© 2023
-SPX -8.58, opens flat, pulls back,
rallies to 1 pm, reverses to close lower.
-PMI Composite 54.3 vs 54.5 est. at 9:45 am ET
-ISM Services Index 50.3 vs 52.0 est. at 10:00 am ET
-AAPL intro Vision Pro headset and product enhancements at
WWDC,
-AAPL
retreats from $184.95 all-time high, to close at $179.58.
-VIX up .13
GLD, /CL, TNX and DXY closed higher, while TLT moved lower.
Mega caps TSLA, GOOGL, AMZN,
MSFT and NVDA, META, APPL fell.
SPY down .82 at 427.10, on 65.4 million shares, below average volume, down on lower
volume.
VIX up .13 at 14.73,
QQQ up .25 at 354.90
AMGN, JNJ, WMT, MRK led the DJIA, 9 advancers, -20
BBWI, PAYC, EXPE, CZR led the SPX, 195 advancers
FTNT, PANW, ZS, ZM led the NDX, 55 advancers.
The two-year trend term is sideways. The
one-year trend is sideways.
Up: QQQ,
Down: SPY, DIA, IWM,
Four of eleven sectors were higher on Monday, led by XLU,
XLV and XLY.
The SPY
MFC green line turned down at 88.6 and is counter-trend
defensive. SPY opened flat,
turned down after the Apple WWDC event and closed lower.
Uptrend sectors: XLK, XLC,
XLY,
Neutral sectors: XLV, XLP, XLB, XLI, XLU, XLRE, XLE, XLF,
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 Trend: Up
55 of 100 NDX stocks
closed higher on Monday.
65
NDX stock are above their 30 DMA: AAPL,
AMZN, CPRT, ISRG, MNST, CSGP, MSFT, NVDA, LRCX,
META, VRSK, DDOG, GOOG, GOOGL, AMD, CRWD, FTNT, ZS, NFLX, AMAT, ASML, KLAC, AVGO,
MRVL, MU, SNPS, RIVN, TSLA, WDAY, CSCO, ADBE, TEAM, CTAS, PANW, CDNS,
NXPI, TXN, ZM, ANSS, COST, EA, PDD, ATVI, INTC, QCOM, ADSK, BKR, CSX, DXCM,
MCHP, ODFL, ABNB, ADP, EBAY, FAST, HON, ILMN, INTU, JD, MAR, PAYX, PCAR, ALGN,
BKNG, MELI,
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 3
ALGN, BKNG, MELI,
Moving Below 30 DMA = 2
CTSH, GFS,
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