© 2021
Tuesday was another light volume, narrow trading range day
as DJI/DIA and SPX/SPY made new all-time closing highs. July CPI report Wednesday morning BMO at
8:30 am ET.
SPY up .55, at 442.68, on 43.3 million shares, below average volume, up on similar volume.
VIX up .07 at 16.79
QQQ down 1.89, -0.51% at 366.84
CAT, WMT, DOW, WBA led the DJIA, 22 advancers, +12
NUE, KSU, SYY, APA led the SPX, 321 advancers.
MELI, ROST, DLTR, EBAY led the NDX, 38 advancers.
The two-year trend term is up. The one-year trend is up.
Up: DIA, IWM, SPY,
Down: QQQ,
SPY = All-time
high.
DIA = All-time high.
QQQ = Re-BO
setup.
IWM =
Mid-channel bounce.
Eight
of eleven
sectors were higher on Tuesday, led by XLE,
XLB and XLF.
Energy leaders: APA,
MRO, DVN, FTI
Basic Materials leaders: NUE,
FCX, LYB, MOS
Financial leaders: COF, AIG, SYF, TFC
Advancers were mixed on Tuesday as advancers led 1,789 to 1,526 on the NYSE
and decliners led 2,327 to 2,058 on the NASDAQ.
The SPY MFC green line
turned down at 95.4 and is counter-trend defensive. SPY
paused in a new all-time closing high.
Uptrend sectors: XLRE, XLK, XLC, XLF, XLU, XLV, XLY,
XLP,
Neutral sectors: XLI, XLB, XLE,
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
38 of 100 NDX stocks
closed higher on Tuesday.
64 NDX stocks are above their 30 DMA: PAYX, INTU, GOOGL, ILMN, SNPS, MRNA, REGN, DXCM, ADBE, DOCU, LULU, MSFT, TEAM, ISRG, ANSS,
CDNS, QCOM, SPLK, AAPL, CPRT, MELI, ADSK, CDW, COST, ORLY, VRSK, ADP, PEP,
FAST, CHKP, CTAS, AMD, ALGN, CSCO, EXC, MRVL, HON, ASML, AVGO, CMCSA,
AEP, CTSH, XEL, AMAT, EA, KLAC, XLNX, NXPI, TSLA, CHTR, SGEN, MCHP,
NVDA, FB, MXIM, CSX, FOXA, FISV, MNST, BKNG, DLTR, GILD, ROST, WBA,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 5
BKNG, DLTR, GILD, ROST,
WBA,
Moving Below 30 DMA = 9
BIIB,
CERN, IDXX, LRCX, MU, TXN, VRTX, WDC, ZM,
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