QQQ, SPY Pull Back as DIA Pauses...GS, JPM Rises after Strong EPS...

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The DJIA, closed down 23 points at 27,335, led by weakness in JNJ, MSFT, HD, UNH and V.  Closing above 27,000 for the fourth time. 

Three of eleven sectors were higher on Tuesday, led by industrials XLI +0.64% and materials XLB +0.24%. 

SPY down 1.04 at 299.71 on 40.5 million shares, 32% below average volume.  Down on higher volume.

VIX up .18 at 12.86

Oil down 1.83 at 57.48

TLT down .39 at 130.58 on 6.1 million shares. 

DOW +2.73%, MMM +2.11%, led the DJIA, 10 advancers, -12

SCHW +3.30%, WHR +3.25% and ALK +3.24%, led the SPX.

JBHT +5.56%, SYMC +3.20%, UAL +2.85% and FAST +1.96% led the NDX.

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

Up:  

Down: IWM, DIA, SPY, QQQ,

Breadth weakened on Tuesday, as advancers led 1,474 to 1,385 on the NYSE and decliners led 1,656 to 1,385 on the NASDAQ

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

Uptrend sectors: XLP, XLY, XLK, XLC, XLRE, XLU, XLV, XLF, XLI, XLB,

Neutral sectors:  XLE,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Sideways

31 of 100 NDX stocks closed higher on Tuesday.

79 NDX stocks are above their 30 DMA:  PEP, CERN, CTAS, CHTR, IDXX, TTWO, MELI, MDLZ, WLTW, COST, HAS, SBUX, VRSN, EXPE, FISV, INTU, PCAR, PYPL, SNPS, MSFT, MXIM, ROST, BKNG, CTSH, EBAY, MAR, AAPL, ADI, AMZN, CDNS, DLTR, INTC, WBA, CTXS, UAL, AAL, ATVI, LULU, SIRI, FB, TSLA, ADBE, SYMC, AMAT, ASML, AVGO, JD, KLAC, MCHP, NFLX, NVDA, SWKS, TXN, WYNN, XLNX, MNST, QCOM, WDC, MYL, AMD, CTRP, MU, CHKP, FOXA, VRSK, ADSK, CMCSA, GOOGL, WDAY, CSCO, ORLY, ULTA, LRCX, HSIC, TMUS, CSX, JBHT, NXPI, PAYX,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 8

ADP, BIDU, BIIB, BMRN, GILD, ISRG, KHC, XRAY,

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