TSLA Leads SPX, NDX Higher...

 
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NDX +495.41 +4.03%, gap up white candle, close above Friday’s high.
SPX +54.09, +1.42%, closed at 3,875, a bounce continuation day.
 
TSLA +19.64%, a big bounce up from support.
 
Seven of eleven sectors were higher on Tuesday, led XLY, XLK and XLU. 
 
Consumer Discretionary leaders: TSLA, ETSY, CMG, DPZ
Technology leaders: ENPH, TER, LRCX, AMAT
Utilities: NEE, NRG, FE, AWK

 
SPY up 5.45 at 387.17 on 113.6 million shares, above average volume, up on lower volume.
VIX down 1.44 at 24.03
 

INTC, AAPL, BA, MSFT led the DJIA, 13 advancers, -12
ENPH, TER, ETSY, LRCX led the SPX, 248 advancers.
TSLA, PTON, BIDU, PDD led the NDX, 90 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, IWM, SPY, DIA,
Down:  
 
Advancers strengthened on Tuesday as advancers led 1,984 to 1,283 on the NYSE and led 3,040 to 1,089 on the NASDAQ.
 
The SPY MFC green line turned up at 53.5 and is bullish.  Price action is a bull flag bounce continuation.
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Uptrend sectors:  XLF, XLE, XLI, XLC, XLB, XLK, XLY, XLV,
Neutral sectors:  XLRE, XLU, XLP,
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
 
90 of 100 NDX stocks closed higher on Tuesday.
 
30 NDX stocks are above their 30 DMA:   WDC, CDW, CMCSA, KHC, MAR, TCOM, BKNG, FOXA, FISV, ADP, SBUX, ORLY, CSCO, CSX, CTAS, INTC, PAYX, TMUS, AEP, DLTR, ROST, XEL, AMAT, EXC, FB, GOOGL, MDLZ, MU, NXPI, PCAR,
 
 
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 8
AMAT, EXC, FB, GOOGL, MDLZ, MU, NXPI, PCAR,
 
 
Moving Below 30 DMA = 0
 
 
 
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