No After the Close video on Monday...
Five sectors were higher, led by healthcare XLV +0.53% and
technology XLK +0.19%.
SPY up .01 at 244.57 on 40.5 million shares, 36% below average. Lower
volume.
VIX up .04 at 11.32.
Oil down 1.05 to 46.81
TLT down .08 at 127.24…on 4.4 million shares, 34% below
avg. Lower
volume.
MU +2.61%, BIIB +2.54%, ILMN +2.53%, and LRCX +1.78%, led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is neutral.
Up:
IWM, QQQ, SPY
Down:
DIA
Breadth weakened
on Monday as
decliners led 1,544 to 1,357 on the NYSE and led 1,470 to 1,387 on the
NASDAQ.
The SPY MFC green
line turned up
at 40,
bullish.
Uptrend
sectors: XLU,
Neutral
sectors: XLK, XLP, XLF, XLY, XLRE, XLV,
XLB, XLI
Down
trend sectors: XLE
Intermediate-term trending stocks: PYPL, ADBE, NVDA, FB, ATVI, EA, BA, MCD, V,
CCL, RCL, ALGN, ANET, SQ, CC, AABA, TTWO, PGR, TRU, LYV, ALL, TAL, BABA, A,
EDU, SHOP, EXPE,
64 of 100 NDX stocks closed
higher and four were unchanged on Monday.
43
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 6
ADI, BIIB, CA, CSCO, LRCX, SYMC
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: Neutral
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2 comments:
Here comes the rally...
I picked up some more ATVI on the pull back. Solid bull flag bounce as I see it.
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