SPX, NDX Pause after 3-day Rally...

 
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NDX -41.50, -0.37%, opened slightly lower and traded in a tight range most of the day and closed lower.   The pause was led by weakness in AAPL, AMZN, MSFT, PYPL and TSLA. 

SPX -16.13, -0.54%, closes at 3,335. SPX opened flat and traded in a range forming a spinning top and closed lower.

MU had a negative EPS reaction after the close.

 
One of eleven sectors was higher on Tuesday, led by XLC, XLU and XLV.
 
Communication Services leaders: FB, TWTR, NFLX, GOOGL
Utilities leaders: ED, D, PEG, AEE
Healthcare leaders: TMO, LH, CTLT, PKI
 
SPY down -1.82 at 332.37, on 51.5 million shares, below average volume, down on lower volume.
VIX up +0.08 at 26.27
 
NKE, AMGN, CRM led the DJIA, 4 advancers, -23
PAYC, HAS, ANET OKE led the SPX, 128 advancers
AMD, MU, FB, WDC led the NDX, 31 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up:
Down: QQQ, IWM, DIA, SPY,
 
Breadth weakened on Tuesday as decliners led 1,901 to 1,115 on the NYSE and led 1,845 to 1,657 on the NASDAQ



The SPY MFC green line is pointed up at 20.8 and is bullish.  Price action is a bounce continuation above Friday’s high.
 
Uptrend sectors:  XLB, XLI, XLY, XLP, XLV, XLK, XLC,
Neutral sectors:  XLRE, XLF, XLU,
Down trend sectors: XLE,
 
The 6-month intermediate trend is up.  The ten-day trend is down.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up
 
31 of 100 NDX stocks closed higher on Tuesday.
 
46 NDX stocks are above their 30 DMA:   CMCSA, CSX, AVGO, ZM, ALXN, MU, SGEN, WDAY, WDC, ALGN, CDW, CHTR, CPRT, CTAS, CTSH, FISV, IDXX, INTC, MRNA, NVDA, PAYX, QCOM, SBUX, SNPS, TCOM, ADBE, ADI, ADP, AMGN, ASML, BIIB, COST, FOXA, LRCX, MXIM, PCAR, PEP, SWKS, TSLA, TXN, VRSK, XLNX,
 
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 4
AMD, KLAC, PYPL, VRTX,
 
 
Moving Below 30 DMA = 10
ATVI, BIDU, CERN, DOCU, EBAY, INTU, ROST, TMUS, TTWO, XEL,
 
 
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