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The DJIA, closed down 190 points at 26,150, led by weakness in BA, CAT, MMM, HD and GS. Seventh
straight close above 26,000 since March 1.
Two of eleven sectors were higher on Tuesday, led by communication
services XLC +0.44% and
utilities XLU +0.24%.
SPY down 1.48 at 287.31 on 66.1 million shares, 10%
below average volume. Down on higher volume.
VIX up 1.10 at 14.28
Oil down .24 at 64.22
TLT up .39 at 123.98 on 7.0 million
shares.
DIS +1.65%, KO +0.26%, led the DJIA, 5 advancers, -13
CPB +2.49%, CNC +2.19% and TRIP
+1.55%, led the SPX.
CERN +10.30%, MNST +3.05%, WDAY +1.97%, and FB +1.51%, led the NDX.
Long term up
trend intact. 3-day short term trend is sideways.
Up:
Down: QQQ, SPY, DIA, IWM,
Breadth weakened
on Tuesday, as decliners led 2,169 to 697 on the NYSE and led 2,201 to 805 on
the NASDAQ
The SPY
MFC green line is pointed down at 95 and is intermediate term bullish, short-term counter-trend defensive.
Uptrend sectors: XLRE, XLU, XLP, XLY, XLK, XLI, XLC,
XLB,
Neutral sectors:
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: Sideways
25 of 100 NDX stocks closed higher on Tuesday.
88
NDX stocks are above their 30
DMA: CDNS,
CTRP, PYPL, XLNX, MELI, ULTA, VRSN, INTU, KLAC, SNPS, MDLZ, PAYX, WLTW, CSX,
ALXN, GOOGL, VRSK, ADP, CHKP, CSCO, FOXA, CMCSA, JD, AAPL, PEP, INTC, MSFT,
COST, QCOM, XRAY, DLTR, ISRG, AMZN, NVDA, SYMC, NTAP, SBUX, ATVI, IDXX, NTES,
TTWO, ALGN, AVGO, ORLY, AMD, EBAY, FISV, ADBE, ALXN, FAST, ILMN,
LULU, MAR, PCAR, AMAT, AMGN, ASML, CELG, CERN, CTSH, FB, GILD, HSIC, LRCX, MU,
ROST, SWKS, ADI, ADSK, BIDU, CTAS, MCHP, MXIM, NFLX, NXPI, TXN, WDC, WYNN,
AAL, BKNG, JBHT, LBTYA UAL, KHC, SIRI, CHTR, VRTX, EXPE,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 0
Moving Below 30 DMA = 2
BMRN, HAS, (both
stocks moved above 30 DMA last week)
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