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The SPX -27.05 opened lower, traded in
a range, and closed near its open. Sellers
and buyers were balanced after the open on an average volume day. SPY, QQQ, IWM form inverted hammer, set up for a potential bounce.
The week releases include Consumer Confidence on
Tuesday, ISM Manufacturing Index on Thursday and the Employment Situation
report on Friday. Several Fed members
speak this week including Thomas Barkin, John Williams, Loretta Mester and
Raphael Bostic.
DXY, /CL GLD and TNX closed higher, while TLT moved lower.
SPY down 2.68 at 402.63, on 65.3 million shares, average volume, down on lower volume.
VIX up .65 at 26.21
QQQ down 3.03 at 304.41
WMT, CVX, BA, VZ led the DJIA, 5 advancers, +5
FANG, GCI, CAH, APA led the SPX, 137 advancers
PDD, ILMN, SGEN, TMUS led the NDX 17 advancers
The two-year trend term is up. The
one-year trend down.
Up:
Down: DIA, SPY, IWM, QQQ,
Two of eleven sectors were higher on Monday, led by XLE,
XLU and XLP.
Energy leaders: FANG, APA, HAL, SLB
Utilities leaders: AEP, CNP, SRE, EVRG
Consumer Staples leaders: GIS, WMT, CPB, K
Advancers strengthened on Monday
as decliners led 2,111 to 1,086 on the NYSE and advancers led 3,170 to 1,413 on the NASDAQ.
The SPY
MFC green line is pointed down below 80 at 61.9 and is defensive. SPY opened lower, traded in a range,
and closed near its open.
Uptrend sectors: XLY, XLU,
XLI, XLP,
Neutral sectors: XLK, XLRE, XLF, XLV, XLC, XLE,
Down trend sectors: XLB,
The 6-month intermediate
trend is down a little. The ten-day trend is down.
3-month Intermediate Term Market
Trend: Sideways
3-day Short Term Market Trend: Down
17 of 100 NDX stocks
closed higher on Monday
15 NDX stocks are above their 30 DMA: KDP,
ROST, ADP, PYPL, AEP, XEL, TMUS, TEAM, WDAY, KHC, PANW, CRWD, BIDU,
PDD, JD,
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 0
Moving Below 30 DMA = 7
AAPL, CSCO, CSX, DDOG, EA,
HON, TSLA,
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