DJI, SPX, NDX Test BO as Broad Market Pulls Back after 5-day Rally...AAPL, MSFT, GOOGL Report AMC...

 
 
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NDX, SPX, DJI each did a BO test on Tuesday after hitting a new all-time closing high on Monday.
 
Four of the big Six reported earnings as of today.  TSLA reported Monday after the close.  AAPL, MSFT, GOOGL reported today AMC, FB Wednesday and AMZN Thursday each AMC.
 
The FOMC meets for the second day on Wednesday, with their announcement at 2 pm ET and press conference beginning at 2:30 pm ET.
 
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Earnings season week 3 continues Wednesday with 20 cos. including ADP, BA, CME, GNRC, MCD, PFE reporting BMO and 26 cos. including FB, ALGN, CTSH, F, LRCX, NOW PYPL, QCOM, URI reporting AMC.

 
Earnings reactions through Tuesday:
Positive (1%+):  PEP, WFC, TFC, UNH, USB, STT, IBM, JBHT, ZION, DOV, HAL, HCA, KEY, SYF, CMG, UAL, CMA, IPG, KO, NDAQ, NTRS, CSX, DGX, DHR, DOW, DPZ, MMC, NUE, UNP, SNAP, CE, RHI, TWTR, AXP, NEE, ROP, SLB, HAS, FFIV, ARE, UHS, PKG, GE, BSX, MSCI, PNR, RTX, DTE, FISV,
 
Neutral/Negative:  FRC, JPM, GS, CAG, FAST, BAC, BLK, C, DAL, PNC, PGR, SCHW, PLD, PPG, OMC, TRV, ANTM, BKR, MTB, NFLX, VZ, CCI, DFS, EFX, FTI, GL, KMI, LVS, TXN, AAL, ALLE, ALK, FITB, GPC, LUV, NEM, SNA, T, COF, FE, INTC, SIVB, VRSN, WRB, HON, KMB, RF, LMT, OTIS, PKI, CNC, SWK, UPS, MMM, PHM, IVZ, ADM, IQV, ROK, SHW, WM, GLW, PCAR, ECL, LW, CDNS, TSLA, AMP,
 
AMC Tuesday: AAPL, MSFT, GOOGL, AMD, SBUX, V, BXP, CB, CHRW, ENPH, EQR, EXR, IEX, JNPR, MDLZ, MXIM, NLOK, NOV, PFG, SYK, TER,
 
Up from Initial Reaction:  CTAS, MS, BK, ISRG, NVR, KSU, TSCO, PM, JNJ, MKTX, STX, WHR, ABT, AEP, DHI, FCX, POOL,
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Semiconductor stocks, SMH -1.77%, channel bounce down.
 
DJI -85.79, -0.24%, did a BO test and closed at 35,058.  CRM, HD, BA and MSFT were the largest point decliners on Tuesday.
NDX -168.98, -1.12%, closed at 14,956. 
SPX -20.84, -0.47%, closed at 4,401. 
 
TSLA -1.95%, a channel bounce.  A positive EPS reaction that reversed after the open on a strong broad market pullback.
 
SPY = BO test, re-BO.
DIA = BO test.
QQQ = BO test.
IWM = Modest channel bounce.
 
Five of eleven sectors were higher on Tuesday, led by XLU, XLRE and XLV.
 
Utilities leaders: EIX, WEC, DTE, AWK
Real Estate leaders: CBRE, ARE, PEAK, EQIX
Health Care leaders: BSX, UHS, BIO, BDX
 
 
SPY down 2.01 at 439.01, on 67.6 million shares, average volume, down on higher volume.  
VIX up 1.78 at 19.36
 
MCD, MRK, VZ, HON led the DJIA, 13 advancers, -7
FFIV, PNR, BSX, AON led the SPX, 227 advancers.
SIRI, FISV, TCOM VRTX led the NDX, 27 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up:
Down: DIA, SPY, QQQ, IWM,
 
Advancers weakened on Tuesday as decliners led 2,107 to 1,184 on the NYSE and led 3,193 to 1,215 on the NASDAQ.
 
The SPY MFC green line is pointed up at 93.1 and is bullish.  SPY is BO test after an all-time closing high on Monday. 
 
 
Uptrend sectors:  XLRE, XLV, XLP, XLK, XLC, XLY,
Neutral sectors:  XLI, XLF, XLU, XLB, XLE,
Down trend sectors:
 
The 6-month intermediate trend is up.  The ten-day trend is up a little.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up
 
27 of 100 NDX stocks closed higher on Tuesday.
 
66 NDX stocks are above their 30 DMA:  PAYX, INTU, GOOGL, IDXX, ILMN, SNPS, MRNA, PYPL, EBAY, REGN, DXCM, ADBE, DOCU, LULU, MSFT, TEAM, AMZN, ISRG, ANSS, CDNS, QCOM, SPLK, AAPL, CPRT, MELI, ADSK, CDW, COST, ORLY, SWKS, VRSK, ADP, AMGN, GILD, PEP, SBUX, FAST, CHKP, MDLZ, MNST, CHTR, CTAS, AMD, OKTA, PTON, ALGN, CSCO, EXC, MRVL, HON, ASML, AVGO, CMCSA, FB, FISV, MTCH, AEP, CSX, CTSH, EA, VRTX, XEL, AAL, BKNG, MAR, CERN, SIRI,
 
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 2
CERN, SIRI,  
 
Moving Below 30 DMA = 9
AMAT, DLTR, EA, KLAC, LRCX, ROST, TSLA, WDAY, XLNX,
 
 
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