DJIA: 25,709 as MMM, BA, GS and UNH Lead...VIX Continues to Fall...

After the Close Review of Monday’s market action…$INDU, MMM, BA, GS, IBM, TRV, AXP, CAT, CSCO, DIA, QQQ, SPY, IWM, AMZN, AAPL, FB, GOOGL, MSFT, NFLX, TXN, MU, great setup …11:29 pm PST

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The DJIA rose 399 points to 25,709 was led by strength in MMM, BA, GS, UNH, AAPL, IBM, TRV and AXP.  The DJIA closed above 25,000 for the twenty-fifth time this year.

Nine sectors were higher on Monday, led by technology XLK +1.57%, and financial XLF +1.51%.

SPY up 3.19 at 277.90 on 86.4 million shares, 36% below average volume.  Up on lower volume.

VIX down .69 at 15.80

Oil up.43 to 64.00

TLT up .04 at 118.17 on 9.0 million shares, 28% below average volume.  Up on lower volume.

CSCO +3.09%, and MMM +3.00%, led the DJIA, 29 advancers.

HPQ +6.01%, DISCA +4.83%, and BRK/B +3.88%, led the SPX.

QCOM +5.78%, KLAC +3.80%, AMAT +3.16%, MU +3.12% and AAL +3.02% led the NDX.

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

Up: DIA, QQQ, SPY, IWM

Down:

Breadth weakened on Monday, as advancers led 1,955 to 957 on the NYSE and led 1,886 to 1,002 on the NASDAQ.

The SPY MFC green line turned at 59, bullish. 

Uptrend sectors:  XLK, XLY, XLF, XLV, XLI, XLB

Neutral sectors: XLE,

Down trend sectors: XLP, XLRE, 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… IBKR, ADBE, TAL, EA, EBAY, SHOP, LYV, SQ, RACE, BA, NVDA, VRSN, ATVI, WB, RNG, V, CAT, MAR, ALGN, CCL, RCL, TRU, WYN, PYPL, A, AABA, BABA, FCAU,  FB, ANET, CBOE, TTWO, WYNN, ISRG, AA, WUBA, EDU, CC, MU,

79 of 100 NDX stocks closed higher on Monday.

65 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 9                            

AAL, ALXN, ESRX, GILD, MDLZ, QCOM, TTWO, TXN, XLNX,

Moving Below 30 DMA = 3

MAR, MNST, PYPL,

The intermediate and long-term trends are still up.  The two-month trend is sideways.  The seven-day trend is sideways.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

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