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IWM made another new all-time closing high, following the breakout of its 3 ½ month ascending triangle on Wednesday. Intermediate term price target is the 176
area.
The DJIA, closed up 298 points at 25,013, above 25,000 for the first time since
March 13, led by strength in BA, UNH, CAT,
UTX, MMM and HD.
Ten sectors were higher on Monday, led by industrial XLI +1.51% and
energy XLE +1.02%.
SPY up 2.04 at 273.37 on 58.0 million shares, 23%
below average volume. Up on lower volume.
VIX down .34 at 13.08
Oil up 1.18 to 72.66
TLT up .06 at 117.27 on 4.4 million shares.
BA +3.61%, UTX
+2.28%, led the DJIA, 28 advancers.
RRC +6.00%, SWN
+4.65% and
KIM +4.20%, led the SPX.
MU +3.91%, TSLA +2.77%, WYNN +2.72%, and ASML +2.62%, led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is up.
Up: DIA, SPY, IWM, QQQ
Down:
Breadth strengthened
on Monday, as advancers led 2,056 to 852 on the NYSE and led 1,749 to 1,156 on the
NASDAQ.
The SPY MFC green
line is in the
upper zone and is at 87, bullish.
Uptrend
sectors: XLE,
XLK, XLRE,
Neutral
sectors: XLF, XLY, XLV, XLI, XLB, XLU
Down
trend sectors: XLP
Intermediate-term trending stocks: Many of these stocks have had significant
pull backs over the past two months and it is appropriate to wait for the
uptrend to resume before entry… RACE, ADBE, IBKR, ETFC, MA, V, ISRG, WIX,
NDAQ, WYNN, VRSN, TAL, COP, CRM, NTAP, RNG, AA, WUBA, FCAU, NVDA, SQ, ALGN,
AKAM, SHOP,
BA, MU,
MAR, CMA, CME, ANET, HRS, KORS,
DLTR, WB,
EL, TPR,
64 of 100
NDX stocks closed higher on Monday.
70
NDX stocks are above their 30
DMA.
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 6
AAL, ASML, AVGO, LRCX, PCAR,
WYNN
Moving Below 30 DMA = 2
BIDU, CMCSA,
The
6-month intermediate and long-term trends are still up. The three-month trend
is sideways. The ten-day trend is up.
3-month Intermediate Term
Market Trend: Sideways
3-day Short Term Market Trend: Up
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