NDX / QQQ New Record High on AAPL, AMZN, FB and AVGO Gains...

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After the Close Review of Monday’s action… QQQ, AAPL, AMZN, FB, AVGO, DIA, TRV, BA, CVX, UTX MCD, IBM, V, MSFT SPY, IWM, TLT, VIX, MU, TSCO, ATVI, AMAT, ADBE, NFLX, PYPL, bounce and breakout setups…10:24 pm PT

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Four sectors were higher on Monday, led by real estate XLRE +0.62% and energy XLE +0.52%.

SPY down .96 at 256.75 on 54.3 million shares, 8% above average volume.  Down on lower volume.

VIX up .70 at 10.50

Oil down .07 to 54.12

TLT up 1.18 at 124.42…on 9.0 million shares, 21% above average.  Up on lower volume.

AAPL +2.25%, and TRV +1.19%, led the DJIA, 9 advancers.

MAT +11.29%, LYB +7.06% and CTL +5.26% led the SPX.

DISH +4.09%, TSCO +3.83%, SWKS +3.79%, AVGO +3.29%, and CELG +2.85%, led the NDX.

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

Up: QQQ,

Down: DIA, SPY, IWM,

Breadth weakened on Monday as decliners led 1,772 to 1,135 on the NYSE and led 1,912 to 965 on the NASDAQ.

The SPY MFC green line is in upper zone at 86 bullish.

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

Neutral sectors: XLP,

Down trend sectors:

Intermediate-term trending stocks:  LRCX, ADBE, PYPL, ALGN, NVDA, BA, SQ, MCD, CAT, MU, CC, TRU, FB, A, ISRG, AA, CBOE, TAL, TTWO, LYV, AABA, BABA, FCAU, EDU, ANET, V, WYNN, RACE, WUBA, CCL, RCL, SHOP, ATVI, WB

37 of 100 NDX stocks closed higher on Monday.

52 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 1

TSCO,  

Moving Below 30 DMA = 6

COST, HAS, ILMN, JBHT, TMUS, WDC,

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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