Stocks Start Lower End Higher after WMT Earnings Surprise to the Upside...

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Setups

Bull Flag = ADBE, EXPE, LULU, HBO = NFLX

                    (click image to enlarge)

The DJIA, closed up 8 points at 25,891, led by strength in WMT, PG, WBA, DIS and UTX. 

Nine of eleven sectors were higher on Tuesday, led by materials XLB +0.62% and utilities XLU +0.59%.

SPY up .48 at 277.85 on 59.0 million shares, 30% below average volume. Up on lower volume.

VIX down .03 at 14.88

Oil up .23 at 56.43

TLT up .31 at 122.29 on 5.8 million shares. 

WMT +2.21%, PG +1.53%, led the DJIA, 14 advancers, -14

PCG +14.60%, FCX +6.60% and NBL +4.68%, led the SPX.

WYNN +3.09%, JD +2.84%, NFLX +1.42%, and BIDU +1.41% led the NDX.

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

Up: IWM, QQQ, SPY, DIA,

Down:

Breadth weakened on Tuesday, as advancers led 1,850 to 1,037 on the NYSE and led 1,886 to 1,175 on the NASDAQ

The SPY MFC green line is in the upper zone at 97 and is short-term bullish.

Uptrend sectors: XLRE, XLC, XLI, XLU,

Neutral sectors:  XLK, XLY, XLV, XLP, XLB, XLF, XLE,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Up

50 of 100 NDX stocks closed higher on Tuesday.

90 NDX stocks are above their 30 DMA:  DLTR, REGN, WDAY, XRAY, ROST, LULU, CELG, INCY, NFLX, CDNS, CTRP, EBAY, FB, PCAR, PYPL, TMUS, WYNN, XLNX, CTAS, MELI, TXN, ULTA, VRSN, ADBE, ADSK, INTU, MCHP, ADI, AMAT, AVGO, ISRG, KLAC, LRCX, NXPI, SNPS, FAST, JBHT, MDLZ, MNST, PAYX, SWKS, WLTW, CSX, ALXN, CTSH, EXPE, GOOGL, IDXX, KHC, MXIM, NTAP, VRSK, ALGN, ADP, CHKP, CSCO, FISV, MU, SBUX, ASML, FOXA, LBTYA, BKNG, CERN, CMCSA, JD, MAR, AAL, SYMC, UAL, WDC, BIDU, MYL, AAPL, AMD, ORLY, PEP, CHTR, NVDA, INTC, CTXS, MSFT, EA, COST, HSIC, VRTX, WBA, BIIB, ILMN, SIRI,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 0

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