SPY, QQQ Bull Flag Setup...Energy, Financial Lead Sectors...DLTR Positive EPS Reaction Leads NDX, SPX...

 
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SPY and QQQ formed a two-day bull flag setup with a hammer candle pattern on Tuesday.  
 
RIVN +1.74, +1.47% closed higher.  RIVN traded 172,885 contracts on its sixth day of options trading.
DLTR +12.15, +9.17% on a positive EPS reaction led the NDX and SPX on Tuesday.
 
 
Monday: ZM negative EPS reaction after-hours
Tuesday: PMI Composite Flash report
Wednesday: Durable Goods and Jobless Claims reports
Thursday: Happy Thanksgiving holiday, market closed  
Friday: Half-day of trading, typically the lightest volume day of the year
 
SPX closed at 4,690 and NDX closed at 16,306
 
 
SPY up .62 at 468.19, on 73.2 million shares, above average volume, down on higher volume.  
VIX up .21 at 19.38
QQQ down 1.82, -0.46% at 397.48
 
GS, JPM, UNH, TRV led the DJIA, 20 advancers, +0
APA, OXY, WDC, EOG led the SPX, 316 advancers.
DLTR, ROST, VRTX, LRCX led the NDX, 50 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: DIA, SPY
Down: IWM, QQQ,
 
SPY = two-day bull flag setup
DIA = at support, break of support or channel bounce
QQQ = two-day bull flag setup
IWM = pullback, Re-breakout setup at intermediate term resistance
 
Eight of eleven sectors were higher on Tuesday, led by XLE, XLF and XLRE.
 
Energy leaders: APA, OXY, EOG, DVN
Financial leaders: AIG, DFS, SYF, PGR
Real Estate leaders: CBRE, MAA, HST, WELL
 
Advancers were stronger on Tuesday as decliners led 1,821 to 1,593 on the NYSE and led 2,778 to 1,957 on the NASDAQ.
 
The SPY MFC green line turned down at 91.9 and is counter-trend defensive.  SPY is a pause at resistance BO setup. 
 
 
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: Sideways
 
50 of 100 NDX stocks closed higher on Tuesday.
 
57 NDX stocks are above their 30 DMA:  TSLA, DLTR, PAYX, ADP, CSX, CTAS, MRVL, NTES, PEP, VRSK, XLNX, FAST, AMD, MSFT, ANSS, AVGO, CTSH, EXC, NVDA, AAPL, ADBE, COST, INTU, LULU, CDNS, QCOM, AEP, SNPS, GOOGL, REGN, ADI, AMAT, CDW, KLAC, NXPI, PTON, VRSN, ALGN, LRCX, MCHP, MU, AMZN, MNST, JD, FB, GILD, XEL, TXN, AEP, CERN, KDP, ORLY, PCAR, MDLZ, ROST, SBUX, VRTX,

 
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 4
MDLZ, ROST, SBUX, VRTX,  
 
Moving Below 30 DMA = 2
ASML, DXCM,
 
 
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