SPX Continues Higher Led by Energy, Materials, Industrial Sectors...ZM Down on EPS in After-hours...

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NDX +58.42, +0.61%, and SPX +25.09, +0.82%, opened higher and closed higher continuing their 10-week uptrend. The NDX continued above short-term horizontal resistance and is less than 100 points from its all-time closing high on Feb 19.  The SPX broke out above short-term resistance.

ZM -3.48, -1.67%, reported EPS after the close and initially was up but then reversed and traded lower.

All eleven sectors were higher on Tuesday, led by XLE, XLB and XLI

SPY up 2.53 at 308.08 on 74.2 million shares, below average volume, up on higher volume.

VIX down 1.39 at 26.84.

DOW, AXP, CAT led the DJIA, 26 advancers, +9

WU, FOSL, EFX, GPS led the SPX, 391 advancers

QCOM, ALGN, TXN, SWKS led the NDX, 75 advancers

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

Up: DIA, SPY, IWM, QQQ

Down:

Breadth strengthened on Tuesday as advancers led 2,175 to 738 on the NYSE and led 2,079 to 1,231 on the NASDAQ

The SPX MFC green line is pointed up at 95 and is short-term bullish.  Price action is a breakout continuation.

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

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

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

75 of 100 NDX stocks closed higher on Tuesday.

91 NDX stocks are above their 30 DMA:  SGEN, AMZN, CDNS, TTWO, ATVI, CSCO, EA, ILMN, KHC, AVGO, CHTR, IDXX, ISRG, KLAC, LULU, MSFT, MXIM, NVDA, ORLY, SNPS, SWKS, ADI, FB, QCOM, SBUX, AAPL, ADSK, EBAY, FAST, GOOGL, INTU, LBTYA, MCHP, MELI, MNST, PYPL, SPLK, WDAY, ADBE, ALGN, TSLA, BMRN, VRSK, FISV, CPRT, ZM, AMAT, JD, NTES, TMUS, CHKP, CSX, CTAS, EXPE, FOXA, INTC, LRCX, ADI, ANSS, AVGO, BKNG, CDW, CMCSA, CSX, DLTR, INTC, MAR, MXIM, NXPI, PCAR, ROST, TXN, XLNX, INCY, PAYX, ULTA, WDC, EXC, AAL, ALXN, MU, SIRI, TCOM, UAL, ADP, VRTX, CERN, COST, MDLZ, REGN, VRSN, XEL, WBA, NXPI, PEP, NTAP,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 1

NTAP,

Moving Below 30 DMA = 1

CTXS,

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