NDX, SPX, DJI, Pause after Record Highs on Monday...Technology Leads Sectors...PEP Up After EPS...

 
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Earnings season continues on Wednesday with BAC, BLK, C, DAL, PNC, WFC reporting before the open (BMO).
 
Semiconductor stocks, SMH a bull flag bounce pause -0.22%. 
 
DJI -107.39, -0.31%, closed at 34,888.  BA, HD, GS and CAT were the biggest point decliners on Tuesday.
NDX -3.35, -0.02%, closed at 14,874.
SPX -15.42, -0.35%, closed at 4,369.
 
TSLA -2.50%, a bull flag bounce pause.
 
SPY = All-time high pullback.
DIA = All-time closing high pullback.
QQQ = All-time high pullback.
IWM = Channel bounce down.
 
One of eleven sectors were higher on Tuesday, led by XLK, XLP and XLV.
 
Technology leaders: MA, V, ADSK, MSFT
Consumer Staples leaders: PEP, KO, MNST, WMT
Health Care leaders: BIIB, UNH, ANTM, REGN
 
 
SPY down 1.49 at 435.59, on 52.9 million shares, below average volume, down on similar volume.  
VIX up .95 at 17.12
 
V, MSFT, KO, AAPL led the DJIA, 12 advancers, -4
TDY, MA, ADSK, EA led the SPX, 73 advancers.
JD, NTES, BIDU, PEP led the NDX, 36 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ,
Down: DIA, SPY, IWM,
 
Advancers weakened on Tuesday as decliners led 2,483 to 836 on the NYSE and led 3,340 to 1,053 on the NASDAQ.
 
The SPY MFC green line turned down at 93.3 and is counter-trend defensive.  SPY hit a new all-time high before close lower. 
 
 
Uptrend sectors:  XLK, XLC, XLV, XLY, XLRE, XLP, XLI, XLE, XLF, XLB,
Neutral sectors:  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 Trend: Up
 
36 of 100 NDX stocks closed higher on Tuesday.
 
70 NDX stocks are above their 30 DMA:  ALXN, TMUS, SGEN, PAYX, INTU, FB, GOOGL, IDXX, ILMN, MRVL, ZM, NVDA, PTON, SNPS, MRNA, PYPL, AMD, EBAY, REGN, XLNX, DXCM, ADBE, DOCU, LULU, MSFT, TEAM, ALGN, AMZN, ISRG, ANSS, CDNS, QCOM, SPLK, AAPL, CPRT, CTAS, MELI, MTCH, NFLX, OKTA, TSLA, VRSN, ADSK, AMAT, CDW, CHTR, COST, JD, ORLY, SWKS, BIDU, ROST, VRSK, ADP, AMGN, GILD, AVGO, CMCSA, NTES, PEP, AEP, CSCO, SBUX, CERN, FAST, CHKP, ASML, TXN, ADI, INTC, NXPI, EA, FISV, JD, MDLZ, NTES,
 
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 5
EA, FISV, JD, MDLZ, NTES,
 
 
Moving Below 30 DMA = 2
MAR, WDAY,
 
 
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