© 2021
QQQ, SPY, DIA, IWM opened flat and rose to an all-time closing high on
Tuesday. IWM, +0.49, +0.21%, made a new intra-day and
closing high after being in a nine-month trading range. DJI closed above 36,000 for the first time.
Monday: SPX, DJIA, NDX new all-time closing high
Tuesday: SPX, DJIA, NDX, RUT new all-time closing high, RUT
HBO 9-month channel
Wednesday: FOMC meeting,
announcement 2 pm ET, Press conference 2:30 pm ET
Consensus: announce purchase reduction of $10B treasury securities
and $5B mortgage-backed securities each month.
Friday BMO: October Employment Situation report, consensus 400K
SPX closed at 4,630, and NDX closed at 15,972.
SPY up 1.86 at 461.90, on 48.9 million shares, below average volume, up on similar volume.
VIX down .38 at 16.03
QQQ up 1.62, +0.42% at 389.05
CSCO, AMGN, DOW, GS led the DJIA, 18 advancers, -1
ANET, UAA, DD, IPGP led the SPX, 287 advancers.
MRNA, MCHP, KLAC NVDA led the NDX, 70 advancers.
The two-year trend term is up. The one-year trend is up.
Up: QQQ, SPY, DIA, IWM,
Down:
SPY = all-time closing high
DIA = all-time closing high
QQQ = all-time closing high
IWM = all-time closing high, BO
setup
Nine
of eleven
sectors were higher on Tuesday, led by XLB,
XLRE and XLK.
Basic Materials leaders: DD, MLM, VMC, EMN
Real Estate leaders: SPG, SBAC, EXR, KIM
Technology leaders: ANET,
IPGP, ZBRA, FFIV
Advancers weakened on Tuesday as decliners led 1,812 to 1,529
on the NYSE and advancers led
2,377 to 2,258 on the NASDAQ.
The SPY MFC green line
is pointed up at 96 and is bullish. SPY is a new all-time closing high.
Uptrend sectors: XLY, XLK, XLRE, XLB, XLI, XLE, XLF, XLV,
XLP,
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
70 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, JD, SPLK, AMD, CRWD,
MSFT, WDAY, ADSK, ANSS, AVGO, CPRT, CTSH, EXC, NVDA, AAPL, ADBE, COST, DOCU,
INTU, LULU, ZM, ATVI, CDNS, DXCM, QCOM, AEP, EA, ISRG, MDLZ, SNPS, CSCO, GOOGL,
REGN, ASML, SWKS, ADI, AMAT, CDW, HON, ILMN, KDP, KLAC, NXPI, PTON, ROST, SIRI,
XEL, CERN, EBAY, OKTA, VRSN, ALGN, AMGN, BKNG, KHC, LRCX, MCHP, MU, FOXA,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 1
FOXA,
Moving Below 30 DMA = 4
BIDU, IDXX, INCY, VRTX,
Add Comments
here:
No comments:
Post a Comment