NDX All-time Closing High as SPX Churns at March Resistance...

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NDX +79.39.69, +0.78%, and SPX +13.43, +0.65%.  SPX gapped up and traded in a ranged as AAPL, AMZN, FB, MSFT, ADBE and PYPL rose to new all-time highs.  

Eight of eleven sectors were higher on Tuesday, led by XLY, XLK and XLC

Discretionary leaders:  MHK, DRI, NCLH, RCL

Tech leaders:  ADS, CTSH, ACN

Communication Services leaders:  IPG, OMC, LYV,

SPY up 1.43, at 312.05 on 68.0 million shares, below average volume, up on lower volume.

VIX down .40 at 31.37

NKE, AAPL, UNH led the DJIA, 14 advancers, -2

MHK, SYY, DRI, NCLH led the SPX, 257 advancers

EXPE, NTES, BKNG ALGN led the NDX, 63 advancers

The two-year trend term is up.  The one-year trend is up.

Up: QQQ, SPY, DIA, IWM,

Down:

Breadth strengthened slightly on Tuesday as advancers led 1,700 to 1,256 on the NYSE and led 1,858 to 1,515 on the NASDAQ

The SPX MFC green line is flat at 75 and is short-term bullish.  Price action is a 5-day bull flag, bounce and a 5-day pause closing above the HOLD.

Uptrend sectors:  XLY, XLK, XLV, XLC, XLB, XLI, XLF, XLRE, XLE,

Neutral sectors:  XLU, XLP,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Sideways

63 of 100 NDX stock closed higher on Tuesday.

81 NDX stocks are above their 30 DMA:  AMZN, CDNS, KHC, AVGO, IDXX, ISRG, KLAC, LULU, MSFT, NVDA, ORLY, SNPS, SWKS, FB, QCOM, AAPL, ADSK, EBAY, FAST, GOOGL, MCHP, MELI, MNST, PYPL, SPLK, WDAY, ADBE, ALGN, TSLA, BMRN, VRSK, CSGP, ZM, AMAT, JD, NTES, TMUS, CTAS, EXPE, ADI, LRCX, ASML, AVGO, BKNG, CDW, DLTR, MXIM, PCAR, TXN, XLNX, PAYX, ALXN, MU, SIRI, REGN, XEL, NXPI, EA, TTWO, ADP, ATVI, ILMN, LBTYA, ANSS, CTXS, DXCM, MDLZ, CERN, INTU, NFLX, SGEN, WBA, VRTX, AMGN, INCY, GILD, DOCU, TCOM, CTSH, PEP,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 2

CTSH, PEP,

Moving Below 30 DMA = 3

AMD, CHTR, WDC,

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