Futures Lower After Reports on Coronavirus in China...SPX Pauses on Tuesday...

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Earnings Season Day 5.  This morning two more SP 500 companies reported.

Gainers:

Decliners: CMA, HAL

                                                                                                                                              

Four of eleven sectors were higher on Tuesday, led by XLRE, XLU and XLP.

SPY down .65 at 331.30 on 77.7 million shares, above average volume.  Down on lower volume.

VIX up .75 at 12.85

INTC, V, UNH led the DJIA, 12 advancers, -6

ABMD, CTL, LEN led the SPX, 208 advancers

TSLA, COST, MU, CSGP led the NDX, 41 advancers

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

Up:

Down: QQQ, SPY, DIA, IWM,

Breadth weakened on Tuesday as decliners led 1,786 to 1,160 on the NYSE and decliners led 2,022 to 1,221 on the NASDAQ

The SPX MFC green line is above 80 and is flat at 97 and is short-term bullish. 

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

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

41 of 100 NDX stocks closed higher on Tuesday.

80 NDX stocks are above their 30 DMA:  AAPL, SWKS, AMD, FOXA,  BMRN, MSFT, ADBE, ADSK, EA, LULU, MNST, WLTW, CERN, SBUX, MDLZ, VRSK, GOOGL, ASML, MCHP, NXPI, TXN, ATVI, JD, NVDA, TSLA, ULTA, VRSN, MU, AMAT, BIDU, CSX, LRCX, MXIM, PYPL, QCOM, WDC, XLNX, CTAS, EBAY, KLAC, TCOM, CDNS, INTU, XEL, AMZN, CSCO, EXC, FB, NFLX, SNPS, CHTR, IDXX, INTC,  ROST, CMCSA, ANSS, CPRT, CSGP, SPLK, TMUS, NTES, CTXS, MELI, WDAY, FISV, TTWO, VRTX, ADP, PAYX, COST, ISRG, ALXN, CHKP, PEP, SIRI, CTSH, ADI, EBAY, ORLY, ILMN,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 1

ILMN,

Moving Below 30 DMA = 10

AAL, ALGN, AMGN, BKNG, EXPE, FAST, MAR, NTAP, REGN, UAL,

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