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The SPX -1.95, 5,202.39, opened slightly higher, traded in a narrow 22-point range and
closed slightly lower.
Wednesday the CPI
Report will be released BMO, 8:30 am ET, and the FOMC Minutes at 2:00
pm ET.
Friday is the unofficial start of earnings season with BMO reports
from JPM, C, WFC, BLK, STT, PGR. Also
on Friday, the PPI Report will be released BMO, 8:30 am ET.
GEV +7.26, +5.92%,
which was a recent GE spinoff, was upgraded by JPM from neutral to overweight with a $141
price target.
NVDA -8.75, -0.99%, 871.33, opened higher, reversed, traded in
a range and close above support for a third day.
Mega caps TSLA, GOOGL, AMZN, rose
and MSFT, AAPL, NVDA, META fell on Monday.
SPY up .29 at 518.72 on 48.3 million
shares, below average volume,
VIX down .84 at 15.19
QQQ up .13 at 440.60
NKE, HD, MMM, AXP led the DJIA, 12 advancers, -11
ALB, GEV, CPT, MAA led the SPX, 283 advancers
TSLA, WBD, MRNA, CHTR led the NDX, 50 advancers
Up: IWM, DIA, SPY, QQQ,
Down:
Six of eleven sectors were up on Monday, led by XLY, XLRE and
XLU
The SPY
MFC green line is pointed down at 73.8 and is defensive.
Uptrend sectors: XLF, XLI,
XLC, XLE, XLB, XLK, XLV, XLP, XLY,
Neutral sectors: XLU, XLRE,
Down trend sectors:
The 6-month intermediate
trend is up. The ten-day trend is Down a little.
3-month Intermediate Term Market
Trend: Up
3-day Short Term Market Trend: Sideways
50 of 100 NDX stocks
closed higher on Monday.
46 NDX stocks are above their 30
DMA: CTAS,
AMZN, DASH, NFLX, CDW, PCAR, CEG, QCOM, FANG, EXC, CPRT, MU, CSGP, BKR, AZN,
DXCM, PYPL, MSFT, GOOGL, ANSS, PEP, KHC, TTD, AVGO, KDP, AEP, TTWO, ADP, META,
XEL, ODFL, ADI, AMAT, ASML, BKNG, FAST, LRCX, MAR, MRNA, MRVL, PAYX, ADP, CDNS,
DDOG, MCHP, SNPS,
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 5
ADP, CDNS, DDOG, MCHP, SNPS,
Moving Below 30 DMA = 5
ABNB, FTNT, LIN, NVDA, ORLY,
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