Tuesday, December 15, 2020

IWM, DIA New All-time Closing Highs as SPY, QQQ Bounce, Broad Rally as All Sectors Rise...

 
© 2020
 
 
NDX +133.71, +1.07%, a bull flag bounce continuation. 
 
SPX +47.13, +1.29%, closed at 3,694, a bull flag bounce trigger. 
 
All eleven sectors were higher on Tuesday, led by XLU, XLE and XLB. 
 
Utilities leaders: EXC, FE, AWK, NRG
Energy leaders: HAL, FTI, HES, PXD
Basic Materials leaders: DD, WRK, ECL, MLM
 
SPY up 4.93 at 369.59 on 64.0 million shares, just below average volume, up on lower volume.
VIX down 1.83 at 22.89
 
AAPL, DIS, TRV, NKE led the DJIA, 25 advancers, +19
WYNN, LLY, HAL, KIM led the SPX, 451 advancers
BIDU, EBAY, WDC, EXC led the NDX, 79 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, SPY, DIA, QQQ,
Down:
 
Advancers strengthened on Tuesday as advancers led 2,367 to 783 on the NYSE and led 2,599 to 1,144 on the NASDAQ
 
The SPY MFC green line is pointed down at 91.2 and is counter-trend defensive.  Price action is a bull flag bounce.
 
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 TrendUp
 
79 of 100 NDX stocks closed higher on Tuesday.
 
81 NDX stocks are above their 30 DMA:   ADP, XLNX, SIRI, ALGN, PDD, EXPE, NXPI, KLAC, LRCX, TXN, ADI, AMAT, CTSH, FAST, MAR, MCHP, MU, MXIM, SBUX, WBA, ASML, BKNG, FISV, INTU, MNST, TMUS, MRNA, WDC, CMCSA, ROST, ULTA, CSCO, PEP, AVGO, MELI, LBTYA, ADSK, KHC, AMD, FOXA, TSLA, DLTR, TTWO, PYPL, VRTX, AAPL, ADBE, ANSS, ATVI, BIDU, CDNS, CTXS, EA, GILD, ILMN, INTC, ISRG, SNPS, VRSN, NFLX, DOCU, CHKP, SGEN, CERN, BMRN, DXCM, IDXX, CPRT, ALXN, AMGN, AMZN, EBAY, INCY, LULU, QCOM, TCOM, CSX, EXC, MDLZ, PAYX, SWKS,
 
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 5
CSX, EXC, MDLZ, PAYX, SWKS,
 
Moving Below 30 DMA = 4
CHTR, COST, MSFT, WDAY,
 
 
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