SPX within One Point of Nov 5 Closing High...Discretionary, Technology Lead Sectors...HD, NKE, PTON, QCOM Lead DJI, SPX, NDX......

 
 
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SPY made an all-time closing high, while SPX closed less than one point below its all-time closing high 4,701.70 on Nov 5.    
 
RIVN +22.65, +15.16% fifth trading day, traded more that 301,000 contracts today, its first day of options trading.
HD +21.25, +5.73% on positive EPS reaction.
 
Monday: trading range
Tuesday: HD, gapped up, WMT gapped down on EPS, Retails Sales beat consensu
Wednesday: LOW, TGT, TJX eps BMO, CSCO, NVDA eps AMC
Thursday: AMAT, ROST eps AMC
 
 
SPX closed at 4,700, less than one point from its all-time closing high on Nov 5 and NDX closed at 16,309
 
 
SPY up 1.85 at 469.28, on 48.8 million shares, below average volume, up on higher volume.  
VIX down .12 at 16.37
QQQ up 2.81, +0.71% at 397.42
 
 
HD, NKE, V, MSFT led the DJIA, 12 advancers, -1
IQV, FTI, ETSY, WST led the SPX, 262 advancers.
PTON, QCOM, TSLA, AMD led the NDX, 63 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, SPY, DIA, IWM,
Down:
 
SPY = bull flag bounce continuation
DIA = five-day bull flag pattern
QQQ = bull flag bounce continuation
IWM = six-day bull flag pattern
 
Five of eleven sectors were higher on Tuesday, led by XLY, XLK and XLV.
 
Consumer Discretionary leaders: HD, ETSY, LOW, TSLA
Technology leaders: QCOM, AMD, INTU, ENPH
Health Care leaders: IQV, WST, CRL, CTLT
 
Advancers were mixed on Tuesday as decliners led 1,810 to 1,503 on the NYSE and led 2,529 to 2,143 on the NASDAQ.
 
The SPY MFC green line is turned up at 90.1 and is bullish.  SPY is a bull flag bounce continuation and a new all-time closing high. 
 
 
Uptrend sectors:  XLK, XLB, XLI, XLY, XLP, XLRE, XLE, XLF, XLV,
Neutral sectors:  XLU, XLC,
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
 
63 of 100 NDX stocks closed higher on Tuesday.
 
69 NDX stocks are above their 30 DMA:  TSLA, SGEN, DLTR, PAYX, ADP, CSX, TEAM, CTAS, MRVL, NTES, PEP, VRSK, XLNX, AMD, 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, KHC, LRCX, MCHP, MU, AMZN, VRTX, WBA, MNST, ORLY, BIDU, EA, JD, NFLX, FB, EBAY, PDD,
 
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 2
EBAY, PDD,
 
Moving Below 30 DMA = 4
GILD, MELI, TCOM, XEL,
 
 
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