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SPY, DIA and QQQ opened lower and sold off to Friday’s support
during the first two hours on Monday and then moved sideways in a channel for
the balance of the day. The September
Jobs Report will be released Friday morning BMO and earnings season starts next
Wednesday BMO on October 13 with JPM reporting.
SPX closed at 4,300 and NDX closed at 14,472.
SPY down 5.60 at 428.64, on 128.5 million shares, above average volume, down on similar volume.
VIX up 1.81 at 22.96
QQQ down 7.56, -2.10% at 352.62
MRK, IBM, CVX, VZ led the DJIA, 6 advancers, -20
DVN, FANG, PSX, MRO led the SPX, 152 advancers.
XEL, AEP, FOXA, EXC led the NDX, 10 advancers.
The two-year trend term is up. The one-year trend is up.
Up:
Down: IWM, DIA, SPY, QQQ,
SPY =
MACD divergence setup at short-term support
DIA = MACD
divergence setup at short-term support
QQQ = MACD
divergence setup at 10-week support
IWM =
channel bounce pause at mid-channel
Three of
eleven
sectors were higher, on Monday, led by XLE,
XLU and XLRE.
Energy leaders: DVN, FANG, PSX, MRO
Utilities Services leaders: PNW, CNP, DUK, ED
Real Estate leaders: EQR, WY, DRE, O
Advancers weakened on Monday as decliners led 2,182 to 1,190
on the NYSE and led 3,387 to 1,258
on the NASDAQ.
The SPY MFC green line
is pointed down at 15.4 and is short-term bearish. SPY is a MACD
divergence setup at short-term support.
Uptrend sectors: XLF, XLK, XLV, XLY,
Neutral sectors: XLE, XLC, XLP, XLU, XLRE,
XLI, XLB,
Down trend sectors:
The 6-month intermediate trend is up. The
ten-day trend is down.
3-month Intermediate Term Market Trend: Sideways
3-day Short Term Market Trend: Down a little
10 of 100 NDX stocks
closed higher on Monday.
12 NDX stocks are above their 30 DMA: NFLX, TSLA, BKNG, MTCH, MAR, FOXA, SGEN, TCOM,
KHC, DLTR, EA, PAYX,
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 0
Moving Below 30 DMA = 5
DXCM, INTC,
ORLY, TEAM, TXN,
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3 comments:
It’s been a long time since I remember just 12 NDX 100 stocks above their 30 day MA. The “12%ers” revealed!
Hey Dave, thanks for all you do!! Really appreciate the daily insights! I was wondering, do you know of any software that will do scans based on a completed candle shadow’s length % relative to its body? And also software that would scan based on the MACD histogram bars growing shorter/longer?
hey Steven you can try tc2000 ask there support its pretty good
but its not free there gold version 539 for 2 years
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