© 2023
-SPX +34.93, opened
higher, volatile range, closed higher.
-VIX closed 1.36 lower.
-FRC -10.85, -47.11% and KRE
+0.12, +0.28% as regional bank group rally slightly.
-Existing Homes Sales 4.170 M est., Tuesday, 10 am ET.
-FOMC announcement Wednesday 2 pm ET, expected 25 bps hike.
-AAPL multi-week breakout setup.
TNX, /CL and GLD closed higher, while TLT and DXY moved
lower.
Mega caps TSLA, AAPL, META, NVDA
rose and GOOGL, AMZN, MSFT fell.
SPY up 3.75 at 393.74, on 96.0
million shares, below average volume, up on lower volume.
VIX down 1.36 at 24.15
QQQ up .61 at 305.97,
breakout test and re-breakout.
HON, DOW, CAT, TRV led the DJIA, 28 advancers, +22
NRG, FLT, AIZ, CINF led the SPX, 437 advancers
VRSK, MRNA, DXCM, DLTR led the NDX, 79 advancers.
The two-year trend term is sideways. The
one-year trend down a little.
Up: IWM, DIA, SPY, QQQ,
Down:
All eleven sectors were higher on Monday, led by XLB, XLE and XLP.
The SPY
MFC green line is pointed up at 30.8 and is short-term bullish. SPY opened higher and closed higher a MACD
divergence bounce continuation.
Uptrend sectors: XLK, XLC,
XLI, XLB,
Neutral sectors: XLY, XLF, XLE, XLP, XLV, XLRE,
Down trend sectors: XLU,
The 6-month intermediate
trend is up a little. The ten-day trend is down.
3-month Intermediate Term Market
Trend: Up a little
3-day Short Term Market Trend: Up
79 of 100 NDX stocks
closed higher on Monday.
54
NDX stock are above their 30 DMA: META,
SGEN, ANSS, CDNS, NVDA, PANW,
FTNT, CRWD, AVGO, AMD, ATVI, OKTA, ODFL, VRSK,
AAPL, EXC, ILMN, AMAT, CSCO, DXCM, INTC, MDLZ, MELI, MSFT, SNPS, AEP, GOOG,
GOOGL, PEP, XEL, ADBE, ADI, AMZN, CPRT, EA, GFS, INTU, ISRG, KLAC, LRCX, MNST, TXN,
VRTX, WDAY, ASML, AZN, BKNG, CTAS, FAST, IDXX, KDP, MRNA, REGN, TMUS,
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 10
ASML, AZN, BKNG, CTAS, FAST, IDXX, KDP,
MRNA, REGN, TMUS,
Moving Below 30 DMA = 1
PDD,
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