SPX Grinds Again...FOMC Wed 2 pm ET...AAPL Beats +4.25% After-hours......

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Earnings season continued today with PG, ZBRA and MLM with positive EPS reactions today.  After the close AAPL +8.87, +4.25% beat on revenue and EPS.  FOMC announcement Wednesday at 2:00 pm ET.  A .25% rate cut is expected Wednesday.  The June Jobs Report on Friday.

MU and WDC triggered a bull flag bounce today.   

The DJIA, closed down 23 points at 27,198, led by weakness in PFE, MCD, V, CAT and DIS.  Closing above 27,000 for the fourteenth straight day. 

Five of eleven sectors were higher on Tuesday, led by energy XLE +1.13% and real estate XLRE +0.99%. 

SPY down .74 at 300.72 on 45.8 million shares, 17% below average volume.  Down on higher volume.

VIX up 1.11 at 13.94

Oil up 1.29 at 58.34

TLT up .32 at 131.83 on 6.2 million shares. 

PG +3.80%, BA +2.13%, led the DJIA, 10 advancers, -8

SWN +14.66%, NOV +11.32% and MLM +9.98%, led the SPX.

INCY +6.44%, ALGN +3.67%, MYL +3.13% and TSLA +2.75% led the NDX.

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

Up: IWM,

Down: DIA, SPY, QQQ,

Breadth weakened on day, as advancers led 1,725 to 1,194 on the NYSE and led 1,877 to 1,171 on the NASDAQ

The SPY MFC green line is pointed up in the upper zone at 94.7 and is short-term bullish. 

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

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: Up a Little

40 of 100 NDX stocks closed higher on Tuesday.

63 NDX stocks are above their 30 DMA:  CTAS, IDXX, TTWO, WLTW, COST, HAS, SBUX, EXPE, FISV, INTU, SNPS, MSFT, MXIM, ROST, BKNG, CTSH, AAPL, ADI, CDNS, INTC, UAL, LULU, SIRI, ADBE, AMAT, ASML, AVGO, KLAC, MCHP, NVDA, SWKS, TXN, WYNN, XLNX, WDC, AMD, CTRP, MU, FOXA, VRSK, CMCSA, GOOGL, LRCX, TMUS, JBHT, NXPI, ISRG, EBAY, KHC, MELI, BIIB, MAR, MNST, WBA, ATVI, PAYX, CERN, MYL, FAST, FB, INCY, REGN, TSLA,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 5

FAST, FB, INCY, REGN, TSLA,

Moving Below 30 DMA = 9

ADP, CSCO, GILD, JD, MDLZ, ORLY, PCAR, QCOM, VRSN,

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