NDX New Closing High as SPX Inches to All-time Closing High...

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NDX +110.46, +0.98%, horizontal breakout hits new all-time closing high on strength in AMZN, TSLA, GOOGL, AAPL, MSFT and FB.

SPX +7.79, +0.22%, closes at 3389.78, 3.63 above its previous closing high of 3,386.15 and hit 3,395.06 intraday less than two points above its all-time intraday high of 3,393.52. 

TGT, LOW, TJX and ADI report earnings before the open on Wednesday.

Four of eleven sectors were higher on Tuesday, led by XLC, XLY and XLP.

Communication Services leaders:  GOOGL, NFLX, EA, ATVI

Consumer Discretionary leaders:  AMZN, CMG, BKNG, YUM

Consumer Staples leaders:  STZ, MDLZ, PM, HSY

SPY up +.73 at 338.64 on 38.7 million shares, below average volume, up on higher volume.

VIX up +0.16 at 21.51

NKE, AAPL, MCD led the DJIA, 11 advancers, 0

MCHP, CRM, ADBE, GOOGL led the SPX, 248 advancers

JD, AMZN, LBTYA, ZM led the NDX, 49 advancers

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

Up: QQQ, SPY,

Down: DIA, IWM,

Breadth weakened on Tuesday as decliners led 1,817 to 1,171 on the NYSE and led 2,125 to 1,259 on the NASDAQ

he SPX MFC green line is turned up at 96.8 and is short-term bullish.  Price action is a HBO to an all-time high.

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

Neutral sectors:  XLU, XLRE, XLF, XLE,

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

49 of 100 NDX stocks closed higher on Tuesday.

75 NDX stocks are above their 30 DMA:  AMZN, CDNS, IDXX, NVDA, SWKS, AAPL, FAST, MELI, PYPL, MXIM, LRCX, TTWO,  AMGN, VRSK, CHKP, COST, MNST, CHTR, CMCSA, CTSH, KHC, PCAR, AMD, CTAS, ISRG, LULU, ORLY, XEL, CPRT, CSX, TCOM, SIRI, AMAT, BIIB, QCOM. ROST, SBUX, KLAC, AVGO, FB, MSFT, NXPI, TMUS, DLTR, TXN, ALGN, BKNG, ULTA, MAR, PAYX, WBA, CERN, EXPE, ADBE, ANSS, EA, INTU, MSFT, PEP, TSLA, FOXA, FISV,ADI, ADSK, ASML, ATVI, BIDU, DOCU, DXCM, EBAY, GOOGL, NTES, SNPS, WDAY, ZM, MCHP,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 1

MCHP,  

Moving Below 30 DMA = 2

WBA, XLNX,

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