After
the Close Review of Monday’s action…QQQ, AAPL, AMZN, FB,
GOOGL, MSFT, DIA, JPM, SPY, IWM, XLF, XLK, XLE, XLY, XLI, XLP, XLB, XLU XLV,
XLRE, NFLX, this week’s earnings, position
review…AMAT, MU…
© 2017
Six sectors were higher on Monday, led by financial XLF +0.65% and technology XLK +0.36%.
SPY up .34 at 255.29 on 38.1 million shares, 36% below average volume. Up on lower
volume.
VIX up .30 at 9.91
Oil up .50 to 51.92
TLT down .09 at 125.76…on 5.7 million shares, 29% below
average. Down on lower
volume.
JPM +2.07%, and AAPL +1.84%, led
the DJIA, 19 advancers.
DVA +4.02%, FCX
+3.53% and
NBL +2.76% led the SPX.
BIDU +3.86%, WYNN
+3.15%, MU +2.70%,
JD +2.45%, and AMAT +2.04%, led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is up.
Up:
QQQ, DIA, SPY,
Down:
IWM,
Breadth weakened on Monday as
decliners led 1,451 to 1,431 on the NYSE and led 1,520 to 1,325 on the NASDAQ.
The SPY MFC green
line is in
upper zone at 97 bullish.
Uptrend
sectors: XLI,
XLF, XLB, XLK, XLV, XLE, XLY, XLRE, XLU,
Neutral sectors:
XLP,
Down
trend sectors:
Intermediate-term trending stocks: MU, LRCX, CBOE, TAL, TTWO, LYV, FCAU, AA,
EDU, PYPL, ANET, V, ALGN, BA, WYNN, A, ISRG, SQ, CC, TRU, FB, MCD, WB, NVDA,
AABA, BABA, ATVI, EA, RACE, WUBA, ADBE, CCL, RCL, SHOP,
53 of 100 NDX stocks closed
higher on Monday.
67
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 4
FOXA, SHPG, VRTX, WYNN
Moving Below 30 DMA = 3
ADBE, EA, EBAY
The
intermediate and long-term trends are still up.
6-month Intermediate Term
Market Trend: Up
3-day Short Term Market
Trend: Up
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