DIA, SPY, QQQ, IWM Pause and Pull Back on Monday...

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After the Close Review of Monday’s action…DIA, SPY, QQQ, IWM, /ES, TLT, VIX, AAPL, AMZN, FB, GOOGL, MSFT, MU, NTAP, AMAT, STX, HAS, MAT, Earnings stocks strong from last week, earnings for Tuesday…10:28 pm PT

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Last week’s strong stocks continued as a group to perform on Monday: SKX, GWW, IBM, HCA, LRCX, UNH, SYF, HOG, SNA, TRV, CMA, MS PYPL and ADBE.

One sector was higher on Monday, led by utilities XLU +0.05% and staples XLP -0.07%.

SPY down 1.00 at 256.11 on 63.9 million shares, 8% above average volume.  Down on lower volume.

VIX up 1.32 at 11.07

Oil down .21 to 51.86

TLT up .22 at 124.20…on 6.2 million shares, 15% below average.  Up on lower volume.

WMT +1.38%, and NKE +1.13%, led the DJIA, 14 advancers.

VFC +5.38%, DVA +2.78% and AMD +2.10% led the SPX.

STX +12.62%, QCOM +2.63%, WDC +1.83%, TMUS +1.67%, and FAST +1.10%, led the NDX.

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

Up:

Down: DIA, SPY, QQQ, IWM,

Breadth weakened on Monday as decliners led 1,910 to 978 on the NYSE and led 1,987 to 891 on the NASDAQ.

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

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

Neutral sectors: XLP,

Down trend sectors:

Intermediate-term trending stocks:  LRCX, ADBE, PYPL, ALGN, NVDA, BA, SQ, MCD, MU, CC, TRU, FB, A, ISRG AA, CBOE, TAL, TTWO, LYV, AABA, BABA, FCAU, EDU, ANET, V, WYNN, RACE, WUBA, CCL, RCL, SHOP, ATVI, EA, WB,

30 of 100 NDX stocks closed higher on Monday.

59 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 4

AAPL, AVGO, HOLX, QCOM,

Moving Below 30 DMA = 5

AMZN, FB, FOXA, HAS, VRTX,

The intermediate and long-term trends are still up.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Neutral

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