After the Close Review of Monday’s action… DIA, QQQ, SPY, IWM, AAPL, NVDA adn charts with breakout triggers and setups…
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Four sectors were higher on Monday, led by technology XLK +0.25% and real estate XLRE +0.22%.
SPY down .42 at 253.95 on 80.6 million shares, 43% below
average volume. Down on lower volume.
VIX up .68 at 10.33
Oil up .31 to 49.56
TLT up .39 at 123.98…on 3.3 million shares, 60% below average. Up on lower volume.
WMT +1.94%, and DWDP +0.65%, led
the DJIA, 17 advancers.
HRB +2.01%, PM
+1.89% and
AMD +1.81% led the SPX.
MU +3.25%, NVDA
+2.26%, BIDU +1.83%,
CTXS +1.45%, and KLAC +1.44%, led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is up.
Up:
Down:
DIA, QQQ, SPY, IWM
Breadth weakened on Monday as
decliners led 1,612 to 1,256 on the NYSE and led 1,740 to 1,121 on the NASDAQ.
The SPY MFC green
line is in upper
zone at 97.7,
bullish.
Uptrend
sectors: XLI,
XLF, XLB, XLK, XLV, XLE, XLY, XLRE
Neutral
sectors: XLP, XLU,
Down
trend sectors:
Intermediate-term trending stocks: MU, LRCX, CBOE, TAL, TTWO, LYV, FCAU, AA,
EDU, PYPL, ANET, V, ALGN, BA, WYNN, A, ISRG, SQ, CC, TRU, FB, MCD, WB, NVDA,
AABA, BABA, ATVI, EA, RACE, WUBA, ADBE, CCL, RCL, SHOP,
40 of 100 NDX stocks closed
higher and one was unchanged on Monday.
66
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 1
LRCX,
Moving Below 30 DMA = 4
EA, FOXA, GILD, TSLA,
The
intermediate and long-term trends are still up.
6-month Intermediate Term
Market Trend: Up
3-day Short Term Market
Trend: Up
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