SPX Grinds Sideways with FOMC Announcement on Wednesday...GOOGL, AMD up, MSFT, TXN, SBUX down in After-hours...

 
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After-hours Earning Reactions:
Up – GOOGL, AMD ILMN, MDLZ,
Down – MSFT, AMGN, TXN, SBUX,
 

TSLA reported Monday.   
MSFT and GOOGL reported after the close today. 
 
The rest of the big six report as follows: 
AAPL and FB report Wednesday AMC,
AMZN reports Thursday AMC.
Thirty-one percent or 155 SPX stocks will report earnings between Tuesday and Thursday.
 
The two-day FOMC Meeting started today and concludes with its announcement Wednesday at 2 pm EDT.  No change in interest rates is expected.  Powell’s press conference will be at 2:30 pm EDT.

DJI +3.36, +0.01%, closes at 33,984.  GS, MCD and HON were the largest point gainers on Tuesday.
 
NDX -65.88, -0.47%, closes at 13,960, an HBO setup.
SPX -0.90, -0.02%, ended at 4,186, just below Monday’s all-time closing high.

TSLA -4.53%, moved down to short-term support on a negative earnings reaction.
 
SPY = HBO setup.
DIA = bull flag bounce pause.
QQQ = bull flag bounce pause.
IWM = channel bounce continuation.
 
 
Three of eleven sectors were higher on Tuesday, led by XLE, XLI and XLF.
 
Energy leaders: SWN, HES, FTI, EOG
Industrials leaders: UPS, FDX, EFX, OTIS
Financial leaders: MMC AMP, SCHW, WFC
 
SPY down .09 at 417.52, on 51.3 million shares, below average volume, down on lower volume. 
VIX down .08 at 17.56
 
CVX, MCD, GS, DOW led the DJIA, 14 advancers, +2
UPS, CZR, SWN, PHM led the SPX, 274 advancers.
MTCH, MRNA, JD, MU led the NDX, 37 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM,
Down: DIA, SPY, QQQ,
 
Advancers weakened on Tuesday as decliners led 1,652 to 1,633 on the NYSE and led 2,338 to 1,899 on the NASDAQ.
 
The SPY MFC green line turned up at 94 and is bullish.  SPY is an HBO setup. 
 
 
Uptrend sectors:  XLF, XLI, XLB, XLRE, XLK, XLY, XLV, XLC, XLP, XLU, XLE,
Neutral sectors: 
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: Up a little
 
37 of 100 NDX stocks closed higher on Tuesday.
 
79 NDX stocks are above their 30 DMA:   ADP, ORLY, CSCO, AEP, XEL, AMAT, EXC, FB, SIRI, TXN, FAST, AMGN, PEP, CSX, MNST, COST, ASML, CERN, CDW, SBUX, ADBE, LRCX, REGN, ROST, SWKS, VRSK, VRSN, EA, TMUS, ADSK, ALGN, ANSS, GOOGL, ISRG, MSFT, MXIM, NVDA, SNPS, AAPL, AMZN, CPRT, INTU, CHKP, DXCM, PYPL, TSLA, MELI, ALXN, DOCU, IDXX, LULU, OKTA, MRNA, TEAM, INCY, CHTR, NTES, PAYX, CTAS, KLAC, ILMN, ZM, ADI, AMD, BKNG, MCHP, MTCH, NXPI, PDD, QCOM, SGEN, WDAY, XLNX, CTSH, EBAY, TCOM, WDC, DLTR, MAR,
 
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 2
DLTR, MAR,
 
Moving Below 30 DMA = 8
ATVI, BIIB, CDNS, FISV, GILD, KHC, MDLZ, VRTX,
 
 
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