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The SPX +3.96 opened lower and closed higher on Tuesday
as sellers and buyers came into balance and price action formed a spinning top. VIX closed lower.
GLD, /CL and TNX closed higher, while TLT and DXY
moved lower.
After hours: NKE +13.18, +12.77% and FDX +7.86, +4.78% moved higher on a
positive EPS reaction
SPY up .52 at 380.54, on 74.4
million shares, below average volume, up on lower volume.
VIX down .94 at 21.48
QQQ down .21 at 269.54
IBM, CVX, DIS, BA led the DJIA, 19 advancers, +9
GCI, NEM, SLB, HAL led the SPX, 267 advancers
MRNA, SGEN, ADBE, BKR led the NDX, 44 advancers
The two-year trend term is up a little. The
one-year trend down.
Up: IWM, DIA, SPY,
Down: QQQ,
Seven of eleven sectors were higher on Tuesday, led by XLE, XLC and
XLB.
Advancers strengthened on Tuesday as advancers led 1,650 to 1,497 on the NYSE and
led 2,342 to 2,246 on the NASDAQ.
The SPY
MFC green line pointed down at 40.3 and is short-term
bearish on Tuesday. SPY
opened lower and closed higher.
Uptrend sectors: XLV, XLP,
XLB, XLI, XLF, XLE,
Neutral sectors: XLK, XLU, XLC, XLRE,
Down trend sectors: XLY,
The 6-month intermediate
trend is sideways. The ten-day trend is down.
3-month Intermediate Term Market
Trend: Sideways
3-day Short Term Market Trend: Down
44 of 100 NDX stocks
closed higher on Tuesday
20 NDX stock are above their 30 DMA: AMGN,
KHC, ROST, AZN, KLAC, XEL, AVGO, PDD, ATVI, JD, EXC, META, OKTA, WDAY, ALGN, DDOG, SGEN, MRNA, ADBE, MNST,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 2
ADBE, MNST,
Moving Below 30 DMA = 4
ADI, AEP, GILD, NVDA,
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