down in sympathy with MU’s weak guidance.

The DJIA, closed up 82 points at 23,675, led by strength in BA, GS, AAPL, HD and MMM.  This is the ninth close below 25,000 since Dec 6.

Six of eleven sectors were higher on Tuesday, led by real estate XLRE +0.99% and staples XLP +0.62%.

SPY down .28 at 255.08 on 96.6 million shares, 21% down average volume. Flat on lower volume.

VIX up 1.06 at 25.58 

Oil down 3.23 at 46.24

TLT up .43 at 119.60 on 10.0 million shares. 

BA +3.77%, GS +1.61%, led the DJIA, 14 advancers,

DRI +5.02%, FOSL +4.74% and NKTR +4.63%, led the SPX.

AAL +4.68%, NFLX +3.10%, TXN +2.85%, and ADSK +2.60% led the NDX.

Long term up trend intact.  3-day short term trend is down.

Up:  QQQ, DIA,

Down: SPY, IWM

Breadth strengthened on Tuesday, as decliners led 1,607 to 1,307 on the NYSE and led 1,875 to 1,180 on the NASDAQ

The SPY MFC green line is turned down at 16 and is short-term bearish.

Uptrend sectors:   XLU,

Neutral sectors:  XLRE, XLV, XLP, XLI, XLB, XLY, XLC, XLK,

Down trend sectors: XLF, XLE,

The 6-month intermediate trend is down.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Down

54 of 100 NDX stocks closed higher on Tuesday.

9 NDX stocks are above their 30 DMA.  FOXA, NTES, WDAY, REGN, AVGO, QCOM, DLTR, FB, PYPL,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 3

DLTR, FB, PYPL,

Moving Below 30 DMA = 2

VOD, XRAY, 

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