SPX Opens Higher Closes Lower, Holds June Support Area...DXY Hits 20 Year High...Energy, Discretionary,

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The SPX -7.75 higher lower, rolled over after Consumer Confidence and New Home Sales reported better than consensus, trended below its open and closed lower.  Seemingly another example of good news being bad news.  SPY, QQQ and IWM each opened higher and closed lower.

DXY, /CL, GLD and TNX closed higher, while TLT moved lower.

SPY down .93 at 363.38, on 108.2 million shares, above average volume, down on higher volume.

VIX up .34 at 32.60

QQQ up .11 at 274.48

CRM, DOW, HD, AAPL led the DJIA, 10 advancers, +6

DINO, FTI, NCLH, MOS, RCL led the SPX, 44 advancers

MU, ABNB, VRTX, TSLA led the NDX 59 advancers

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

Up:  IWM, QQQ,

Down:  SPY, DIA,

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

Energy leaders:  DINO, FTI, MPC, VLO

Consumer Discretionary leaders:  NCLH, RCL, CCL, ETSY

Materials leaders:  MOS, NUE, ALB, FMC

Technology leaders:  ENPH, MU, ON, CDAY

Advancers strengthened on Tuesday as decliners led 1,684 to 1,579 on the NYSE and advancers led 2,376 to 2,284 on the NASDAQ.

The SPY MFC green line is pointed down at 2.7 and is short-term bearish.  SPY opened higher and closed lower.

Sector direction shifted lower again on Tuesday.

Uptrend sectors:   XLY,

Neutral sectors:   XLU, XLE,

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

59 of 100 NDX stocks closed higher on Tuesday

1 NDX stock are above their 30 DMA:   REGN,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 0

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