NDX, QQQ New All-time Closing High, XLY, XLK, XLC Lead Sectors on Tuesday...

 
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The NDX broke out to a new all-time closing high.
 
Semiconductor stocks, SMH moved above Monday’s high. 
 
DJI +68.61, +0.20%, closed at 33,945.  HD, MSFT, NKE and AAPL were the largest point gainers on Tuesday.
NDX +133.19, +0.94%, closed at 14,270.
SPX +21.65, +0.51%, closed at 4,246.
 
TSLA +0.46%, channel bounce pause at short-term resistance.
 
 
SPY = Re-BO.
DIA = Channel bounce continuation.
QQQ = BO to new all-time closing high.
IWM = Bull flag bounce continuation.
 
Nine of eleven sectors were higher on Tuesday, led by XLY, XLK and XLC.
 
Consumer Discretionary leaders: LB, ETSY, TSCO, BBY
Technology leaders: ENPH, NVDA, NOW, XLNX, GLW
Communication Services leaders: TWTR LYV, NFLX, FB
 
 
SPY up 2.25 at 420.86, on 57.7 million shares, below average volume, up on lower volume.  
VIX down 1.23 at 16.66
 
NKE, HD, AAPL, MSFT led the DJIA, 13 advancers, -17
LB, ETSY, CTAS, TWTR led the SPX, 261 advancers.
SPLK, PTON, MRNA, OKTA led the NDX, 64 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, SPY, IWM, DIA,
Down:
 
Advancers weakened on Monday as advancers led 1,772 to 1,506 on the NYSE and led 2,266 to 2,054 on the NASDAQ.
 
The SPY MFC green line is pointed down at 77.3 and is defensive.  SPY broke through its May 7 resistance nearing its all-time high at 425.46. 
 
 
Uptrend sectors:  XLK, XLC, XLV, XLRE, XLE, XLP, XLU, XLI, XLY, XLF, XLB,
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
 
64 of 100 NDX stocks closed higher on Tuesday.
 
68 NDX stocks are above their 30 DMA:  CERN, ALXN, TMUS, SGEN, PAYX, INTU, FB, MXIM, ADI, GOOGL, IDXX, ILMN, MRVL, ZM, NVDA, PTON, ASML, AVGO, LRCX, SNPS, MRNA, PYPL, SIRI, AMD, EBAY, REGN, XLNX, DXCM, ADBE, BIIB, CHKP, DOCU, LULU, MSFT, TEAM, ALGN, AMZN, ISRG, ANSS, CDNS, CMCSA, QCOM, SPLK, AAPL, CPRT, CTAS, MELI, MTCH, WDAY, INCY, NFLX, OKTA, TSLA, VRSN,
ADP, ADSK, AMAT, CDW, CHTR, COST, JD, ORLY, SWKS, TXN, VRSK, CSCO, FOXA, SBUX,
 
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 3
CSCO, FOXA, SBUX,
 
Moving Below 30 DMA = 1
MAR,
 
 
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