IWM, QQQ, SPY Lead Broad Rally on Tuesday...Industrials, Communication Services, Energy Lead Eleven Sectors Higher...NFLX Positive EPS Reaction in After-hours...

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The SPX +105.84, gapped up on the open, and trended higher all day.  /CL, GLD and TNX closed higher, while DXY and TLT moved lower.

Earnings season continued this morning with positive reactions from TFC, HAL, CFG, neutral reactions from LMT, HAS and negative reactions from IBM, SBNY, JNJ.  Seventeen SPX companies report Wednesday.

71 SPX companies report EPS this week:  BAC, GS, PLD, SCHW, SYF, IBM, CFG, HAL, HAS, JNJ, LMT, SBNY, TFC, JBHT, NFLX, OMC, ABT, BIIB, BKR, CMA, ELV, MKTX, MTB, NDAQ, NTRS, CCI CSX, DFS, EFX, KMI, LVS, TSLA UAL, AAL, ALK, DGX, DHI, DHR DOV DOW DPZ FCX FITB HBAN, IPG, IQV KEY, MMC, NUE PM, POOL, SNA, T, TRV, TSCO, UNP, COF, ISRG, PPG, RHI, SIVB, STX, WRB, AXP, HCA, NEE, RF, ROP, SLB, TWTR, VZ

First day reaction:

Positive: TFC, HAL, CFG, GS, C, STT, BK, WFC, UNH, USB, PGR, BLK, PNC, CTAS, FRC,

Neutral: LMT, HAS, SYF, BAC, MS, PEP,

Negative:  IBM, SBNY, JNJ, PLD, SCHW, CAG, JPM, FAST, DAL,

NFLX +14.92, +7.40%, positive EPS reaction Tuesday after-hours

OMC +5.09, +7.55%, positive EPS reaction Tuesday after-hours

SPY up 10.32 at 392.27, on 78.3 million shares, below average volume, up on higher volume.

VIX down .80 at 24.50

QQQ up 8.90 at 298.30

BA, GS, NKE, CAT led the DJIA, 28 advancers, +26

CZR, PVH, CCL, ON led the SPX, 492 advancers

MTCH, MRVL LRCX, NFLX led the NDX, 98 advancers

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

Up: IWM, QQQ, SPY, DIA,

Down:  

All eleven sectors were higher on Tuesday, led by XLI, XLC and XLE.

Industrials leaders:  TDG, ROK, BA, UAL

Communication Services leaders:  MTCH, GCI, LYV, NFLX

Energy leaders:  SWN, FTI, DVN, APA

Advancers strengthened on Tuesday as advancers led 2,708 to 525 on the NYSE and led 3,512 to 1,079 on the NASDAQ.

The SPY MFC green line turned up at 38.2 and is short-term bullish.  SPY opened higher, closed higher and closed above short-term resistance on July 8.

Uptrend sectors:    

Neutral sectors:   XLP, XLV, XLE, XLU,

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

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

98 of 100 NDX stocks closed higher on Tuesday.

79 NDX stocks are above their 30 DMA:   SGEN, MNST, BIIB, VRTX, DLTR, TMUS, AZN, COST, DXCM, OKTA, ORLY, KDP, KHC, PEP, VRSK, AMGN, SIRI, VRSN, AAPL, CDNS, CPRT, IDXX, CTAS, LCID, QCOM, TSLA, ADI, CHTR, ROST, SWKS, TXN, ALGN, AMZN, ATVI, CMCSA, CRWD, FISV, ISRG, MCHP, MU, NFLX, NXPI, ODFL, OKTA, PANW, SNPS, INTC, KLAC, SPLK, ABNB, ADBE, ADP, ADSK, AMAT, AMD, ANSS, ASML, AVGO, CSCO, CSX, EBAY, FTNT, GILD, GOOGL, INTU, JD, LRCX, LULU, MAR, MDLZ, MELI, META, MRVL, MSFT, NVDA, PAYX, PCAR, PYPL, REGN, ZS,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 31

ABNB, ADBE, ADP, ADSK, AMAT, AMD, ANSS, ASML, AVGO, CSCO, CSX, EBAY, FTNT, GILD, GOOGL, INTU, JD, LRCX, LULU, MAR, MDLZ, MELI, META, MRVL, MSFT, NVDA, PAYX, PCAR, PYPL, REGN, ZS,

Moving Below 30 DMA = 0

 

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