All-time Closing Highs in SPY, DIA, QQQ, IWM...Materials, Financial Lead Sectors...AKAM Soars...

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After the Close Review of Monday’s market action…SPY, DIA, QQQ, IWM, AAPL, AMZN, FB, GOOGL, MSFT, NVDA, BIDU, CDNS, DLTR, XLNX, AMAT, MU, TLT, VIX, and more breakout setups…technical analysis insights…10:46 pm PST

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The NDX 100 completed its annual changes before the open today when AKAM, DISCA, NCLH, TSCO and VIAB were removed from the index and ASML, CDNS, SNPS, TTWO and WDAY were added.

Eight sectors were higher on Monday, led by technology XLB +1.47% and financial XLF +0.90%.

SPY up 1.69 at 268.20 on 83.6 million shares, 6% above average volume.  Up on lower volume.

VIX up .11 at 9.53

Oil down .04 to 57.35

TLT down 1.17 at 127.18…on 6.8 million shares, 8% below average volume.  Down on higher volume.

INTC +3.82%, and CAT +2.10%, led the DJIA, 19 advancers.

AKAM +13.69%, AMD +6.71%, and CHK +5.13%, led the SPX.

KLAC +5.29%, JD +3.37%, NVDA +3.31%, BIDU +3.19%, and MU +3.09%, led the NDX.

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

Up: IWM, QQQ, SPY, DIA

Down:

Breadth was steady on Monday, as advancers led 2,089 to 849 on the NYSE and led 1,992 to 945 on the NASDAQ.

The SPY MFC green line is pointed up in the upper zone at 93, bullish.

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

Neutral sectors: XLU

Down trend sectors:

Intermediate-term trending stocks:  Many of these stocks have had significant pull backs over the past week and it is appropriate to wait for the uptrend to resume before considering entry… CBOE, VRSN, WYNN, BA, MCD, CAT, TRU, LYV, FCAU, CCL, RCL, SQ, CC, EDU, AA, ADBE, PYPL, ALGN, V, MU, FB, A, ISRG, TTWO, AABA, BABA, CDNS, ANET, RNG, WUBA, SHOP, ATVI, WB, LRCX, NVDA, RACE, TAL,

68 of 100 NDX stocks closed higher on Monday.

67 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 5                            

ADI, BIDU, EXPE, INTC, MXIM,

Moving Below 30 DMA = 5

EA, HAS, KHC, LVNTA, REGN,

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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