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Monday: RUT, DJIA, SPX all-time closing high
Tuesday: TSLA, PYPL drop 10%+, SPY, QQQ, IWM Flag pullbacks
Wednesday: CPI report BMO
SPX closed at 4,685, and NDX closed at 16,219.
SPY down 1.55 at 467.38, on 51.1 million shares, below average volume, down on similar volume.
VIX up .56 at 17.78
QQQ down 2.74, -0.69% at 395.32
NKE, HON, CSCO, CVX led the DJIA, 13 advancers, -3
DHI, GPS, IFF, PHM led the SPX, 248advancers.
OKTA, MELI, CRWD, SPLK led the NDX, 56 advancers.
The two-year trend term is up. The one-year trend is up.
Up:
Down: DIA, SPY, IWM, QQQ,
SPY = one-day bull flag
DIA = one-day bull flag
QQQ = two-day bull flag
IWM = one-day bull flag
Six of
eleven
sectors were higher on Tuesday, led by XLU,
XLB and XLE.
Utilities leaders: EXC, XEL, ETR, SO
Basic Materials leaders: IFF, CTVA, SEE, DD
Energy leaders: MPC,
BKR, PSX, HFC
Advancers weakened on Tuesday as decliners led 1,745 to 1,563 on the NYSE and led 2,769 to 1,871 on the NASDAQ.
The SPY MFC green line
is flat at 96.5 and is counter-trend defensive. SPY
is a bull flag.
Uptrend sectors: XLY, XLK, XLB, XLI, XLP, XLRE, XLE, XLF,
XLV,
Neutral sectors: XLC, XLU,
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: Up a little
56 of 100 NDX stocks
closed higher on Tuesday.
74 NDX stocks are above their 30 DMA: NFLX, TSLA, MAR, SGEN, DLTR,
PAYX, ADP, CSX, TEAM, CTAS, MRVL, NTES, PEP, VRSK, XLNX, SPLK, AMD, CRWD, MSFT,
WDAY, ADSK, ANSS, AVGO, CPRT, CTSH, EXC, NVDA, AAPL, ADBE, COST, INTU, LULU,
CDNS, DXCM, QCOM, AEP, ISRG, MDLZ, SNPS, CSCO, GOOGL, REGN, ASML, ADI, AMAT,
CDW, HON, KDP, KLAC, NXPI, PTON, ROST, SIRI, CERN, OKTA, VRSN, ALGN, AMGN, KHC,
LRCX, MCHP, MU, AMZN, INCY, VRTX, WBA, FB, MNST, ORLY, BKNG, MELI, SBUX,
DOCU, EA,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 1
EA,
Moving Below 30 DMA = 5
IDXX, SWKS, TCOM, TMUS, TXN,
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