Monday, August 24, 2020

SPX, NDX New All-time Closing High on Monday...AAPL Hits New High...CRM, AMGN, HON to be added to DJIA August 31...


© 2020


NDX +71.01, +0.61%, closes at a new all-time closing high as AAPL, AMZN, MSFT, FB, NVDA and PYPL close higher.

SPX +34.12, +1.00%, closes at 3,431 on a breakout continuation to a new all-time closing high.

After the close it was announced that CRM, AMGN and HON will replace XOM, PFE and RTX in the DJIA before the open next Monday August 31.

Ten of eleven sectors were higher on Monday, led by XLE, XLF and XLI.

Energy leaders:  SWN, FTI, SLB, HFC
Financials leaders:  UNM, DFS, SYF, COF
Industrials leaders:  AAL, UAL, DAL, BA

SPY up +3.44 at 342.92 on 48.5 million shares, below average volume, up on lower volume.
VIX down -0.17 at 22.37

BA, DOW, AXP led the DJIA, 24 advancers, +8
AAL, CCL UAL WRK led the SPX, 408 advancers
EXPE, ULTA, FOXA, INTU led the NDX, 68 advancers

The two-year trend term is up.  The one-year trend is up.

Up: DIA, IWM, SPY, QQQ,
Down:

Breadth strengthened on Monday as advancers led 2,167 to 842 on the NYSE and led 1,892 to 1,539 on the NASDAQ

The SPY MFC green line turned up at 96.8, is short-term bullish.  Price action is a BO continuation and a new all-time closing high.


Uptrend sectors XLI, XLP, XLB, XLY, XLK, XLC, XLV,
Neutral sectors:  XLU, XLRE, XLF, XLE,
Down trend sectors:

The 6-month intermediate trend is sideways.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up
3-day Short Term Market TrendUp

68 of 100 NDX stocks closed higher on Monday.

67 NDX stocks are above their 30 DMA:  AMZN, CDNS, IDXX, NVDA, SWKS, AAPL, FAST, MELI, PYPL, TTWO,  VRSK, CHKP, COST, MNST, CHTR, CMCSA, CTSH, PCAR, AMD, CTAS, ISRG, LULU, ORLY, XEL, CPRT, CSX, TCOM, QCOM. SBUX, KLAC, AVGO, FB, MSFT, NXPI, TMUS, DLTR, TXN, BKNG, ULTA, MAR, PAYX, CERN, EXPE, ADBE, ANSS, EA, INTU, MSFT, PEP, TSLA, FOXA, ADSK, ATVI, EBAY, GOOGL, NTES, SNPS, WDAY, ZM, MCHP, VRSN, ADI, ASML, BIDU, KHC, MXIM, ROST,

NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 6
ADI, ASML, BIDU, KHC, MXIM, ROST,

Moving Below 30 DMA = 2
DOCU, SPLK,


Add Comments here:

No comments: