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/ES and /NQ futures moved lower overnight and QQQ, SPY, IWM and DIA opened and closed lower.
MU -2.61, -3.57% fell in after-hours trading on EPS reaction.
SPX closed below 4,400 and NDX closed at 14,770.
SPY down 8.92 at 433.72, on 130.4 million shares, above average volume, down on higher volume.
VIX up 4.49, at 23.25
CVX, CAT led the DJIA, 2 advancers, -13
The two-year trend term is up. The one-year trend is up.
Up:
SPY = channel bounce down
One of eleven sectors was higher on Tuesday, led by XLE.
Energy leaders: SLB, COP, HAL, XOM
Advancers weakened on Tuesday as decliners led 2,665 to 652 on the NYSE and led 3,676 to 809 on the NASDAQ.
The SPY MFC green line is pointed up at 45.2 and is bullish. SPY is a bounce continuation pause.
Uptrend sectors: XLY, XLF, XLK, XLC, XLP, XLU, XLV,
Down trend sectors: XLE,
The 6-month intermediate trend is up. The ten-day trend is down.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Down
5 of 100 NDX stocks closed higher on Tuesday.
19 NDX stocks are above their 30 DMA: TEAM, VRSK, MCHP, NFLX, TSLA, KLAC, BKNG, MTCH, ADI, LULU, TXN, MAR, ORLY, FOXA, SGEN, TCOM, MU, INTC, KHC,
NDX Stocks to Watch on Wednesday:
Moving Below 30 DMA = 17
AMAT, AMD, AMZN, AVGO, BIDU, COST, CPRT, CTSH, DXCM, INTU, JD, LRCX, MRVL, NXPI, PDD, WDAY, XLNX,
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1 comment:
Wow, quite a few NDX stocks fell below their 30 day moving average. Thanks for your blog, Dave :-)
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