QQQ, SPY, DIA Lead Broad Rally...Discretionary, Real Estate, Communication Lead Sectors...NFLX -25% in After-hours...

 
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QQQ, SPY, DIA, IWM opened flat and closed higher in a broad rally led by 10 sectors and strong earnings reactions on Tuesday.  Earnings continue on Wednesday morning.   
 
NFLX, -89.70, -25.73% after hours, reported earnings, that missed on revenues and subscriber growth was negative. 
 
Oil futures, (/CL -4.62) closed at $102.40. 
 
Talks between UKR / RUS continue to have no clear path towards a ceasefire.  
 
Earnings season:  Wednesday morning EPS reports from ABT, ANTM, BKR, CMA, MKTX, MTB, NDAQ, PG and NFLX, IBM, OMC Tuesday AMC.
Q1 Earnings Reports:
Positive reactions: SBNY, CFG, HAS, FITB, PLD, JNJ, JBHT, SYF, BAC, C, USB, FRC, DAL, FAST,
Neutral reactions: HAL, GS, MS, UNH, BLK,
Negative reactions: TRV, LMT, TFC, SCHW, BK, STT, WFC, PNC, JPM
 
 
SPY up 7.07 at 445.04, on 77.7 million shares, below average volume, up on higher volume.
VIX down .80 at 21.37
QQQ up 7.57 at 346.26.
 
NKE, BA, DIS, JNJ led the DJIA, 27 advancers, +16
SBNY, ABMD, GNRC, CFG led the SPX, 442 advancers.
ISRG, OKTA, DOCU, TEAM led the NDX, 90 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, IWM, SPY, DIA,
Down: 
 
Ten of eleven sectors were higher on Tuesday, led by XLY, XLRE and XLC. 
 
Consumer Discretionary leaders:  PENN, WYNN, ETSY, CZR
Real Estate leaders:  WY, PLD,
Communication Services leaders:  MTCH, CHTR, DIS, NFLX, FB
 
Advancers strengthened on Tuesday as advancers led 2,274 to 1,059 on the NYSE and led 3,369 to 1,320 on the NASDAQ.
 
The SPY MFC green line is turned up at 54 and is bullish.  SPY moved above the HOLD in its 14-day pullback, in a 3-month sideways channel.    
 
 
Uptrend sectors:  XLE, XLU, XLP, XLV, XLB, XLRE,
Neutral sectors:  XLF, XLI,
Down trend sectors: XLK, XLY, XLC,
 
The 6-month intermediate trend is sideways.  The ten-day trend is down.
 
3-month Intermediate Term Market Trend: Sideways
3-day Short Term Market Trend: Sideways
 
90 of 100 NDX stocks closed higher on Tuesday.
 
49 NDX stocks are above their 30 DMA:  EXC, DLTR, KHC, COST, AEP, AMGN, PAYX, XEL, ADP, SGEN, AZN, REGN, CRWD, VRTX, CTAS, DXCM, PANW, VRSK, ABNB, TSLA, FTNT, BIIB, NTES, PEP, BKNG, CMCSA, LULU, MNST, ROST, TMUS, GILD, MDLZ, ORLY, HON, MAR, SPLK, FISV, ADI, INTU, AMZN, DOCU, FB, ILMN, ISRG, KDP, MELI, TXN, VRSN, ZS,
 
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 10
AMZN, DOCU, FB, ILMN, ISRG, KDP, MELI, TXN, VRSN, ZS,
 
Moving Below 30 DMA = 0
 
 
 
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