© 2021
NDX +207.22, +1.56%, rallied for a second straight day. SPX +52.45, +1.39%, closed
at 3,826, its highest close in five
days. AMZN +10.00, +0.30%, GOOGL +144.76, +7.54%, gained in after-hours trading on
positive EPS reactions.
TSLA, FB, GOOGL, AMZN and
AAPL rose on Tuesday. TSLA rallied
+3.93%.
All eleven
sectors were higher on Tuesday, led by XLF,
XLI and XLY.
Financial leaders: MS,
GS, FRC, SYF
Industrials leaders: RTX,
GE, HWM, CAT
Consumer Discretionary leaders: EXPE, LVS, LB, KMX
SPY up 5.32 at 381.55 on 64.4 million shares, average volume, up on lower volume.
VIX down 4.68 at 25.56
GS, CAT, DOW, DIS led the DJIA, 25 advancers, +2
WAT, EXPE, LVS, LB led the SPX, 398 advancers.
WDAY, TEAM, PDD, JD led the NDX, 84 advancers.
The two-year trend term is up. The one-year trend is up.
Up: QQQ, DIA, IWM, SPY,
Down:
Advancers remained strong on Tuesday as advancers led 2,441 to 763 on the NYSE and led 2,914 to 1,015 on the NASDAQ.
The SPY MFC green line
is pointed down at 58.5 and is defensive. Be prepared for a potential bounce in the GL on Wednesday. Price action is a bounce continuation in a
sideways channel.
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: Up
84 of 100 NDX stocks
closed higher on Tuesday.
65 NDX stocks are above their 30 DMA: AMAT, ASML, AVGO, TSLA, BIDU, ILMN, CERN,
SWKS, NTES, MRVL, AMGN, INTC, PDD, KLAC, EBAY, GILD, WBA, BIIB, FOXA, PCAR,
CTAS, EA, GOOGL, MSFT, MRNA, WDC, DXCM, MELI, MU, NFLX, QCOM, ATVI, AAPL,
ADI, AEP, ALGN, AMZN, ANSS, CDNS, CDW, CHKP, CSCO, IDXX, INCY, JD, NVDA, NXPI,
OKTA, PYPL, SNPS, SPLK, TEAM, TXN, WDAY, ZM, ADBE, CMCSA, FB, EXC, INTU, LRCX, MCHP,
MNST, MTCH, TMUS,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 10
ADBE, CMCSA, FB, EXC, INTU,
LRCX, MCHP, MNST, MTCH, TMUS,
Moving Below 30 DMA = 2
REGN, SIRI,
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