Tuesday, April 6, 2021

SPX, DJI, NDX Range Day Pause...Utilities, Consumer Discretionary Lead Sectors...

 
© 2021
 
 
The DJI -96.95, -0.29%, closed at 33,430.  UNH, BA CAT and AMGN were the largest point decliners on Tuesday.
 
NDX -19.71, -0.14%, was a channel bounce pause.
SPX -3.97, -0.10%, ended at 4,073, new intraday high before a slightly lower close.
 
TSLA +0.08%, trading range day at short-term resistance.
 
Six of eleven sectors were higher on Tuesday, led by XLU, XLY and XLP.
 
Utilities leaders: NRG, ETR, CNP, NEE
Consumer Discretionary leaders: NCLH, ETSY, WYNN, YUM
Consumer Staples leaders: STZ, SYY, TSN, KHC
 
SPY down .24 at 406.12, on 62.0 million shares, below average volume, down slightly on lower volume.
VIX up .21 at 18.12
 
NKE, MCD, GS, KO led the DJIA, 12 advancers, -13
ENPH, NCLH, ETSY, TWTR led the SPX, 265 advancers.
ILMN, PTON, PDD, LULU led the NDX, 44 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up:
Down: SPY, QQQ, DIA, IWM,
 
Advancers weakened on Tuesday as advancers led 2,005 to 1,311 on the NYSE and decliners led 2,191 to 1,994 on the NASDAQ.
 
The SPY MFC green line is pointed up and rose 1.1 to 95 and is bullish.  Price action is a pause after an intraday all-time new high.
 
 
Uptrend sectorsXLP, XLI, XLB, XLRE, XLV, XLC, XLF, XLE, XLY,
Neutral sectors:  XLK, 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 TrendUp
 
44 of 100 NDX stocks closed higher on Tuesday.
 
82 NDX stocks are above their 30 DMA:   KHC, ADP, ORLY, CSCO, AEP, XEL, AMAT, EXC, FB, MDLZ, CTSH, WBA, SIRI, TXN, FAST, AMGN, DLTR, PEP, CSX, MNST, COST, ASML, CERN, BIIB, CDW, NXPI, SBUX, ADBE, ALXN, BKNG, EBAY, GILD, INCY, INTC, KLAC, LRCX, REGN, ROST, SWKS, VRSK, VRSN, EA, TMUS, MRVL, ADI, ADSK, ALGN, ANSS, CDNS, CTAS, GOOGL, ISRG, MCHP, MSFT, MXIM, NVDA, SNPS, AAPL, AMD, AMZN, ATVI, AVGO, CPRT, FISV, INTU, MU, NFLX, QCOM, WDAY, WDC, XLNX, CHKP, DXCM, MAR, PYPL, SPLK, TSLA, VRTX, ILMN, LULU, MELI, PTON,
 
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 4
ILMN, LULU, MELI, PTON,
 
Moving Below 30 DMA = 1
PAYX,
 
 
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