© 2021
SPY, QQQ, DIA, IWM gapped up on this morning but reversed and closed lower.
A few stocks like PANW, TSCO, FTNT and BX moved higher on Tuesday.
SPX closed below 4,500 for the fourth day in a row and NDX closed below 15,400.
SPY down 2.41 at 444.17, on 78.1 million shares, above average volume, down on lower volume.
VIX up .09 at 19.46
MSFT, CRM, KO led the DJIA, 3 advancers, -20
The two-year trend term is up. The one-year trend is up.
Up:
SPY = bull flag setup
All eleven sectors were lower on Tuesday, led by XLV, XLK and XLRE.
Health Care leaders: ZBH, STE, TFX, PRGO
Technology leaders: INTU, FTNT, NOW, MSFT
Advancers weakened on Tuesday as decliners led 2,288 to 1,021 on the NYSE and led 3,227 to 1,261 on the NASDAQ.
The SPY MFC green line is pointed down at 62 and is defensive. SPY is a bull flag setup.
Uptrend sectors: XLY, XLK, XLC, XLRE, XLF, 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
36 of 100 NDX stocks closed higher on Tuesday.
52 NDX stocks are above their 30 DMA: INTU, GOOGL, ILMN, SNPS, DXCM, MSFT, TEAM, CDNS, QCOM, SPLK, MELI, COST, VRSK, ALGN, CSCO, EXC, ASML, XLNX, MCHP, NFLX, NVDA, FB, TSLA, AVGO, EA, KLAC, TCOM, BKNG, JD, OKTA, PDD, AMZN, PYPL, VRSN, BIDU, MRNA, MTCH, CTAS, SBUX, ADI, LULU, MRVL, AMAT, INTC, TXN, KDP, LRCX, MAR, ANSS, CPRT, ISRG, REGN,
NDX Stocks to Watch on Wednesday:
Moving Below 30 DMA = 11
AAPL, CDW, CHTR, CMCSA, CTSH, EBAY, GILD, MU, NXPI, PTON, WBA,
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