©
2020
NDX +23.30, +0.22%, opened higher, traded in a range on
Tuesday and formed a doji that closed above the high of the low day in a
one-day bull flag.
SPX -7.66, -0.21%, closed
at 3,687, traded in a range on
Tuesday.
TSLA fell -1.46% on Tuesday
and is a bull flag setup with a hammer candle pattern.
Two of
eleven
sectors were higher on Tuesday, led by XLK,
XLRE and XLU.
Technology leaders: PAYC,
FTNT, AAPL, NTAP
Real Estate leaders: DLR,
O, PSA, IRM,
Utilities leaders: NRG, NI, PNW, EXC
SPY down .62 at 367.24 on 48.3 million shares, below average volume, down on lower
volume.
VIX down .93 at 24.23
AAPL, CRM, MSFT, IBM led the DJIA, 6 advancers, -2
PAYC, ETSY, FTNT, ISRG led the SPX, 174 advancers
PTON, WDAY, CHKP, OKTA led the NDX, 44 advancers
The two-year trend term is up. The one-year trend is up.
Up: IWM, QQQ,
Down: SPY, DIA,
Advancers strengthened on Tuesday as decliners led 1,810 to 1,337 on the NYSE and advancers
led 2,056 to 1,706 on
the NASDAQ
The SPY MFC green line
turned down at 88.2 and is counter-trend
defensive. Price action is a three-day
bull flag.
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 sideways.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Down
44 of 100 NDX stocks
closed higher on Tuesday.
71 NDX stocks are above their 30 DMA: ADP, XLNX, ALGN, NXPI, KLAC, LRCX, TXN, ADI,
AMAT, CTSH, FAST, MCHP, MU, MXIM, SBUX, ASML, INTU, MNST, TMUS, MRNA, WDC, ROST,
CSCO, AVGO, MELI, ADSK, KHC, AMD, TSLA, DLTR, PYPL, VRTX, AAPL, ADBE, ANSS,
ATVI, BIDU, CDNS, EA, GILD, ILMN, ISRG, SNPS, VRSN, NFLX, DOCU, CHKP, SGEN, CERN,
DXCM, IDXX, CPRT, ALXN, AMZN, EBAY, INCY, LULU, PAYX, SWKS, MSFT, ORLY,
WDAY, NTES, VRSK, BIIB, new symbols added = MRVL, MTCH, OKTA, PTON, TEAM,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 0
Moving Below 30 DMA = 7
CHTR, CMCSA, MAR, NVDA,
PDD, PEP, WBA,
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