NDX, SPX, DJIA, Narrow Range Day as Upward Momentum Pauses on Light Volume Close…TSLA, ANET, EXPE, LRCX, SQ, WMT New High Close…

TSLA, ANET, EXPE, LRCX, SQ, WMT, each make new all-time closing highs on Monday. 

SPY, DIA, QQQ, pause, close lower on Monday after new all-time closing highs on Friday.

Four sectors were positive, led by energy XLE and financials XLF.

SPY down -0.18 at 243.99 on 44.6 million shares, 35% below average.

VIX up .32 to 10.07.

Oil falls -0.35 to 47.39

TLT down -0.78 at 124.84…on 6.7 million shares, 3% below average.

WMT +0.80% and XOM +0.78% lead the DJIA.

KORS +4.36%, AMD +3.12% and FOSL +2.80% led the SPX.

NVDA +3.04%, TSLA +2.20%, MAT +1.06% and EXPE +1.02% led the NDX.

Intermediate and long term up trend intact.  3-day short term trend is up.

Up:

Down: QQQ, DIA, SPY, IWM,

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

Breadth weakened as decliners led 1,808 to 1,102 on the NYSE and led 1,884 to 947 on the NASDAQ.

The SPY MFC green line is flat in upper zone at 96, bullish.

Look for a potential bounce in: ADSK, BIDU, JD, CC, DDD,

One Day Pullback: TLT, CSX, WYN, RCL, MAR, WDC, AAPL,

Bounces included: NVDA, WB, MOMO, BABA, KWEB,

Break of short-term support:

Potential Breakouts include: BABA, ADBE, FB, ATVI, MNST, NTES, NFLX, YHOO, XLNX, BBRY, HD, HUN,

Breakouts: NVDA, EBAY,

New Highs NVDA, TSLA, ANET, EXPE, LRCX, SQ, WMT, GOOGL, MSFT, COST, HAS, PYPL, KLAC, AMZN, V, MCHP, EA, MU, UNH, QQQ, SPY, DIA, XLY, SHOP, RACE, AMAT, SWKS, SBUX, MCD, AVGO,

47 of 100 NDX stocks closed higher and two were unchanged on Monday.

74 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 2

ESRX, FAST

Moving Below 30 DMA = 3

ADI, INCY, ROST

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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