SPX Closes Slightly Lower...NDX Closes Slightly Higher...NVDA Breaks Out to All-time High Leads NDX...Technology Leads Sectors...Earnings Ramp Up on Tuesday...

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The SPX -10.69, 5,853, opened slightly lower, traded in a range and closed slightly lower forming a hammer candle.  The SPX closed above 5,800 for the sixth time. 

The NDX +0.18%, opened lower, traded in a range and closed slightly higher in a bull flag bounce continuation.

NVDA +5.71, +4.14%, opened flat, trended higher, 4-month BO, closed at an all-time high.

After-hours: ARE +2.48, +2.07% and NUE -3.11, -1.99% earnings reactions.

First day reaction: Q3, Monday, AM

Positive:  NFLX, ISRG, SNA, TRV, BX, MTB, STLD, DFS, PPG, UAL, SYF, USB, PLD, JBHT, ABT, OMC, WBA, SCHW, PNC, JNJ, FAST, WFC, JPM, BLK, = 24

Neutral:  PG, RF, MMC, KMI, STT, BAC, PGR, UNH = 8

Negative:  SLB, AXP, FITB, ELV, CSX, TFC, CCI, EFX, HBAN, KEY, CFG, BK, DAL, DPZ = 14

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

SPY down .96 at 583.63, 36.4 million shares, below average volume,

VIX up .34 at 18.37

QQQ up .95 at 495.42

BA, AAPL, UNH, INTC led the DJIA, 7 advancers, -13          

KVUE, NVDA, EXPE, UBER led the SPX, 79 advancers

NVDA, MRVL, LULU, CEG led the NDX, 32 advancers

Up:   QQQ,

Down:  SPY, DIA, IWM,

One of eleven sectors was higher on Monday, led by XLK, XLE and XLI.

The SPY MFC green line is pointed down at 93 and is short-term bullish, -0.6, because price is above the low of the high day, Oct. 14.

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

Neutral sectors: XLE,

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: Sideways

32 of 100 NDX stocks closed higher on Monday.

64 NDX stocks are above their 30 DMA:  CTAS, GILD, PAYX, PYPL, DASH, FTNT, TTD, ADSK, CSCO, BKNG, MAR, FAST, ARM, AVGO, CEG, CRWD, META, PCAR, ABNB, INTC, BKR, DDOG, CPRT, GOOGL, TMUS, ORLY, PDD, MU, ADP, ILMN, MRVL, NVDA, LULU, TEAM, SMCI, AAPL, ANSS, HON, PANW, ZS, AMZN, ODFL, QCOM, TTWO, MNST, VRTX, EXC, GFS, LIN, PEP, ROP, CSGP, CTSH, EA, DXCM, FANG, MELI, ISRG, NFLX, SBUX,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 6

ADI, CMCSA, GEHC, ROST, SNPS, XEL,

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