©
2020
NDX +95.64, +0.82%, closes at a new all-time closing
high as FB, GOOGL, AMZN, MSFT, ADBE, NVDA and PYPL close higher.
SPX +12.34, +0.36%, closes
at 3,443 on a breakout continuation to a new all-time closing high.
CRM, AMGN and HON
will replace
XOM, PFE and RTX in the DJIA before the open next Monday August 31.
Six of
eleven
sectors were higher on Tuesday, led by XLC,
XLV and XLK.
Communication Services leaders: FB, GOOGL, NWSA, ATVI,
Healthcare leaders: AMGN, REGN, MDT, MTD
Technology leaders: AMD, CRM, MU, MXIM
SPY up +1.20 at 344.12 on 38.4
million shares, below average volume, up on lower volume.
VIX down -0.34 at 22.03
MSFT, UNH, V led the DJIA, 9 advancers, -15
GPS, SJM, AMD, CRM led the SPX, 240 advancers
AMGN, SBUX, PDD, NTES led the NDX, 77 advancers
The two-year trend term is up. The one-year trend is up.
Up: QQQ, SPY, IWM,
Down: DIA,
Breadth was mixed on Tuesday
as decliners led 1,519 to 1,461 on the NYSE and advancers
led 2,005 to 1,347 on the NASDAQ
The SPY MFC green line turned
up at 96.8, is short-term
bullish. Price action is a BO
continuation and a new all-time closing 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
77 of 100 NDX stocks
closed higher on Tuesday.
71 NDX stocks are above their 30 DMA: AMZN, CDNS, IDXX, NVDA,
SWKS, AAPL, FAST, MELI, PYPL, TTWO, VRSK,
CHKP, COST, MNST, CHTR, CMCSA, CTSH, PCAR, AMD, CTAS, ISRG, LULU, ORLY, CPRT,
CSX, TCOM, QCOM. SBUX, KLAC, AVGO, FB, MSFT, NXPI, TMUS, DLTR, TXN, BKNG, ULTA,
MAR, PAYX, CERN, EXPE, ADBE, ANSS, EA, INTU, MSFT, PEP, TSLA, FOXA, ADSK,
ATVI, EBAY, GOOGL, NTES, SNPS, WDAY, ZM, MCHP, ADI, ASML, BIDU, KHC, MXIM,
ROST, ADP, AMAT, AMGN, DXCM, LBTYA, SPLK,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 6
ADP, AMAT, AMGN, DXCM, LBTYA,
SPLK,
Moving Below 30 DMA = 2
VRSN, XEL,
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2 comments:
Thank you, Dave!
Ben...You're welcome...Dave
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