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QQQ, SPY and DIA opened lower, reversed and closed slightly lower on
an afternoon selloff on below average volume.
Earnings season starts Wednesday BMO on October 13 with JPM, BLK, DAL,
FRC reporting.
FOMC minutes released Wednesday at 2 pm ET.
SPX closed at 4,350 and NDX closed at 14,662.
SPY down 1.07 at 433.62, on 71.1 million shares, below average volume, down on higher volume.
VIX down .15 at 19.85
QQQ down 1.25, -.36% at 357.14
NKE, CRM, AXP, GS led the DJIA, 7 advancers, +1
MGM, ETSY, ENPH, VFC led the SPX, 237 advancers.
OKTA, CRWD, FAST, SPLK led the NDX, 48 advancers.
The two-year trend term is up. The one-year trend is up.
Up: IWM,
Down: SPY, DIA, QQQ,
SPY = MACD divergence bounce test
day 2
DIA = MACD divergence bounce test
day 2
QQQ = MACD divergence bounce test
day 2
IWM =
channel bounce up
Six of
eleven
sectors were higher on Tuesday, led by XLRE,
XLY and XLU.
Real Estate leaders: PSA, PLD, EXR, DRE
Consumer Discretionary leaders: MGM, ETSY, VFC, F
Utilities leaders: ED,
CNP, EXC, ES
Advancers strengthened on Tuesday as advancers led 1,987 to 1,302 on the NYSE
and led 2,616 to 1,855 on the NASDAQ.
The SPY MFC green line
is pointed up at 34.6 and is bullish. SPY is a MACD divergence bounce test
day two.
Uptrend sectors: XLE, XLF, XLY, XLK, XLRE, XLC, XLV,
Neutral sectors: XLP, XLU, XLI, XLB,
Down trend sectors:
The 6-month intermediate trend is up. The
ten-day trend is down a little.
3-month Intermediate Term Market Trend: Sideways
3-day Short Term Market Trend: Sideways
48 of 100 NDX stocks
closed higher on Tuesday.
28 NDX stocks are above their 30 DMA: NFLX, TSLA, BKNG, MTCH, MAR, FOXA, SGEN, TCOM,
KHC, DLTR, PAYX, ADP, CSX, ORLY, TEAM, CTAS, MRVL, NTES, PEP, VRSK, EBAY, KDP,
XLNX, BIDU, JD, SPLK, CHKP,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 1
FAST,
Moving Below 30 DMA = 1
EA,
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1 comment:
Thank you Dave for your continued posting on this blog.
I appreciate it.
Robert
CANI_212
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