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NDX -217.79, -1.89%, open lower and traded lower closing below its 30 DMA. The pullback was led by weakness in AAPL, AMZN, MSFT, FB, GOOGL and TSLA.
SPX -47.68, -1.40%, closes
at 3,360. SPX opened flat, traded higher until news hit that the President ended
stimulus aid talks.
One of eleven sectors was higher on Tuesday, led by XLU, XLP and XLRE.
Utilities leaders: EIX, CMS, LNT, NI
SPY down -4.83 at 334.93 on 90.1 million shares, above average volume, down on higher volume.
VIX up +1.52 at 29.48
PG, CSCO, IBM, NKE led the DJIA, 1 advancer, -29
The two-year trend term is up. The one-year trend is up.
Up:
Breadth weakened on Tuesday as decliners led 1,869 to 1,162 on the NYSE and led 2,052 to 1,432 on the NASDAQ
The SPY MFC green line is pointed up at 41.8 and is bullish. Price action is a pullback after reaching the zone of its MACD divergence price target.
Uptrend sectors: XLB, XLI, XLY, XLP, XLK, XLC, XLV,
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: Sideways
17 of 100 NDX stocks closed higher on Tuesday.
47 NDX stocks are above their 30 DMA: AVGO, ZM, ALXN, SGEN, WDAY, CDW, CHTR, CPRT, CTAS, CTSH, FISV, IDXX, INTC, MRNA, NVDA, PAYX, QCOM, SBUX, SNPS, TCOM, ADP, BIIB, COST, FOXA, LRCX, SWKS, TXN, XLNX, AMD, KLAC, BIDU, DOCU, NFLX, NXPI, ROST, XEL, SIRI, AMAT, AMGN, CERN, EXC, MCHP, MELI, MXIM, PCAR, REGN, SPLK,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 1
Moving Below 30 DMA = 22
ADI, ALGN, ANSS, ASML, BMRN, CDNS, CMCSA, CSX, FAST, INCY, INTU, ISRG, MDLZ, MU, PEP, PYPL, TMUS, TSLA, TTWO, ULTA, VRTX, WBA,
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