SPX in Bull Flag Pullback, All Sectors Down, Breadth Weakens, CMG, TXN Rise After-hours...

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The SPX -86.60, -3.07% gapped lower Tuesday morning as oil prices continued falling Monday evening.  After the open the SPX continued lower until midday and traded in a trading range in the afternoon. 

After the close TXN +3.16, +2.96%, CMG +45.31, +2.73% NFLX +0.57, +0.13% rose on positive EPS reactions.

All eleven sectors were lower on Tuesday for the second day in a row, led by XLRE, XLU and XLE

SPY down 8.55 at 273.04 on 125.9 million shares, below average volume, down on higher volume.

VIX up 1.58 at 45.41

TRV, WMT, XOM led the DJIA, 0 advancers, -2

SWN, HP, FLIR, EFX led the SPX, 31 advancers

UAL, TTWO, MAR, EBAY led the NDX, 3 advancers

The two-year trend term is up.

A new uptrend has emerged following a higher low W pattern reversal. 3-day short term trend is a bull flag pullback and is down.

Up:

Down: IWM, DIA, SPY, QQQ,

Breadth weakened on Tuesday as decliners led 2,366 to 589 on the NYSE and led 2,468 to 795 on the NASDAQ

The SPX MFC green line is pointed up at 71.7 and is a short-term bullish while price action is a bull flag counter-trend pullback.

Uptrend sectors:  XLV, XLP, XLK, XLY, XLB, XLC,

Neutral sectors:  XLU, XLRE, XLI, XLF, XLE,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Down

3 of 100 NDX stocks closed higher on Tuesday.

82 NDX stocks are above their 30 DMA:  CTXS, SGEN, AMZN, CDNS, NFLX, REGN, TTWO, VRTX, ALXN, NTES, INCY, AMGN, ATVI, CHKP, CSCO, EA, ILMN, INTC, KHC, VRSN, XLNX, AMD, ANSS, AVGO, CHTR, COST, CSX, IDXX, ISRG, JD, KLAC, LULU, MDLZ, MSFT, MXIM, NVDA, ORLY, PCAR, PEP, SNPS, SWKS, TMUS, TXN, ADI, FB, LRCX, QCOM, SBUX, WLTW, AAPL, ADP, ADSK, AMAT, BIIB, CDW, CERN, CTSH, EBAY, FAST, FOXA, GOOGL, INTU, LBTYA, MCHP, MELI, MNST, PYPL, ROST, SPLK, ULTA, WDAY, XEL, ADBE, ALGN, TSLA, BMRN, GILD, BIDU, DLTR, VRSK, PAYX,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 1

MAR, 

Moving Below 30 DMA = 10

BKNG, CMCSA, CSGP, EXC, EXPE, FISV, MU, NTAP, NXPI, SIRI,

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