SPX Opens Lower, Reverses, Closes Higher for Second Day...Energy, Industrials Lead All Sectors Higher...

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The SPX +27.16, gapped down after the Hamas attack on Israel, reversed after 90 minutes and closed higher for a second day.

Breadth continued positive on Monday.

Wednesday: BMO PPI Report, 2pm ET FOMC minutes

Thursday: BMO CPI Report

Various Fed speakers are scheduled to speak throughout the week.

Earnings season unofficially starts Friday, October 13 with JPM EPS.

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

SPY up 2.75 at 432.29, on 80.3 million shares, average volume, closed higher on lower volume. 

VIX up .25 at 17.70

QQQ up 1.86 at 366.56

CVX, DIS, WBA, CAT led the DJIA, 21 advancers, -3

NOC, LHX, HII, LMT led the SPX, 351 advancers

FANG, ZS, BKR, CRWD led the NDX, 64 advancers.

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

Up:  SPY, DIA, IWM, QQQ,

Down: 

All eleven sectors were higher on Monday, led by XLE, XLI and XLRE.

The SPY MFC green line is pointed up at 18.9 and is short-term bullish.  SPY opened lower after the Hamas attack on Israel, reversed after 90 minutes and closed broadly higher for a second day. 

Uptrend sectors:   XLE, XLC,

Neutral sectors:  XLK, XLY, XLF, XLV,

Down trend sectors:  XLI, XLB, XLU, XLRE, XLP,

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

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Up

64 of 100 NDX stocks closed higher on Monday.

44 NDX stocks are above their 30 DMA:  SGEN, PDD, CRWD, COST, META, SIRI, AMGN, EA, GEHC, GOOGL, PCAR, SNPS, TSLA, VRTX, BIIB, MU, REGN, ADP, AMD, CDNS, CEG, CPRT, CSGP, CSX, FAST, INTU, MCHP, MSFT, NVDA, ODFL, PANW, TMUS, TTD, XEL, ZS, AAPL, AVGO, CHTR, CTAS, FANG, PAYX, QCOM, TEAM, VRSK,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 9

AAPL, AVGO, CHTR, CTAS, FANG, PAYX, QCOM, TEAM, VRSK,

Moving Below 30 DMA = 2

DDOG, INTC,

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