Breakout: SPX, NDX New All-time Closing Highs...

 
© 2020
 
The rally broke out to a new all-time high on Tuesday. 
 
The DJIA 29,823 gained 185 points on day four of a breakout test in its bull flag setup
 
NDX +187.01, +1.52%, closed above its September 2 high at a new all-time closing high. 
 
SPX +40.82, +1.13%, closed at 3,662, and broke above the November 9 horizontal resistance to a new all-time closing high. 
 
Ten of eleven sectors were higher on Tuesday, led by XLC, XLF and XLK. 
 
Communication Services leaders: FOXA, LYV, FB, VIAC
Financial leaders: LNC, DFS, CINF, COF
Technology leaders: FLIR, WDC, MU, TER
 
SPY up 3.96 at 366.02 on 74.5 million shares, average volume, up on lower volume.
VIX up 0.20 at 20.77
 
AAPL, TRV, INTC, JNJ led the DJIA, 23 advancers, +13
LNC FLIR, DFS, CINF led the SPX, 376 advancers
WDC, MU, FOXA, SGEN led the NDX, 84 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, SPY, IWM, DIA,
Down:
 
Advancers strengthened on Tuesday as advancers led 2,198 to 925 on the NYSE and led 2,128 to 1,542 on the NASDAQ
 
The SPY MFC green line is pointed up at 96.4 and is bullish.  Price action is a breakout to an all-time closing high.
 
Uptrend sectors:  XLU, XLB, XLI, XLY, XLP, XLV, XLF, XLC, XLK, XLE,
Neutral sectors:  XLRE,
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
 
84 of 100 NDX stocks closed higher on Tuesday.
 
88 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, BMRN, PYPL, FB, MSFT, AMZN, EBAY, VRTX, AAPL, ADBE, ANSS, ATVI, BIDU, CDNS, CTXS, EA, GILD, ILMN, INTC, ISRG, SNPS, SPLK, VRSN, WDAY, NFLX, NVDA, CDW, CHKP, INCY, ORLY, SWKS,
 
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 5
CDW, CHKP, INCY, ORLY, SWKS,
 
Moving Below 30 DMA = 2
DOCU, ZM,
 
 
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