© 2020
SPX: 3,357.75, Nasdaq 100: 9,517.86, Nasdaq Composite: 9,638.94, made new all-time closing highs again today. As Dave mentors live each day: “Trade with the trend as long as it continues.”
Eight of eleven sectors were higher on Tuesday, led by XLRE, XLE and XLY.
SPY up .58 at 335.26 on 54.8 million shares, below average volume. Up on higher volume.
VIX up .14 at 15.18
INTC, MMM, CAT led the DJIA, 16 advancers, -7
SBAC, DISH, FTI led the SPX, 369 advancers
TMUS, LBTYA, XLNX, AAL led the NDX, 65 advancers
Long term up trend intact. 3-day short term trend is up.
Up: IWM, SPY, QQQ,
Down: DIA
Breadth strengthened on Tuesday as advancers led 2,021 to 916 on the NYSE and led 2,006 to 1,195 on the NASDAQ
The SPX MFC green line is above 80 and is pointed up at 94 and is short-term bullish.
Uptrend sectors: XLK, XLP, XLY, XLF, XLI, XLU, XLRE, XLC, XLV,
Neutral sectors: XLB,
Down trend sectors: XLE,
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
65 of 100 NDX stocks closed higher on Tuesday.
73 NDX stocks are above their 30 DMA: AAPL, MSFT, ADBE, ADSK, LULU, MNST, WLTW, VRSK, GOOGL, TSLA, ULTA, CSX, PYPL, CTAS, CDNS, INTU, XEL, EXC, NFLX, SNPS, INTC, ANSS, CPRT, CSGP, SPLK, CTXS, WDAY, FISV, VRTX, PAYX, COST, CHKP, PEP, AMZN, MDLZ, CHTR, ADP, CTSH, GILD, JD, LRCX, NTES, WDC, AAL, AMAT, AMD, ASML, CERN, EBAY, FAST, MXIM, NVDA, NXPI, TMUS, AVGO, BIIB, BMRN, CSCO, MU, REGN, ROST, SGEN, TXN, ATVI, IDXX, MCHP, SIRI, ADI, BIDU, ISRG, LBTYA, MAR, QCOM,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 6
ADI, BIDU, ISRG, LBTYA, MAR, QCOM,
Moving Below 30 DMA = 1
MELI,
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