Energy, Financials Lead Bull Flag Bounce Day 1...

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The DJIA, closed up 140 points at 25,657, led by strength in MMM, DIS, V, GS and JNJ. 

All eleven sectors were higher on Tuesday, led by energy XLE +1.44% and financials XLF +1.19%.

SPY up 2.08 at 281.12 on 68.1 million shares, 15% below average volume. Up on lower volume.

VIX down 1.65 at 14.68

Oil up .96 at 60.04

TLT down .09 at 124.97 on 7.5 million shares. 

DIS +2.18%, MMM +1.98%, led the DJIA, 25 advancers, +13

VIAB +7.64%, CBS +3.93% and ADS +3.58%, led the SPX.

BIIB +5.74%, ALXN +3.40%, VRTX +3.30%, and TSLA +2.82%, led the NDX.

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

Up: IWM, SPY, DIA, QQQ

Down:

Breadth strengthened on Tuesday, as advancers led 2,122 to 756 on the NYSE and led 2,026 to 1,008 on the NASDAQ

The SPY MFC green line moved below the upper zone, pointed down at 78 and is short-term counter-trend.  Watch for bull flag bounce.

Uptrend sectors: XLRE, XLU, XLC, XLK, XLI, XLY, XLP,

Neutral sectors:  XLB, XLV, XLF, XLE,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

82 of 100 NDX stocks closed higher on Tuesday.

65 NDX stocks are above their 30 DMA:  CDNS, CTRP, PYPL, TMUS, XLNX, MELI, ULTA, VRSN, INTU, KLAC, SNPS, MDLZ, PAYX, WLTW, CSX, ALXN, GOOGL, VRSK, ADP, CHKP, CSCO, FOXA, CMCSA, JD, AAPL, PEP, CHTR, INTC, MSFT, COST, QCOM, XRAY, DLTR, ILMN, ISRG, AMZN, INCY, NVDA, SYMC, ASML, NTAP, SBUX, ATVI, IDXX, NTES, TTWO, LRCX, ALGN, AMAT, AVGO, MAR, ORLY, AMD, EBAY, WDAY, EA, FISV, ADBE, ALXN, FB, ADI, AMGN, CELG, TXN, VRTX,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 5

ADI, AMGN, CELG, TXN, VRTX,

Moving Below 30 DMA = 2

LBTYA, NFLX, 

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