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SPX and SPY, each made an
all-time closing high on Tuesday. DIA and QQQ moved
higher and closed near their all-time high.
IWM continues near the middle of its sideways trading channel. Another 146 SPX companies report this week.
SPY up 3.56 at 441.15, on 58.0 million shares, average volume, up on similar volume.
VIX down 1.42 at 18.04
QQQ up 2.21, +0.61 at 366.81
IBM, AMGN, MMM, BA led the DJIA, 25 advancers, +18
IT, PXD, UAA, RL, ENPH led the SPX, 386 advancers.
MRNA, MU, AMD, CHTR led the NDX, 65 advancers.
The two-year trend term is up. The one-year trend is up.
Up: SPY, DIA, QQQ, IWM,
Down:
SPY = New
high close.
DIA = BO
setup.
QQQ =
Bull flag bounce.
IWM =
Channel bounce setup.
Ten of
eleven
sectors were higher on Tuesday, led by XLE,
XLV and XLI.
Energy leaders: PXD, FANG, VLO, PSX
Health Care leaders: MRNA,
PFE, LLY, IDXX
Industrials leaders: CARR, ETN, URI, PNR
Advancers strengthened on Tuesday as advancers led 1,985 to 1,311 on the NYSE
and decliners led 2,213 to 2,169 on the NASDAQ.
The SPY MFC green line
turned up at 91.4 and is bullish. SPY
is a new high close and BO setup.
Uptrend sectors: XLV, XLRE, XLK, XLY, XLP, XLC,
Neutral sectors: XLU, XLI, XLF, 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: Sideways
65 of 100 NDX stocks
closed higher on Tuesday.
66 NDX stocks are above their 30 DMA: PAYX, INTU, GOOGL,
IDXX, ILMN, SNPS, MRNA, REGN, DXCM, ADBE, DOCU, LULU, MSFT, TEAM, ISRG, ANSS,
CDNS, QCOM, SPLK, AAPL, CPRT, MELI, ADSK, CDW, COST, ORLY, VRSK, ADP, GILD, PEP,
SBUX, FAST, CHKP, MNST, CTAS, AMD, ALGN, CSCO, EXC, MRVL, HON, ASML,
AVGO, CMCSA, AEP, CTSH, VRTX, XEL, AAL, MAR, AMAT, EA, KLAC, XLNX, CSX,
NXPI, TSLA, TXN, ZM, CERN, CHTR, LRCX, SGEN, MCHP, NVDA, SWKS,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 2
DLTR, MU,
Moving Below 30 DMA = 7
EA, FB, MDLZ, MTCH, PTON, SIRI,
ZM
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1 comment:
Thank you, Dave ….. much appreciate you still recapping the day’s market action while taking the evenings to visit with family.
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