DJI Lower Open, Higher Close...SPX, RUT, NDX Open Lower, Close Lower but Above the Pullback Low...

 
 
© 2021
 
Tuesday Earning Reactions:
Up – IT, SEE, HSIC, LEG, CZR, LYFT, MTCH, ATVI, HLF, ZG, DVN, TMUS, PRU 
Down – ESPR, MCFE
 
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S&P futures moved lower overnight followed by a sharp selloff in the first two hours of trading that took the /ES down 63 points at which point selling exhausted.  A rally ensued into the close forming an intraday V pattern.  Classic market symmetry.
 
DJI +19.80, +0.06%, closes at 34,133.  UNH, CAT, JNJ and HD were the largest point gainers on Tuesday.
NDX -255.05, -1.85%, closed at 13,544.
SPX -28.00, -0.67%, ended at 4,164, pulled back and formed a hammer.              
 
TSLA -1.65%, pulled back at short-term support and formed a hammer.
 
SPY = bull flag setup.
DIA = channel bounce, now an HBO setup.
QQQ = broke short-term horizontal support.
IWM = bull flag setup in a channel.
 
Five of eleven sectors were higher on Tuesday, led by XLB, XLF and XLI.
 
Basic Materials leaders: SEE, AMCR, MLM, VMC, NUE
Financial leaders: BEN, PNC, ZION, CFG
Industrials leaders: XYL, GWW, URI, CAT
 
SPY down 2.58 at 415.62, on 68.0 million shares, above average volume, down on higher volume. 
VIX up 1.17 at 19.48
 
DOW, CAT, JNJ, JPM led the DJIA, 14 advancers, -9
IT, SEE, HSIC, LEG led the SPX, 240 advancers.
PAYX, ADP, CHKP, PTON led the NDX, 18 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: DIA,
Down: SPY, IWM, QQQ,
 
Advancers weakened on Tuesday as decliners led 1,908 to 1,441 on the NYSE and led 3,079 to 1,182 on the NASDAQ.
 
The SPY MFC green line is pointed down at 92 and is counter-trend defensive.  SPY is a bull flag setup. 
 
 
Uptrend sectors:  XLF, XLI, XLB, XLRE, XLP, XLY, XLV, XLU, XLC, XLK, XLE,
Neutral sectors: 
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: Down a little
 
18 of 100 NDX stocks closed higher on Tuesday.
 
40 NDX stocks are above their 30 DMA:   ORLY, AEP, XEL, EXC, FB, FAST, CSX, MNST, COST, CERN, CDW, SBUX, ROST, VRSK, VRSN, ALGN, GOOGL, ISRG, AMZN, CPRT, CHKP, ALXN, IDXX, LULU, MRNA, CHTR, NTES, CTSH, TCOM, MDLZ, CMCSA, KHC, PEP, ADP, BIIB, CTAS, GILD, PAYX, REGN, WBA,
 
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 0
 
 
Moving Below 30 DMA = 23
AAPL, ADBE, ADSK, AMAT, ANSS, ASML, BKNG, DLTR, EA, INCY, INTU, MAR, MELI, MSFT, MTCH, NVDA, OKTA, PYPL, QCOM, TEAM, TMUS, VRTX, WDC,
 
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