Monday, August 7, 2023

SPX Higher Open, Higher Close...Communication Services, Financial Lead Sectors Higher...Mega Caps AAPL, TSLA Close Lower...


© 2023




Mega caps GOOGL, AMZN, META, NVDA, MSFT rose and TSLA, AAPL fell.


SPY up 3.90 at 450.71, on 58.3 million shares, below average volume, up on lower volume.
VIX down 1.33 at 15.77
QQQ up 3.15 at 375.19,


AMGN, BA, JNJ, CAT led the DJIA, 27 advancers, +20
CCL, URI, EXR, EXPE led the SPX, 403 advancers
MNST, BKNG, MELI, WBD led the NDX, 77 advancers.

The two-year trend term is sideways.  The one-year trend is up.

Up:  DIA, SPY, QQQ, IWM,
Down

Ten of eleven sectors were higher on Monday, led by XLC, XLF and XLRE. 

The SPY MFC green line is pointed down at 68.6 and is defensiveSPY opened higher, and closed higher.

Uptrend sectors:   XLK, XLC, XLY, XLI, XLF, XLB, XLRE,
Neutral sectors:  XLV, XLP, XLU, XLE,
Down trend sectors:

The 6-month intermediate trend is up.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Up
3-day Short Term Market TrendSideways


77 of 100 NDX stocks closed higher on Monday.


60 NDX stock are above their 30 DMA:  NVDA, CEG, META, TTD, VRSK, AVGO, WDAY, ADBE, NXPI, COST, PDD, BKR, CSX, ABNB, INTU, ROST, ODFL, ON, DLTR, ADP, CHTR, CMCSA, DDOG, MAR, PAYX, BKNG, FANG, AMGN, MRVL, SBUX, PDD, KDP, CSCO, MRNA, JD,  CRWD, INTC, MU, GOOGL, LRCX, ALGN, AMAT, KLAC, REGN, AZN, MDLZ, AMD, CTSH, LULU, MELI, WBD, AMZN, GILD, TEAM, ILMN, MNST, NFLX, PEP, SNPS, WBA,


NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 6
ILMN, MNST, NFLX, PEP, SNPS, WBA,


Moving Below 30 DMA = 0





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