Tuesday, January 7, 2020

SPX Pause Day Holds Above Monday's S1...After-hours Reaction to Missile Attack in Iraq...


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One of eleven sectors was higher on Tuesday, led by XLC, XLK and XLB.

SPY down .91 at 322.73 on 42.8 million shares, average volume.  Down on lower volume.
VIX down .06 at 13.79

BA, GS, JNJ led the DJIA, 6 advancers, -9
APA, M, AKAM led the SPX, 196 advancers
MU, WDC, MCHP, TCOM led the NDX, 49 advancers

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

Up:
Down: QQQ, SPY, IWM, DIA,

Breadth weakened on Tuesday as decliners led 1,652 to 1,290 on the NYSE and led 1,731 to 1,465 on the NASDAQ

The SPX MFC green line is above 80 and is pointed up at 91 and is short-term bullish

Uptrend sectors XLC, XLK, XLI, XLY, XLF, XLV, XLU, XLB, XLP,
Neutral sectors:  XLE, XLRE,
Down trend sectors:

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

3-month Intermediate Term Market Trend: Up
3-day Short Term Market TrendDown a little

49 of 100 NDX stocks closed higher on Tuesday.

79 NDX stocks are above their 30 DMA:  AAPL, SWKS, AMGN, SIRI, AMD, FOXA,  BMRN, MSFT, ADBE, ADSK, EA, LULU, MNST, WLTW, CERN, SBUX, MDLZ, VRSK, GOOGL, ADI, ASML, MCHP, NXPI, TXN, ATVI, JD, NVDA, TSLA, ULTA, VRSN, EXPE, MU, AMAT, BIDU, BKNG, CSX, LRCX, MXIM, PYPL, QCOM, WDC, XLNX, CTAS, EBAY, KLAC, TCOM, CDNS, INTU, XEL, AMZN, CSCO, EXC, FB, NFLX, ALGN, SNPS, CHTR, IDXX, INTC,  ROST, CMCSA, ANSS, CDW, CPRT, CSGP, SPLK, TMUS, NTES, CTXS, MELI, WBA, WDAY, FISV, ILMN, LBTYA, REGN, TTWO, VRTX, NTAP,


NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 1
NTAP,  

Moving Below 30 DMA = 3
ADP, ISRG, MAR,


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