Buyers in Control on Monday as Breadth Strengthens...BA, AAPL Lead DJIA...

AAfter the Close Review of Monday’s market action…QQQ, DIA, SPY, $VIX, BA, CSCO, NKE, AXP, DWDP, JPM, MSFT, V, AMZN, EA, EBAY, NFLX, MXIM, ADBE setups…10:16 pm PST

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The DJIA rose 410 points to 24,601 led by strength in BA, AAPL, UNH, MMM, GS, MCD and CAT. 

Ten sectors were higher on Monday, led by materials XLB +2.02%, and technology XLK +1.79%.

SPY up 3.84 at 265.34 on 143.7 million shares, 12% above average volume.  Up on lower volume.

VIX down 3.45 at 25.61

Oil up .33 to 59.38

TLT up .52.at 118.46 on 10.9 million shares, 14% below average volume.  Up on lower volume.

AAPL +4.80%, and DWDP +3.40%, led the DJIA, 28 advancers.

CSRA +31.05%, MRO +4.90%, and CTL +4.88%, led the SPX.

ALXN +6.29%, MELI +5.24%, CSX +4.46%, MU +4.40% and LRCX +4.27% led the NDX.

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

Up: QQQ, DIA, SPY, IWM

Down:

Breadth strengthened on Monday, as advancers led 2,175 to 779 on the NYSE and led 1,925 to 997 on the NASDAQ.

The SPY MFC green line turned at 26, bullish. 

Uptrend sectors:  XLY,

Neutral sectors: XLF, XLV, XLI, XLK, XLE, XLB,

Down trend sectors: XLP, XLRE, XLU,

Intermediate-term trending stocks:  Many of these stocks have had significant pull backs over the past month and it is appropriate to wait for the uptrend to resume before considering entry… CBOE, IBKR, ADBE, ANET, TAL, EA, EBAY, TTWO, SHOP, LYV, SQ, RACE, ALGN,  ATVI, FB, FCAU, WB, RNG, AABA, BABA, CCL, RCL, BA, CAT, MAR, V, TRU, WYN, WYNN, PYPL, NVDA, ISRG, VRSN, AA, WUBA, EDU, CC, MU, A,

83 of 100 NDX stocks closed higher on Monday.

16 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 5                            

ADBE, CSCO, GILD, MELI, WDAY,

Moving Below 30 DMA = 0

The intermediate and long-term trends are still up.  The two-month trend is sideways.  The nine-day trend is down.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

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