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2020
The DJIA 30,046.24 closes above 30,000 for the first time in history.
NDX +173.87, +1.46%, is a channel bounce continuation.
SPX +57.84, +1.62%, closes at 3,635, is a bull flag bounce and a horizontal resistance breakout that made a new all-time closing high.
Ten of eleven sectors were higher on Tuesday, led by XLE, XLF and XLB.
Energy leaders: APA, FTI, EOG, HES
SPY up 5.76 at 363.22 on 62.4 million shares, below average volume, up on similar volume.
VIX down 1.02 at 21.64
CVX, JPM, GS, DIS led the DJIA, 26 advancers, +3
The two-year trend term is up. The one-year trend is up.
Up: IWM, SPY, DIA, QQQ,
Advancers strengthened on Tuesday as advancers led 2,374 to 764 on the NYSE and led 2,457 to 1,184 on the NASDAQ
The SPY MFC green line turned up at 84.7 and is bullish. Price action is a bull flag bounce.
Uptrend sectors: XLU, XLB, XLI, XLY, XLP, XLV, XLF, XLC, XLK,
Down trend sectors:
The 6-month intermediate trend is up. The ten-day trend is up.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up
70 of 100 NDX stocks closed higher on Tuesday.
67 NDX stocks are above their 30 DMA: IDXX, QCOM, ADP, XLNX, SIRI, ALGN, GOOGL, PDD, EXPE, NXPI, PAYX, CSX, KLAC, LRCX, TXN, ADI, AMAT, CTSH, FAST, MAR, MCHP, MU, MXIM, SBUX, VRSK, WBA, ASML, BKNG, CTAS, FISV, INTU, MNST, TCOM, TMUS, MRNA, WDC, CMCSA, ROST, ULTA, CHTR, CSCO, MDLZ, PEP, AVGO, COST, JD, MELI, LBTYA, ADSK, KHC, AMD, FOXA, LULU, TSLA, DLTR, NTES, TTWO, CERN, ALXN, BMRN, PCAR, PYPL, CDW, EXC, FB, GILD, MSFT,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 5
Moving Below 30 DMA = 0
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The DJIA 30,046.24 closes above 30,000 for the first time in history.
NDX +173.87, +1.46%, is a channel bounce continuation.
SPX +57.84, +1.62%, closes at 3,635, is a bull flag bounce and a horizontal resistance breakout that made a new all-time closing high.
Ten of eleven sectors were higher on Tuesday, led by XLE, XLF and XLB.
Energy leaders: APA, FTI, EOG, HES
SPY up 5.76 at 363.22 on 62.4 million shares, below average volume, up on similar volume.
VIX down 1.02 at 21.64
CVX, JPM, GS, DIS led the DJIA, 26 advancers, +3
The two-year trend term is up. The one-year trend is up.
Up: IWM, SPY, DIA, QQQ,
Advancers strengthened on Tuesday as advancers led 2,374 to 764 on the NYSE and led 2,457 to 1,184 on the NASDAQ
The SPY MFC green line turned up at 84.7 and is bullish. Price action is a bull flag bounce.
Uptrend sectors: XLU, XLB, XLI, XLY, XLP, XLV, XLF, XLC, XLK,
Down trend sectors:
The 6-month intermediate trend is up. The ten-day trend is up.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up
70 of 100 NDX stocks closed higher on Tuesday.
67 NDX stocks are above their 30 DMA: IDXX, QCOM, ADP, XLNX, SIRI, ALGN, GOOGL, PDD, EXPE, NXPI, PAYX, CSX, KLAC, LRCX, TXN, ADI, AMAT, CTSH, FAST, MAR, MCHP, MU, MXIM, SBUX, VRSK, WBA, ASML, BKNG, CTAS, FISV, INTU, MNST, TCOM, TMUS, MRNA, WDC, CMCSA, ROST, ULTA, CHTR, CSCO, MDLZ, PEP, AVGO, COST, JD, MELI, LBTYA, ADSK, KHC, AMD, FOXA, LULU, TSLA, DLTR, NTES, TTWO, CERN, ALXN, BMRN, PCAR, PYPL, CDW, EXC, FB, GILD, MSFT,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 5
Moving Below 30 DMA = 0
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1 comment:
Thank you, Dave!
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