©
2020
NDX +182.17, +1.50%, closed at a new all-time high on
strength in AAPL, NVDA, NFLX, AMZN, GOOGL, ADBE, PYPL and MSFT. AAPL, NVDA, AMZN, GOOGL, PYPL, ZM and
DOCU also rose to new all-time closing highs.
SPX +26.34, +0.75%, closes
at 3,526 a new all-time closing high.
Seven
of eleven
sectors were higher on Tuesday, led by XLB,
XLK, XLY and XLI.
Basic Materials leaders: ALB, WRK, DOW, LYB
Technology leaders: AAPL, AVGO, NVDA, NOW
Consumer Discretionary leaders: LB, CMG,
UAA, LEN
Industrials leaders: DE, WAB, URI, IR
SPY up +2.47 at 352.60 on
54.9 million shares, above average volume, up on lower volume.
VIX down -.29 at 26.12
WMT, DOW, AAPL led the DJIA, 17 advancers, +10
LB, ALB, WRK, EMN led the SPX, 295 advancers
ZM, DOCU, NFLX, JD led the NDX, 66 advancers
The two-year trend term is up. The one-year trend is up.
Up: QQQ, IWM, SPY, DIA,
Down:
Breadth strengthened on Tuesday
as advancers led 1,877 to 1,121 on the NYSE and
led 1,862 to 1,556 on the NASDAQ
The SPY MFC green line is
flat at 97.3 and is short-term
bullish, stay alert for a potential pullback below the low of the high day. Price action is a new high breakout
continuation.
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
66 of 100 NDX stocks
closed higher on Tuesday.
75 NDX stocks are above their 30 DMA: AMZN, CDNS, IDXX, NVDA,
AAPL, FAST, MELI, PYPL, TTWO, VRSK,
CHKP, COST, MNST, CHTR, CMCSA, CTSH, AMD, CTAS, ISRG, LULU, ORLY, CPRT, CSX,
TCOM, QCOM. SBUX, KLAC, AVGO, FB, MSFT, NXPI, TMUS, TXN, BKNG, ULTA, MAR, PAYX,
EXPE, ADBE, ANSS, INTU, MSFT, PEP, TSLA, FOXA, ADSK, ATVI, GOOGL, NTES,
SNPS, WDAY, ZM, MCHP, ADI, ASML, BIDU, KHC, ROST, AMGN, LBTYA, SPLK, ALXN,
DOCU, NFLX, PDD, VRSN, CERN, CTXS, INTC, SWKS, VRTX, ALGN, MXIM, PCAR, XLNX,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 4
ALGN, MXIM, PCAR, XLNX,
Moving Below 30 DMA = 3
BIIB, KHC, XEL,
2 comments:
Thank you, Dave!
Dave, I greatly appreciate your time commitment to keep this going. Always part of my routine to check for these details. Thanks! Jim
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