After the Close Review of Monday’s market action…QQQ, AAPL, MSFT, AMZN, GOOGL, FB, SPY, DIA,
DIS, IWM, XLK, XLE, SYMC, CSX, CRM, STX, NTES, MELI, WYNN, SPXL, SPY, /ES, VIX breakout
setups…technical analysis insights…10:25 pm PST
Seven sectors were higher on Monday, led by technology XLK +0.86% and
energy XLE +0.72%.
SPY up .80 at 266.31 on 83.0 million shares, 17% above average volume. Up
on higher volume.
VIX down .24 at 9.34
Oil up .68 to 58.02
TLT down .26 at 126.439…on 3.8 million shares, 50% below
average volume. Down on lower volume.
DIS +2.49%, and AAPL +1.95%, led
the DJIA, 20 advancers.
CTL +8.18%, SWN
+5.83%, and
FTI +4.53%, led the SPX.
BMRN +7.46%, NTES
+7.23%, MELI +4.47%,
SYMC +4.43%, and TSLA +4.37%, led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is up.
Up:
SPY, DIA, QQQ,
Down:
IWM,
Breadth weakened on Monday, as advancers led 1,571
to 1,336 on the NYSE and decliners led 1,646 to 1,308 on the NASDAQ.
The SPY MFC green
line is pointed
up in the upper zone at 81, bullish.
Uptrend
sectors: XLY,
XLI, XLF, XLB, XLV, XLP, XLE, XLRE,
Neutral
sectors: XLK, XLU
Down
trend sectors:
Intermediate-term trending stocks: Many of these stocks have had significant
pull backs over the past two weeks 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,
64 of 100 NDX stocks closed
higher on Monday.
58
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 4
AAPL, CHKP, LVNTA, SYMC,
Moving Below 30 DMA = 1
ALXN,
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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