SPY, QQQ, DIA, IWM Pause, Test Friday's DB BO on Monday...Discretionary Leads Sectors...MOS Leads SPX...

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The SPX -26.09 opened lower on a BO test that traded in a range above the Friday’s BO level.  SPY, QQQ, IWM, DIA each paused Monday on a BO test and closed above Friday’s double bottom BO area.

SPY down 2.33 at 412.93, on 95.9 million shares, average volume, down on higher volume.

VIX down .35 at 26.19, down from 26.54 in Monday's global session.

QQQ down .82 at 308.28

NKE, DIS, JPM, TRV led the DJIA, 9 advancers, -21

MOS, HAS, IPGP, SYF led the SPX, 103 advancers

JD, AMZN, PDD, DXCM led the NDX, 22 advancers

The two-year trend term is up.  The one-year trend down a little.

Up: 

Down: QQQ, SPY, DIA, IWM,

One of eleven sectors was higher on Tuesday, led by XLY, XLC and XLF.

Consumer Discretionary leaders:  AMZN, HAS, NKE, LVS

Communication Services leaders:  DISH, GOOGL, PARA, NFLX

Financial leaders: SYF, SBNY, CFG, TFC

Advancers weakened on Tuesday as decliners led 2,158 to 1,165 on the NYSE and led 2,884 led to 1,917 on the NASDAQ.

The SPY MFC green line is pointed up at 35.1 and is short-term bullish.  SPY opened lower on a BO test that traded in a range above the BO level.

Uptrend sectors:  XLE, XLU,

Neutral sectors:  XLP, XLV, XLB,

Down trend sectors: XLRE, XLY, XLI, XLK, XLF, XLC,

The 6-month intermediate trend is down.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Up

22 of 100 NDX stocks closed higher on Tuesday.

57 NDX stocks are above their 30 DMA:   MNST, GILD, EA, NTES, NXPI, XEL, ADI, SNPS, AMGN, EXC, MCHP, SIRI, TMUS, VRTX, AEP, AMD, CHTR, CMCSA, KLAC, LRCX, SGEN, ZM, ADBE, ADSK, AMAT, ATVI, BIDU, BKNG, CDNS, CPRT, DLTR, FISV, FTNT, LCID, MU, PDD, TXN, ADP, ASML, AVGO, CTAS, DOCU, INTC, INTU, JD, MAR, MRNA, MRVL, MSFT, MTCH, NVDA, PCAR, PYPL, QCOM, SBUX, WBA, SWKS,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 1

SWKS,

Moving Below 30 DMA = 7

ANSS, BIIB, FAST, HON, ORLY, PEP, REGN,

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