SPX, NDX Closed Lower as Tariff Fears Continue...All Sectors Close Lower...Futures Rise as News of Potential Tariff Deal...After-hours: CRWD Down Negative EPS Reaction...

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State of the Union Address before Congress this evening.

SPX -71.57, 5,778, lower open, volatile trade range on continuing fears of tariffs.  After a lower open and two-hour selloff, a rally to the high of the day and positive price level.  An 85-point selloff in the last 30 minutes helped SPX close lower for the second day.

After the close news that there may be a positive tariff development between the US, Canada and Mexico announced as early as Wednesday, lifted futures, stocks and indexes.

The DJI, 42,520, -1.55%, opened lower, closed lower near its three-month support area.  NDX -0.36% reversed opened lower traded in a range and formed a high-wave spinning top a slightly lower low, below three-support.

SMCI: +3.07, +8.51% opened lower and reversed to form a piercing line candle.

TSLA –12.61, -4.43% opened lower, traded in a range and form a spinning top candle.

After-hours: CRWD –36.36, -9.32% EPS reaction on lowered guidance.

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

SPY down 6.91 at 576.86, 109.1 million shares, above average volume, highest volume since Dec 20

VIX up .73 at 23.51

QQQ down 1.50 at 495.55

NVDA, UNH, IBM, MCD led the DJIA, 6 advancers, -1

ENPH, SMCI, WBA, ALB led the SPX, 84 advancers,

MSTR, MRVL, WBD, ZS led the NDX, 40 advancers

Up:

Down: DIA, SPY, QQQ, IWM

The SPY MFC green line is pointed down at 26.2 and is short-term bearish. –7.7.

All eleven sectors were lower on Tuesday, the smallest decliners were XLK, XLC and XLV. 

Uptrend sectors: XLF, XLC, XLY, XLI, XLV, XLP,

Neutral sectors: XLK, XLU, XLRE, XLE,

Down trend sectors: XLB,

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

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Down

40 of 100 NDX stocks closed higher on Tuesday.

40 NDX stocks are above their 30 DMA:  CDW, ISRG, AEP, EXC, PAYX, AMGN, MELI, ADP, AZN, LIN, SBUX, CTAS, FTNT, GILD, ORLY, ROP, VRSK, VRTX, CCEP, COST, TMUS, CSCO, XEL, ABNB, BKNG, MDLZ, TTWO, KDP, MNST, WBD, ADI, MCHP, KHC, TXN, PEP, EA, INTU, CHTR, BIIB, ADBE,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 1

ADBE,  

Moving Below 30 DMA = 4

AAPL, CMCSA, DASH, INTC,

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