NDX Leads Rally as Technology Leads Sectors...

 
 
© 2021
 
 
Stocks opened higher and closed higher on Tuesday as QQQ and IWM led.  The SPX closed at 4,686 +95.08, and the NDX closed at 16,325, +479.50.
 
 
SPY up 9.49 at 468.28, on 95.8 million shares, above average volume, up on lower volume.  
VIX down 5.29 at 21.89
QQQ up 11.63, +3.01% at 397.83
 
AXP, AAPL, CRM, INTC led the DJIA, 24 advancers, -4
FTNT, AZO, NOW, FANG led the SPX, 430 advancers.
PDD, TEAM, NVDA, MRVL led the NDX, 86 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, IWM, SPY, DIA,  
Down:
 
SPY = channel bounce trigger, close above 30 dma
DIA = channel bounce continuation, close above 30 dma
QQQ = channel bounce trigger, close above 30 dma
IWM = channel bounce trigger
 
All eleven sectors were higher on Tuesday, led by XLK, XLE and XLY.
 
Technology leaders: FTNT, NVDA, NOW, NXPI
Energy leaders: FANG, DVN, MRO, OXY
Consumer Discretionary leaders: AZO, ETSY, CMG, ULTA
 
Advancers strengthened on Tuesday as advancers led 2,685 to 711 on the NYSE and led 3,583 to 1,138 on the NASDAQ.
 
The SPY MFC green line is turned up at 35.2 and is bullish.  SPY closed above the HOLD. 
 
 
Uptrend sectors:  XLK, XLY, XLRE, XLE, XLB, XLI, XLF, XLV,
Neutral sectors:  XLP, XLU,
Down trend sectors: XLC,
 
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
 
86 of 100 NDX stocks closed higher on Tuesday.
 
54 NDX stocks are above their 30 DMA:  DLTR, VRSK, XLNX, AVGO, NVDA, AAPL, COST, INTU, QCOM, KLAC, NXPI, PTON, VRSN, LRCX, MCHP, MU, GILD, VRTX, ADP, CDW, CSCO, FAST, ORLY, SNPS, TXN, XEL, CSX, MRVL, PEP, AEP, AMGN, ANSS, CTAS, CTSH, FISV, INTC, MDLZ, SBUX, WBA, ADI, ALGN, AMAT, AMD, AMZN, CDNS, CERN, EXC, GOOGL, INCY, MNST, MSFT, NTES, REGN, TMUS,
 
 
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 15
ADI, ALGN, AMAT, AMD, AMZN, CDNS, CERN, EXC, GOOGL, INCY, MNST, MSFT, NTES, REGN, TMUS,
 
Moving Below 30 DMA = 1
SIRI,
 
 
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