After the Close Review of Monday’s action…QQQ, DIA, SPY, IWM, 10 GREAT bull flag
setups including XLE, XLK, AXP, BA
and more…4:49 pm PT
Seven sectors were higher on Monday, led by utilities XLU +1.19% and
staples XLP +0.57%.
SPY up .24 at 258.33 on 49.9 million shares, 16% below average volume. Up on lower
volume.
VIX up .21 at 11.50
Oil down .17 to 56.73
TLT up .26 at 124.36…on
5.9 million shares, 16% below average. Up on lower volume.
MCD +1.07%, and PG +.95%, led
the DJIA, 18 advancers.
MAT +20.66%, GGP
+8.33% and
AES +5.77% led the SPX.
HAS +5.88%, HOLX
+4.29%, TSLA +4.10%,
JD +3.45%, and SIRI +3.00%, led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is down.
Up:
QQQ, DIA, SPY, IWM,
Down:
Breadth was flat on Monday as
decliners led 1,621 to 1,273
on the NYSE and led 1,472 to 1,426 on the NASDAQ.
The SPY MFC green
line is in
upper zone at 90 bullish.
Uptrend
sectors: XLRE,
XLU, XLK, XLY, XLE, XLF, XLB, XLI,
Neutral
sectors: XLV,
Down
trend sectors: XLP,
Intermediate-term trending stocks: LRCX, ADBE, PYPL, ALGN, NVDA, BA, SQ, V, MCD,
CAT, MU, CC, TRU, FB, A, ISRG, AA, CBOE, TTWO, AABA, BABA, FCAU, ANET, WYNN,
RACE, RNG, WUBA, TAL, CCL, RCL, LYV, EDU, SHOP, ATVI, WB
54 of 100 NDX stocks closed
higher on Monday.
54
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 2
ESRX, HAS,
Moving Below 30 DMA = 2
CSCO, MYL,
The
intermediate and long-term trends are still up.
6-month Intermediate Term
Market Trend: Up
3-day Short Term Market
Trend: Down
No comments:
Post a Comment