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The SPX -3.69 opened lower after Moody’s downgrade of U.S. credit outlook,
reversed, rallied from its open but closed down on Monday.
After the close on Friday, Moody’s lowered its U.S. credit outlook
from stable to negative, affirms AAA Ratings.
Government continues to operate as it has for years without any long-term
strategy for lowering spending deficits and reducing outstanding debt levels.
CPI for October is to be released Tuesday at 8:30 am ET.
Mega caps TSLA, NVDA, META, rose
and GOOGL, AMZN, MSFT, AAPL fell on Monday.
SPY down .42 at 440.19 on 89.5 million shares, average volume, closed higher on
higher volume.
VIX up .59 at 14.76
QQQ down 1.18 at 377.21
BA, DIS, MRK, WMT led the DJIA, 15 advancers, +11
DVA, PODD, HSIC, BSX led the SPX, 194 advancers
DXCM, LCID, TSLA, CRWD led the NDX, 38 advancers.
The two-year trend term is down a little. The
one-year trend is up.
Up: DIA, IWM,
Down: SPY, QQQ,
FIVE of eleven sectors were higher on Monday, led by XLE, XLV
and XLY.
The SPY
MFC green line is pointed up at 94.4 and is short-term bullish. SPY opened lower
and closed lower.
Uptrend sectors: XLE, XLC,
XLK,
Neutral sectors: XLF, XLY, XLI, XLB, XLV,
Down trend sectors: XLU, XLRE, XLP,
The 6-month intermediate
trend is up. The ten-day trend is up.
3-month Intermediate Term Market
Trend: Down
3-day Short Term Market Trend: Up a little
38 of 100 NDX stocks
closed higher on Monday.
63 NDX stocks are above their 30 DMA: FAST,
MSFT, LULU, NFLX, DLTR, ORLY, INTC, AEP, AMZN, CEG, CRWD, CTAS, ROST, TMUS, ADBE,
ASML, CDNS, DXCM, GEHC, KDP, KLAC, MDLZ, MELI, SNPS, VRTX, AMD, AVGO, HON,
META, MNST, MU, PEP, QCOM, SIRI, AAPL, AMAT, CPRT, EA, KHC, LRCX, NVDA, SBUX, WBD,
COST, CSGP, PCAR, PDD, WDAY, ZS, BKNG, DDOG, INTU, MAR, MRVL, VRSK, ADI, ADSK,
ANSS, IDXX, ISRG, MCHP, PANW, PAYX,
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 0
Moving Below 30 DMA = 4
CSX, CTSH, EXC, XEL,
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