Bull Flag Day 7...Support Holds and AAPL Keeps Bounce on Pause...

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SPY, DIA, IWM and QQQ remained in bull flag price pattern Monday.  Continue to watch for a potential bounce on Tuesday.

AMD, COST, HD, QCOM, TGT and DG hit new highs on Monday.  

Seven sectors were higher on Monday, led by real estate XLRE +0.54% and industrials XLI +0.52%.

The DJIA, closed down 59 points at 25,857 led by weakness in UNH, BA, AAPL, TRV and GS.  This is the forty-first consecutive close above 25,000 since June 15.

SPY up .50 at 288.10, on 50.2 million shares, 14% below average volume. Up on lower volume.

VIX down .72 at 14.16 

Oil down .33 at 67.53

TLT up .44 at 119.57 on 6.3 million shares. 

NKE +2.24%, HD +2.16%, led the DJIA, 17 advancers, +7.

AMD +9.17%, URI +5.05% and FL +5.03%, led the SPX.

TSLA +8.46%, WYNN +4.53%, LBTYA +4.32%, and JBHT +3.63%, led the NDX.

Intermediate and long term up trend intact.  3-day short term trend is down, bull flag pattern.

Up: QQQ, SPY, IWM

Down: DIA,

Breadth strengthened on Monday, as advancers led 1,772 to 1,087 on the NYSE and led 1,538 to 1,394 on the NASDAQ

The SPY MFC green line closed below the upper zone pointed down at 74 defensive. 

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

Neutral sectors: XLE, XLB,

Down trend sectors:

The 6-month intermediate and long-term trends are still up.  The three-month trend is now up.  The ten-day trend is sideways.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

62 of 100 NDX stocks closed higher on Monday.

53 NDX stocks are above their 30 DMA.  COST, AMGN, ISRG, AMZN, CHKP, CA, CTAS, ORLY, AAPL, QCOM, PCAR, ROST, XLNX, CSX, SBUX, CMCSA, ILMN, VRSK, SNPS, CSCO, PAYX, WDAY, DISH, FISV, ADP, TTWO, ESRX, REGN, ADSK, CDNS, NVDA, ADBE, PYPL, INTU, ALGN, CHTR, VRTX, SIRI, SYMC, AVGO, ULTA, MAR, HAS, HSIC, WBA, ATVI, NFLX, AAL, IDXX, LBTYA, MDLZ, MSFT, TMUS,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 6

AAL, IDXX, LBTYA, MDLZ, MSFT, TMUS,

Moving Below 30 DMA = 2

INCY, MYL,

Intermediate-term trending stocks: 

ADBE, COST, DG, AAPL, AMZN, MA, V, AET, ISRG, PAYX, VRSN, COP, CRM, NTAP, RNG, SQ, UNH, NVDA, ALGN, CHGG, GRUB, TWLO, W, CDNS, PAYC, FISV, NDAQ, LPSN, PSTG, ZUMZ, WIX, SHAK, ETFC, EL, CME, KORS, A, WUBA,

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