QQQ, IWM, SPY Close Higher...Communication Services, Discretionary, Technology Leads Sectors...

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Stocks opened lower after the Fourth of July holiday, reversed mid-morning and the SPX +6.06 closed higher and formed a second bullish engulfing candle pattern.  DXY, TLT rose while /CL, GLD and TNX moved lower.

Fed Minutes 2 p.m. ET on Wednesday.

SPY up 0.72 at 381.96, on 81.4 million shares, below average volume, up on higher volume.
VIX up 0.01 at 27.54
QQQ up 4.83 at 286.96

NKE, CRM, AAPL, AAPL led the DJIA, 12 advancers, -12

ETSY, NCLH, CZR, PAYC led the SPX, 216 advancers

ZM, MELI, LULU, DDOG led the NDX, 69 advancers

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

Up:  QQQ, IWM, SPY,

Down: DIA,

Three of eleven sectors were higher on Tuesday, led by XLC, XLY and XLK.

 

Communication Services leaders:  META, GOOGL, MTCH, NFLX

Consumer Discretionary leaders:  ETSY, NCLH, CZR, CCL

Technology leaders:  PAYC, CDAY, MU, PYPL

Advancers were mixed on Tuesday as decliners led 1,788 to 1,470 on the NYSE and advancers led 2,677 to 2,049 on the NASDAQ.

The SPY MFC green line is pointed down at 32.7 and is short-term bearish.  SPY traded in a range that closed higher, formed another bullish engulfing candle and a channel bounce trigger.

Uptrend sectors:

Neutral sectors:  XLE, XLU,

Down trend sectors: XLV, XLP, XLY, XLB, XLI, XLK, XLF, XLRE, 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: Sideways

69 of 100 NDX stocks closed higher on Tuesday.

42 NDX stocks are above their 30 DMA:   SGEN, ZM, BIDU, PDD, JD, MNST, BIIB, CRWD, VRTX, DLTR, TEAM, TMUS, ATVI, AZN, COST, DXCM, OKTA, ORLY, KDP, KHC, MDLZ, ODFL, PEP, VRSK, AMGN, CHTR, DDOG, GILD, PANW, SIRI, VRSN, ZS, AAPL, AMZN, CDNS, CPRT, FTNT, GOOGL, IDXX, INTU, MSFT, NFLX,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 10

AAPL, AMZN, CDNS, CPRT, FTNT, GOOGL, IDXX, INTU, MSFT, NFLX,

Moving Below 30 DMA = 4

AEP, CTAS, EXC, XEL,

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