After the Close Review of Friday’s market action…DIA, SPY, QQQ, IWM, $VIX, BA, CSCO, INTC,
JPM, MSFT, NKE, ADBE, AMZN, ATVI, EA, MU, NFLX, NVDA, STX, TXN, PYPL, SQ more
great setups …11:03 pm PST
The DJIA, rose 336 points to 24,874, was led by in BA, GS, CAT, HD, UNH, MCD, IBM and MMM.
Ten sectors were higher on Monday, led by utilities XLU +2.04%, and
real estate XLRE +1.41%.
SPY up 3.11 at 272.19 on 97.2 million shares, 30%
below average volume.
Up on lower volume.
VIX down .86 at 18.73
Oil up 1.16 to 62.61
TLT down .32 at 118.03 on 5.6 million shares, 53% below
average volume. Down on lower volume.
CAT +3.24%, and BA +2.34%, led
the DJIA, 29 advancers.
XL +29.15%, RE
+6.42%, and
TRIP +5.74%, led the SPX.
MU +5.95%, INCY
+5.03%, NFLX +4.63%,
CHTR +4.16% and MCHP +3.48% led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is neutral.
Up: QQQ, DIA, SPY, QQQ, IWM
Down:
Breadth improved on Monday, as advancers led 2,142 to 762 on the NYSE and led 1,956 to 955 on the
NASDAQ.
The SPY MFC green
line pointed
down at 53,
defensive.
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,
84 of 100 NDX stocks closed
higher on Monday.
57 NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA =
11
ADI, ALGN, ALXN, ASML,
COST, CTRP, FAST, HAS, ILMN, INCY, ISRG,
Moving Below 30 DMA = 1
JBHT,
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: Neutral
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