SPX, NDX Pause on Monday after Friday New High...Utilities, Real Estate, Basic Materials Lead Sectors...NVDA All-time Closing High...

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The SPX -6.13 opened lower, trended in a range and closed slightly lower. 

NVDA +29.58, +3.60%, closed higher and made a new all-time closing high.

HPE +1.59, +10.22%, NEM +1.79, +5.65% led the SPX.

Fed Chair Jerome Powell is scheduled to deliver his Semiannual Monetary Policy Report to the House on Wednesday and to the Senate on Thursday, both scheduled at 10:00 am ET.

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

SPY down .55 at 512.30 on 49.7 million shares, below average volume, closed lower on lower volume 

VIX up .38 at 13.49

QQQ down 1.59 at 444.02

INTC, IBM, DOW, DIS led the DJIA, 16 advancers, +0

HPE, NEM, D, MS led the SPX, 299 advancers 

INTC, DASH, NVDA, CEG led the NDX, 42 advancers

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

Up:  

Down:  IWM, SPY, DIA, QQQ,

Six of eleven sectors were up and one was unchanged on Monday, led by XLU, XLRE and XLB

The SPY MFC green line is pointed up at 94.2 and is short-term bullish.

Uptrend sectors:  XLI, XLF, XLY, XLB, XLV, XLP, XLK, XLC, XLRE,

Neutral sectors:  XLE, XLU,

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

42 of 100 NDX stocks closed higher on Monday.

64 NDX stocks are above their 30 DMA:  CTAS, ROST, COST, ISRG, REGN, AVGO, META, SPLK, ADSK, NVDA, AMZN, DASH, LRCX, MSFT, NFLX, CDNS, ORLY, AMAT, ASML, CDW, FAST, INTU, KLAC, PCAR, ABNB, SNPS, CEG, CSX, DLTR, ODFL, IDXX, NXPI, GEHC, PAYX, ON, QCOM, TTD, FANG, AEP, CTSH, MAR, CCEP, EXC, TMUS, AMD, CPRT, CRWD, DDOG, FTNT, MU, CSGP, MNST, BKR, HON, MRVL, TXN, ADI, ANSS, AZN, DXCM, MCHP, INTC, MRNA,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 2

INTC, MRNA,  

Moving Below 30 DMA = 6  

ADP, EA, GFS, ROP, TSLA, VRTX,

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