After the Close Review of Monday’s market action…QQQ. SPY, IWM, INDU, DIA, CAT, WMT, NDX,
AMZN, NVDA, FB, TSLA, CSCO, BIDU, ISRG, PCLN, AMAT, CSX, STX, XLU, XLRE and
more setups …10:40 pm PST
Record highs: BA, CAT, MSFT, UTX, V, WMT, AMZN,
CSX, FB, GOOGL, INTU, JBHT, MELI, MSFT, NFLX, NVDA, TXN
Eight sectors were higher on Monday, led by utilities XLU +0.94% and
real estate XLRE
+0.68%.
SPY up .50 at 273.92 on 57.3 million shares, 31% below average volume. Up
on lower volume.
VIX up .30 at 9.52
Oil up .31 to 61.90
TLT down .08 at 125.63…on
8.5 million shares, average volume. Down on lower volume.
CAT +2.51% and WMT +1.48%, led
the DJIA, 14 advancers.
KSS +4.67%, ALB
+4.35%, and
WU +4.32%, led the SPX.
STX +7.13%, TSLA
+6.26%, ISRG +3.39%,
ALGN +3.25%, and NVDA +3.06%, led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is up.
Up:
QQQ, SPY, IWM,
Down:
DIA,
Breadth weakened on Monday, as advancers led 1,711 to 1,212 on the NYSE and decliners led 1,461 to
1,435 on the
NASDAQ.
The SPY MFC green
line is in the
upper zone at 98, bullish.
Uptrend
sectors: XLB,
XLE, XLY, XLI, XLF, XLP, XLK, XLV,
Neutral
sectors: XLRE,
Down
trend sectors: XLU,
Intermediate-term trending stocks: Many of these stocks have had significant
pull backs over the past month and it is appropriate to wait for the uptrend
to resume before considering entry… CAT, MAR, V, BA, WYNN, IBKR, TRU, CBOE,
VRSN, WYN, MCD, AA, TAL, FCAU, CCL, RCL, CC, EDU, ADBE, PYPL, MU, LYV, FB, A,
ISRG, TTWO, AABA, BABA, CDNS, ANET, RNG, WUBA, SHOP, ATVI, NVDA, SQ, RACE,
ALGN, WB, LRCX,
65 of 100 NDX stocks closed
higher on Monday.
91
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 2
HAS, TSLA,
Moving Below 30 DMA = 3
REGN, SHPG, WYNN
The
intermediate and long-term trends are still up.
6-month Intermediate Term
Market Trend: Up
3-day Short Term Market
Trend: Up
3 comments:
Thank you Dave.
Just looking at XLU stocks. Soooo many MACD bullish divergence to choose from!!
Kempington...you're welcome...when the sector is bottoming and forming a divergence, it's pretty common for a lot of the stocks in the sector to do the same...good eyes...Dave
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