SPX, DJI, NDX Inch to New Closing High on Trading Range Pause Day...FDX Drops After-hours...

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Five of eleven sectors were higher on Tuesday, led by XLY, XLF and XLU.

SPY up .07 at 319.57 on 61.1 million shares, above average volume.  Up on higher volume.

VIX up .15 at 12.29

GS, JNJ, AXP led the DJIA, 14 advancers, -10

SWN, ALB, MOS led the SPX, 263 advancers

NFLX, ULTA, KLAC, LRCX led the NDX, 51 advancers

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

Up: IWM, DIA, QQQ, SPY,

Down:                                                                  

Breadth weakened on Tuesday as advancers led 1,845 to 1,104 on the NYSE and led 1,787 to 1,405 on the NASDAQ

The SPX MFC green line is above 80 and is pointed up at 93 and is short-term bullish. 

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

Neutral sectors:  XLE, 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

51 of 100 NDX stocks closed higher on Tuesday.

80 NDX stocks are above their 30 DMA:  AAPL, SWKS, AMGN, REGN, FAST, NTES, PCAR, SIRI, AMD, INCY, VRTX, ISRG, FOXA, MAR, AVGO, BMRN, MSFT, ADBE, ADSK, EA, FISV, LULU, MNST, WLTW, MELI, CERN, ILMN, GILD, ROST, SBUX, HAS, MDLZ, MYL, PEP, VRSK, GOOGL, ADI, ASML, MCHP, NTAP, NXPI, TXN, ATVI, JD, NVDA, TSLA, ULTA, VRSN, EXPE, MU, TTWO, AMAT, BIDU, BKNG, CSX, FAST, LRCX, MXIM, PYPL, QCOM, WDC, XLNX, BIIB, CTAS, EBAY, KLAC, PAYX, TCOM, WYNN, ADP, CDNS, INTU, XEL, AMZN, CSCO, EXC, FB, KHC, NFLX, IDXX, ORLY,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 2

IDXX, ORLY,

Moving Below 30 DMA = 4

ALGN, ALXN, CTXS, INTC,

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