NDX/QQQ New High Close...SPX/SPY Breakout...

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Earnings Season Day 15.  Monday AMC 6 and Tuesday BMO 16 more SP 500 companies reported.

Gainers: RL, ETN, ZBH, CLX, MCK, SPG, J, HP, ARE, RCL, LHX, LEG, EMR, +13

Decliners: IT, COP, HIG, WAT, GOOG, GOOGL, TDG, CNC, CMI -9

Ten of eleven sectors were higher on Tuesday, led by XLK, XLI and XLY.           

SPY up 4.94 at 329.06 on 62.5 million shares, average volume.  Up on lower volume.

VIX down 1.92 at 16.05

AAPL, MSFT, CAT led the DJIA, 27 advancers, +6

ALB, TXT, RL led the SPX, 423 advancers

TSLA, EBAY, AMAT, LRCX led the NDX, 93 advancers

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

Up: QQQ, SPY, IWM, DIA,

Down:

Breadth strengthened on Wednesday as advancers led 2,104 to 833 on the NYSE and led 2,265 to 954 on the NASDAQ

The SPX MFC green line is below 80 and turned up at 49 and is short-term bullish. 

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

Neutral sectors:  XLB,

Down trend sectors: XLE,

The 6-month intermediate trend is up.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up a little

93 of 100 NDX stocks closed higher on Tuesday.

63 NDX stocks are above their 30 DMA:  AAPL, MSFT, ADBE, ADSK, LULU, MNST, WLTW, VRSK, GOOGL, TSLA, ULTA, VRSN, CSX, PYPL, CTAS, CDNS, INTU, XEL, EXC, NFLX, SNPS, INTC, ANSS, CPRT, CSGP, SPLK, CTXS, MELI, WDAY, FISV, VRTX, PAYX, COST, CHKP, PEP, AMZN, MDLZ, CHTR, ADP, CTSH, FOXA, GILD, IDXX, JD, LRCX, NTES, SIRI, WDC,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 15

AAL, AMAT, AMD, ASML, CERN, EBAY, EXPE, FAST, KLAC, MAR, MXIM, NVDA, NXPI, TMUS, TTWO,

Moving Below 30 DMA = 0

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