QQQ, SPY Closes Higher...FTNT Leads SPX...Technology, Energy, Communication Services Lead Sectors...CPI Wednesday BMO...

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QQQ and SPY opened higher, traded in a volatile range, closed up for the day, but still closed below short-term and one-year support near Monday’s low.    

CPI report Wednesday BMO.

SPY up .92 at 399.09, on 132.4 million shares, above average volume, up on lower volume.
VIX down 1.76 at 32.99
QQQ up 3.61 at 300.76
 

INTC, CRM, MSFT, AAPL led the DJIA, 14 advancers, +7

FTNT, SYY, IFF, INCY, ADBE led the SPX, 210 advancers

SGEN, FTNT, MCHP, CRWD led the NDX, 69 advancers

The two-year trend term is up.  The one-year trend broke support today.
 
Up:  QQQ, SPY, IWM,
Down:   DIA,

Four of eleven sectors were higher on Tuesday, led by XLK, XLE and XLC. 

Technology leaders:  FTNT, MCHP, ADBE, NVDA

Energy leaders:  DINO, HAL, DVN, OXY

Communication Services leaders:  LYV, NFLX, DISH, GOOGL

Advancers strengthened on Tuesday as decliners led 1,958 to 1,417 on the NYSE and led 2,787 to 2,092 on the NASDAQ.

The SPY MFC green line is pointed down at 15.5 and is short-term bearish.  SPY did a breakout test on Tuesday and stayed below one-week and one-year support.    

Uptrend sectors:  XLE, XLU, XLP,
Neutral sectors:  XLV, XLB,
Down trend sectors: XLRE, XLY, XLI, XLK, XLF, XLC,
 
The 6-month intermediate trend is down.  The ten-day trend is down.
 
3-month Intermediate Term Market Trend: Down
3-day Short Term Market Trend: Down
 
69 of 100 NDX stocks closed higher on Tuesday.
 
6 NDX stocks are above their 30 DMA:  KHC, MDLZ, GILD, HON, MNST, NXPI,
 
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 3

HON, MNST, NXPI,

Moving Below 30 DMA = 3

PCAR, PEP, XEL,

  

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