Election Day: SPX Opens Higher, Closes Higher, Forms Spinning Top...Materials, Technology, Industrials Lead Sectors Higher...

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The SPX +21.31 opened higher, traded in a range, closed higher and formed a spinning top candle in a trend continuation move on Election Day.

DIA, SPY and IWM were trend continuation on Tuesday.  QQQ was a channel bounce.

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

SPY up 2.05 at 382.00, on 84.6 million shares, below average volume, up on higher volume.

VIX up 1.19 at 25.54, volatility continues elevated.

QQQ up 1.95 at 269.54

AMGN, BA, AXP, VZ led the DJIA, 27 advancers, +0

SEDG, EXPD, WELL, DD led the SPX, 372 advancers

PANW, FTNT, PYPL, ASML led the NDX 77 advancers

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

Up:  DIA, QQQ, SPY, IWM,

Down:

Ten of eleven sectors were higher on Tuesday, led by XLB, XLK and XLI.

Basic Materials leaders:  DD, ALB, MOS, NEM

Technology leaders:  SEDG, FTNT, PYPL, ENPH

Industrials leaders:  EXPD, GNRC, UNP, ODFL

Advancers weakened on Tuesday as advancers led 1,946 to 1,230 on the NYSE and led 2,394 to 2,199 on the NASDAQ.

The SPY MFC green line is pointed down at 67.9 and is defensive.  SPY opened higher and closed higher.

Uptrend sectors:  XLE,

Neutral sectors:  XLF, XLI, XLV,

Down trend sectors:  XLB, XLP, XLY, XLK, XLU, XLRE, XLC,

The 6-month intermediate trend is down.  The ten-day trend is down a little.

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Up

80 of 100 NDX stocks closed higher on Tuesday

66 NDX stock are above their 30 DMA:   BIIB, ORLY, DXCM, GILD, PCAR, AMGN, KHC, PEP, SIRI, ILMN, NFLX, EA, HON, ISRG, WBA, BKNG, ADP, CTAS, CSCO, DLTR, MRNA, AMAT, CHTR, COST, CPRT, CSX, IDXX, LRCX, MDLZ, MNST, NVDA, REGN, ROST, TMUS, AZN, LULU, KLAC, FAST, INTC, MU, VRTX, XEL, AEP, EBAY, MELI, ADBE, ANSS, ZM, EXC, FISV, JD, KDP,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 4

EXC, FISV, JD, KDP,

Moving Below 30 DMA = 1

LCID,

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