QQQ, SPY New All-time Closing High, IWM, DIA Rise...Energy, Discretionary, Materials Lead Sectors...

 
 
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Both QQQ and SPY traded in a narrow trading range on Tuesday while making new all-time closing highs.  ADBE, ADSK, CDNS, CSCO (21-year high), GOOGL, INTU, SNPS and TEAM also made new highs on Tuesday.
 
PANW +69.30, +18.60%, BBY +9.33, +8.32%, RIOT +1.90, +5.32%, gained on Tuesday on positive earnings reactions.
 
 
SPY up .71 at 447.97, on 38.5 million shares, below average volume, up on lower volume.  
VIX up .07 at 17.22
QQQ up 1.14, +0.31% at 374.37
 
 
DOW, GS, CAT, CSCO led the DJIA, 16 advancers, -5
BBY, LS, WYNN, GCI, CZR led the SPX, 312 advancers.
PDD, JD, NTES, BIDU led the NDX, 56 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, QQQ, SPY, DIA,
Down:
 
SPY = New high close
DIA = bull flag bounce continuation
QQQ = New high close
IWM = channel bounce continuation
 
Six of eleven sectors were higher on Tuesday, led by XLE, XLY and XLB.
 
Energy leaders: APA, OXY, DVN, FANG
Consumer Discretionary leaders: XLNX, NVDA, MXIM, AMD
Basic Materials leader: LVS, WYNN, NCLH, TPR, CZR
 
 
Advancers weakened slightly on Tuesday as advancers led 2,238 to 1,084 on the NYSE and led 2,881 to 1,613 on the NASDAQ.
 
The SPY MFC green line turned up at 83.7 and is bullish.  SPY is a new high close. 
 
 
Uptrend sectors:  XLK, XLV, XLC, XLU, XLP, XLRE, XLF, XLY,
Neutral sectors:  XLI, XLB,
Down trend sectors: XLE,
 
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
 
56 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, MSFT, TEAM, ISRG, CDNS, QCOM, SPLK, MELI, ADSK, CDW, COST, VRSK, AMD, ALGN, CSCO, EXC, ASML, CMCSA, AEP, CTSH, XLNX, CHTR, SGEN, MCHP, CSX, FISV, MNST, DLTR, GILD, WBA, BIIB, EBAY, MXIM, ROST, CHKP, CTAS, FAST, LULU, MRVL, NFLX, NVDA, AAPL, ANSS, FB, FOXA, NXPI, TSLA, AVGO, EA, KLAC, TCOM, VRTX, BKNG, HON, JD, OKTA, PDD,
 
 
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 5
BKNG, HON, JD, OKTA, PDD,
 
Moving Below 30 DMA = 4
ADI, ADP, PEP, XEL,
 
 
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