SPX Falls after Powell, Yellen Speak to the House...If You Want More, Wednesday before the Senate at 10 am ET...

 
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The DJI -308.05, -0.94%, closed at 32,423.  BA, CAT, GS and AMGN were the largest point decliners on Tuesday.
 
NDX -68.72, -0.53%, was a channel bounce on Tuesday.
SPX -30.07, -0.76%, closed at 3,910, a bull flag pullback.
 
TSLA -1.17%, pulled back on Tuesday.

 
Three of eleven sectors were higher on Tuesday, led XLU, XLP and XLRE.
 
Utilities leaders: WEC, CMS, NEE, LNT
Consumer Staples leaders: CL, PG, CLX, COST
Real Estate leaders: DLR, AMT, EXR, PLD
 
SPY down 3.09 at 389.50, on 90.6 million shares, average volume, down on higher volume.
VIX up 1.42 at 20.30
 
PG, WMT, KO, MSFT led the DJIA, 8 advancers, -12
WEC, CMS, NEE, LNT led the SPX, 120 advancers.
PTON, ZM, XEL NFLX led the NDX, 28 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up:
Down: QQQ, SPY, DIA, IWM,
 
Advancers weakened on Tuesday as decliners led 2,553 to 744 on the NYSE and led 3,660 to 546 on the NASDAQ.
 
The SPY MFC green line is pointed down and fell 5.1 to 76.9 and is defensive.  Price action is a bull flag setup.
 
 
Uptrend sectors:  XLC, XLI, XLF, XLB, XLRE, XLE, XLY, XLV, XLK,
Neutral sectors:  XLP, XLU,
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: Down
 
28 of 100 NDX stocks closed higher on Tuesday.
 
39 NDX stocks are above their 30 DMA:   CMCSA, KHC, FOXA, FISV, ADP, SBUX, ORLY, CSCO, INTC, PAYX, TMUS, AEP, XEL, AMAT, EXC, FB, MDLZ, CHTR, CTSH, WBA, NXPI, SIRI, TXN, FAST, AMGN, CHKP, DLTR, EBAY, GILD, PEP, VRTX, CSX, MNST, COST, MSFT, NFLX, VRSK, VRSN, WDAY,
 
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 6
COST, MSFT, NFLX, VRSK, VRSN, WDAY,
 
Moving Below 30 DMA = 15
ADI, ALXN, ASML, AVGO, BIIB, CDW, INCY, LRCX, MAR, MCHP, MU, REGN, ROST, TCOM, WDC,
 
 
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