©
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 Trend: Up
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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