Monday, January 11, 2021

SPX Pauses on Monday after Last Week's Rally to an All-time Closing High...


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SPX opened lower, traded in a trading range on Monday and closed lower after a four-day rally last week.  
 
NDX -202.71, -1.55%, closed below the LOHD testing Friday’s hbo.
 
SPX -25.07, -0.66%, closed at 3,799, pulling back from Friday’s new all-time closing high.
 
TSLA fell -7.82%, closing below the LOHD reversing Friday’s gain.
 
Three of eleven sectors were higher on Monday, led by XLE, XLV and XLF. 
 
Energy leaders: COG, OKE, XOM, FANG
Health Care leaders: LLY, BIIB, BMY, CTLT
Financial leaders: SIVB, ZION, SCHW, HBAN
 
 
SPY down 2.57 at 378.69 on 51.1 million shares, below average volume, down on lower volume.
VIX up 2.52 at 24.08
 
WBA, MRK JPM, GS led the DJIA, 12 advancers, -4
LLY, GM, GPS, COG led the SPX, 224 advancers
BIIB, MRNA, LRCX, AMD led the NDX, 30 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up:
Down: IWM, DIA, SPY, QQQ
 
Advancers weakened on Monday as decliners led 1,896 to 1,257 on the NYSE and led 2,105 to 1,731 on the NASDAQ
 
The SPY MFC green line is pointed up at 89.6 and is short-term bullish.  Price action is a one-day pullback.
 
Uptrend sectors XLU, XLB, XLI, XLY, XLP, XLV, XLF, XLC, XLK, XLE,
Neutral sectors:  XLRE,
Down trend sectors:
 
The 6-month intermediate trend is up.  The ten-day trend is up.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market TrendUp
 
30 of 100 NDX stocks closed higher on Monday.
 
72 NDX stocks are above their 30 DMA:   ALGN, TXN, ADI, AMAT, MU, MXIM, SBUX, ASML, MNST, ROST, CSCO, AVGO, ADSK, TSLA, PYPL, AAPL, ANSS, ATVI, BIDU, CDNS, EA, ILMN, ISRG, SNPS, CHKP, CERN, DXCM, IDXX, ALXN, SWKS, ORLY, NTES, MRVL, MTCH, PTON, BKNG, AMGN, INTC, JD, PDD, KLAC, NXPI, WDC, EBAY, GILD, LRCX, WBA, BIIB, CTSH, FOXA, MCHP, QCOM, CSX, DLTR, EXC, FAST, FISV, PCAR, AMD, CDW, CPRT, CTAS, DOCU, INCY, INTU, NVDA, TMUS, VRTX, XLNX, CMCSA, MELI, REGN,
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 0
 
 
Moving Below 30 DMA = 8
GOOGL, LULU, MAR, MDLZ, MSFT, TCOM, TEAM, VRSK,
 
 
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2 comments:

Ben W. said...

Thank you so much, Dave! And happy Trading anniversary!

Dave Johnson said...

Ben...you are welcome...Dave