SPX, NDX Bounced, Closed Higher for a Second Day...Technology, Utilities, Communication Services Lead Sectors...Bull Flag Setups...NVDA Reports EPS Wednesday AMC...

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SPX +23.36, 5,916, rose after a lower open following comments from Russia regarding its updated nuclear doctrine.  NDX +0.71%, for a second day, formed a bullish engulfing candle that confirmed Monday’s bullish harami.

Bull flag bounces on Tuesday included:  NVDA, QQQ, SPY, TEAM, DASH, CTAS, AMZN

Bull flag bounce continuations on Tuesday: TSLA, NFLX, CRWD, TTWO, GOOGL

Bull Flag Setups: MAR, HON, PYPL, FTNT

NVDA +6.86, +4.89%, opened higher, in a bull flag bounce as Truist raised its price target from $148 to $167, Stifel raised its price target from $165 to $180, and Fubon raised its price target from $170 to $200.  NVDA will report earnings tomorrow, Wednesday, Nov 20 after the close.

TSLA +7.26, +2.14%, opened lower, reversed, rose in a bull flag bounce continuation pattern.   

Mega caps NVDA, TSLA, GOOGL, AMZN, META, MSFT, AAPL rose and BRK/B fell on Tuesday.

SPY up 2.15 at 590.30, 49.1 million shares, above average volume,

VIX up .77 at 16.35

QQQ up 3.44 at 503.46

NVDA, WMT, AMZN, BA led the DJIA, 12 advancers, -3       

SMCI, VST, NVDA, GEV, UAL led the SPX, 189 advancers

SMCI, DDOG, NVDA, TEAM, ARM led the NDX, 49 advancers

Up:  IWM, QQQ, SPY,

Down:  DIA,

The SPY MFC green line is pointed down at 72.4 and is defensive. -4.3.

Six of eleven sectors were higher on Tuesday, led by XLK, XLU and XLC. 

Uptrend sectors:   XLF, XLC, XLI, XLK, XLU, XLB, XLY, XLRE, XLP, XLV,

Neutral sectors: XLE,

Down trend sectors:

The 6-month intermediate trend is up.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

49 of 100 NDX stocks closed higher on Tuesday.

49 NDX stocks are above their 30 DMA:  DASH, ADSK, CSCO, BKNG, FAST, TMUS, ADP, MRVL, NVDA, TEAM, PANW, TTWO, EA, ISRG, NFLX, BKR, TSLA, GOOGL, ODFL, CDNS, CHTR, VRSK, WBD, XEL, AMZN, ANSS, CRWD, INTU, ZS, PCAR, COST, CSX, CTAS, GFS, INTC, MAR, MDB, WDAY, CPRT, FTNT, HON, ORLY, PYPL, DXCM, SBUX, ADBE, DDOG, MNST, SNPS,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 3

DDOG, MNST, SNPS,

Moving Below 30 DMA = 4

CMCSA, DLTR, LULU, TXN,  

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