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QQQ made a new all-time closing high and SPY pulled back $1.62 after an all-time high on Thursday. Stocks were generally lower but many stocks like MTCH, MRNA and LVS had solid gains. AAPL, ASML, DXCM, FB and NFLX hit new highs on Tuesday.
SPX closed above 4,500 for the seventh day and NDX again closed above 15,600.
NIO -1.46, -3.70% fell in after-hours on news that it filed for an at-the-market offering of up to $2 billion.
SPY down 1.62 at 451.46, on 51.6 million shares, below average volume, down on higher volume.
VIX up 1.73 at 18.14
DIS, AAPL, V, AXP led the DJIA, 5 advancers, -5
The two-year trend term is up. The one-year trend is up.
Up: QQQ,
SPY = Bull flag setup
Three of eleven sectors were higher on Tuesday, led by XLY, XLC and XLK.
Consumer Discretionary leaders: WYNN, LVS, PENN, EXPE
Communication Services leaders: NFLX, GCI, LYV, DIS
Advancers were lower on Tuesday as decliners led 2,306 to 1,021 on the NYSE and led 2,797 to 1,705 on the NASDAQ.
The SPY MFC green line is pointed down at 92.9 and is counter-trend defensive. SPY is a bull flag setup.
Uptrend sectors: XLY, XLK, XLV, XLC, XLRE, XLU, XLP, XLF,
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: Sideways
28 of 100 NDX stocks closed higher on Tuesday.
60 NDX stocks are above their 30 DMA: INTU, GOOGL, ILMN, SNPS, REGN, DXCM, ADBE, MSFT, TEAM, ISRG, CDNS, QCOM, SPLK, MELI, CDW, COST, VRSK, AMD, ALGN, CSCO, EXC, ASML, CMCSA, CTSH, XLNX, CHTR, MCHP, FISV, GILD, WBA, EBAY, MRVL, NFLX, NVDA, AAPL, FB, FOXA, NXPI, TSLA, AVGO, EA, KLAC, TCOM, BKNG, JD, OKTA, PDD, CRWD, ANSS, AMZN, PYPL, VRSN, NTES, BIDU, MRNA, IDXX, MTCH, TXN, AMAT, INTC,
NDX Stocks to Watch on Wednesday:
Moving Below 30 DMA = 12
AEP, CPRT, CTAS, DOCU, FAST, INCY, KDP, LRCX, MNST, PEP, SIRI, XEL,
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