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SPX opened flat,
traded in a trading range on Tuesday and closed slightly
higher in a bull flag setup.
NDX -10.40, -0.08%, formed a hammer in a two-day bull
flag pattern.
SPX +1.58, -0.04%, closed
at 3,799, formed a dragonfly doji in a
two-day bull flag pattern.
TSLA rose +4.72%, forming
a bull flag setup.
Six of
eleven
sectors were higher on Tuesday, led by XLE,
XLY and XLB.
Energy leaders: OXY,
SWN, APA, MRO
Consumer Discretionary leaders: ETSY,
GM, F, NWL
Basic Materials leaders: MOS, DOW, ALB, IFF
SPY up .08 at 378.77 on 52.5
million shares, below average volume, up slightly on slightly higher volume.
VIX down .75 at 23.33
DOW, INTC, GS, TRV led the DJIA, 16 advancers, +4
GCI, OXY, ETSY, SWN led the SPX, 315 advancers
BIDU, DOCU, MRNA, ZM led the NDX, 46 advancers
The two-year trend term is up. The one-year trend is up.
Up: IWM, DIA, SPY,
Down: QQQ
Advancers strengthened on Tuesday as advancers led 2,110 to 1,052 on the NYSE and led 2,640 to 1,187 on the NASDAQ
The SPY MFC green line
is pointed up at 91.1 and is short-term
bullish. Price action is a two-day
pullback.
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: Sideways
46 of 100 NDX stocks
closed higher on Tuesday.
66 NDX stocks are above their 30 DMA: ALGN, TXN, ADI, AMAT, MU, MXIM, ASML, MNST,
ROST, CSCO, AVGO, ADSK, TSLA, PYPL, AAPL, ANSS, ATVI, BIDU, CDNS, EA, ILMN,
ISRG, SNPS, CHKP, CERN, DXCM, IDXX, ALXN, SWKS, ORLY, NTES, MRVL, MTCH, PTON,
BKNG, AMGN, INTC, JD, PDD, KLAC, NXPI, EBAY, GILD, LRCX, WBA, BIIB, FOXA, MCHP,
QCOM, CSX, DLTR, EXC, FAST, PCAR, AMD, CDW, CPRT, CTAS, DOCU, INCY, NVDA, XLNX,
MELI, REGN, OKTA, TEAM,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 2
OKTA, TEAM,
Moving Below 30 DMA = 8
CMCSA, CTSH, FISV,
INTU, SBUX, TMUS, VRTX, WDC,
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