© 2019
BBY +7.32, +9.86% gained on a positive
EPS reaction.
SPY,
QQQ and DIA closed at new all-time closing highs for the
second straight day.
DJIA closed up 55 at 28,121 led by strength in HD, MCD, DIS, PG and TRV. Closing
above 28,000 for the second straight day.
Eight of eleven sectors were higher on Tuesday, led by XLRE, XLP and XLY.
SPY up .71 at 314.08 on 37.7 million shares, below average volume and the fifth
lowest volume of 2019. Up on lower
volume.
VIX down .33 at 11.54
Oil up .41 at 58.32
TLT up .82 at 141.13 on 4.2 million shares
GLD up .66 at 137.74
MRK, PG, DIS led the DJIA, 17 advancers, -5
BBY, DLPH, CMG led the SPX, 299 advancers
INTU, NTES, CTAS, ULTA led the NDX, 62 advancers
Long term up
trend intact. 3-day short term trend is up.
Up: SPY,
DIA, QQQ, IWM,
Down:
Breadth weakened
on Tuesday as advancers led 1,585 to 1,348 on the NYSE and
decliners led 1,597 to 1,564 on the NASDAQ
The SPX
MFC green line is above 80, pointed up at 93 and is short-term
bullish.
Uptrend sectors: XLK, XLV, XLC, XLP, XLF, XLI, XLB,
Neutral sectors:
XLY, XLE, XLU, XLRE,
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
62 of 100 NDX stocks
closed higher on Tuesday.
79 NDX stocks are above their 30 DMA: AAPL, ASML, CTXS,
ALGN, CELG, CHTR, NVDA, SWKS, TSLA, INTC, ISRG, ORLY, AMGN, REGN,
FAST, GOOGL, NTES, PCAR, SIRI, AMD, INCY, VRTX, ISRG, NTAP, QCOM, WBA, FOXA,
BIIB, KHC, ALXN, FB, MAR, AMAT, AVGO, BMRN, MSFT, NFLX, CHKP, NXPI,
HSIC, ADBE, ADSK, CTSH, BIDU, CDNS, EA, FISV, LULU, ADP, MNST, WLTW,
PAYX, VRSN, WDAY, MELI, CERN, ILMN, GILD, JD, ADI, TCOM, UAL, WYNN, AMZN,
CSX, JBHT, LRCX, PYPL, ROST, SBUX, SNPS, COST, HAS, INTU, MCHP, MDLZ, MYL, PEP,
VRSK,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 8
COST, HAS, INTU, MCHP, MDLZ, MYL,
PEP, VRSK,
Moving Below 30 DMA = 2
DLTR, MU,
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