NDX +43.24, +0.40%, opened lower, reversed higher, rallied and closed higher for the first time in four days. The rally was led by strength in AAPL, AMZN, MSFT,TSLA, NVDA and ADBE.
SPX -38.41, -1.16%, closes
at 3,281. SPX broke below its eight-day sideways
consolidation and formed a dragonfly doji.
This morning before the open ETSY,
TER, CTLT were added to the S&P 500 and HRB, COTY, KSS were removed.
Ten of eleven sectors were lower on Monday, led by XLK, XLP and XLC.
Technology leaders: PYPL, AMD, AAPL, NVDA
Consumer Staples: CAG, CPB, WMT, COST,
Communication Services leaders: NFLX, TTWO, ATVI, CTL
SPY down -3.68 at 326.97, on 99.4 million shares, above average volume, down on lower volume.
VIX up +1.95 at 27.78
AAPL, WMT, MSFT, CRM led the DJIA, 4 advancers, +0
The two-year trend term is up. The one-year trend is up.
Up: QQQ,
Breadth weakened on Monday as decliners led 2,624 to 442 on the NYSE and led 2,869 to 651 on the NASDAQ
The SPY MFC green line is pointed down at 23.1 and is bearish. Price action broke Sept. 11 support and formed a white hammer.
Uptrend sectors: XLB, XLI, XLY, XLP, XLV, XLK, XLC,
Down trend sectors: XLE,
The 6-month intermediate trend is up. The ten-day trend is down.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Down
37 of 100 NDX stocks closed higher on Monday.
20 NDX stocks are above their 30 DMA: CMCSA, CPRT, CSX, SBUX, AVGO, JD, ZM, ALXN, ALGN, PAYX, TSLA, INTC, CHTR, MU, SGEN, BIDU, MRNA, ATVI, NVDA, NTES,
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 3
Moving Below 30 DMA = 7
AMGN, CTSH, FOXA, NXPI, TCOM, ULTA, WDC,
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2 comments:
Hi Dave, Maybe this will be the Hollies' a long tail hammer in a white dress?
Maybe so. :) Dave
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