DIA, SPY New High Close...Advancers Lead...Flags Bounce...

DIA, SPY made a new all-time closing high on Monday.

IWM bounced in its bull flag pattern.

Eight sectors were positive, led by technology XLK and healthcare XLV.

MELI replaces YHOO in NDX

YHOO changes name to Altaba symbol to AABA

SPY up 2.02 at 244.66 on 65.1 million shares, 7% below average

VIX down -0.01 to 10.37.

Oil down -0.35 to 44.33

TLT down -0.18 at 126.17…on 5.6 million shares, 23% below average.

AAPL +2.86% and JPM +2.19% lead the DJIA.

PKI +6.54%, NAVI +5.83% and MNK +4.65% led the SPX.

NTES +5.37%, MU +4.49%, MELI +4.13% and JD +4.11% led the NDX.

Intermediate and long term up trend intact.  3-day short term trend is up.

Up: QQQ, SPY, IWM, DIA

Down:

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

Breadth strengthened as advancers led 1,842 to 1,052 on the NYSE and led 1,884 to 936 on the NASDAQ.

The SPY MFC green line is pointed up in upper zone at 92, bullish.

Look for a potential bounce in: CSX, BBY, TSLA, MNST, CC,

One Day Pullback:

Bounces included: QQQ, SPY, IWM, XLY, WB, JD, AMD, KLAC, NVDA, AABA, BABA, KWEB, EA, AMAT, AAPL, SQ, SWKS, AVGO, TAL, PYPL, WDC, MCHP, BBRY, LRCX, ADSK, XLNX, ADBE, GOOGL, NFLX, V, BIDU

Break of short-term support: COST,

Potential Breakouts include: FB, ANET, RACE, DDD, MOMO, SHOP, MCD, RCL, HUN, ATVI, MAR, WYN, EXPE, AMZN, XLY, WMT,

Breakouts: HD, SPY, FB, ANET, RACE, DDD,

New Highs: DIA, SPY, TLT

90 of 100 NDX stocks closed higher and three were unchanged on Monday.

64 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 16

ADBE, ADI, ADSK, AVGO, BIIB, BMRN, CA, CHKP, EBAY, FOXA, GILD, GOOG, MCHP, PCLN, TXN, XLNX

Moving Below 30 DMA = 0

The intermediate and long-term trends are still up.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

Add Comments here