Financial & Industrial Sectors Push SPX to Highest Close since June 12...HBO Setup...FB New All-time Closing High...

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Seven sectors were higher on Monday, led by financial XLF +2.29% and industrial XLI +1.86%.

MET +3.98%, after a Barclays analyst maintains overweight, and COF +3.94%, was upgraded to outperform, led the financial sector.  CAT +4.11% led industrial sector after naming a new digital enabled solutions VP.

The DJIA, led the broad indices and closed up 320 points at 24,776, led by strength in BA, GS, CAT, JPM and MMM.

SPY up 2.48 at 277.90, on 50.4 million shares, 31% below average volume. Up on lower volume

VIX down .68 at 12.69

Oil up .09 at 74.01

TLT down .79 at 121.96 on 5.9 million shares.

CAT +4.11, JPM +3.09%, led the DJIA, 25 advancers +1.

DLPH +5.03%, NBL +4.57% and MET +3.98%, led the SPX.

BIDU +4.05%, ULTA +3.33%, AAL +3.20%, and TSLA +3.11%, led the NDX.

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

Up: DIA, SPY, QQQ, IWM

Down:

Breadth weakened on Monday, as advancers led 1,863 to 1,069 on the NYSE and led 1,842 to 1,113 on the NASDAQ

The SPY MFC green line turned up at 62, bullish. 

Uptrend sectors:  XLU, XLRE, XLV, XLY, XLK, XLE,

Neutral sectors: XLP, XLB, XLF, XLI,

Down trend sectors:

The 6-month intermediate and long-term trends are still up.  The three-month trend is sideways.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Up

76 of 100 NDX stocks closed higher on Monday.

69 NDX stocks are above their 30 DMA.  COST, FB, NFLX, FOXA, EA, AMGN, KHC, REGN, ROST, CHTR, HAS, MDLZ, MNST, DISH, TMUS, HOLX, HSIC, NTES, CTSH, ALXN, ISRG, AMZN, ATVI, CMCSA, CTRP, GILD, IDXX, INTU, SHPG, TTWO, BMRN, CELG, ILMN, VRTX, CDNS, CERN, CHKP, EXPE, FISV, ESRX, QRTEA, XRAY, BIIB, CA, CTAS, FB, GOOGL, MELI, MXIM, ORLY, PAYX, PYPL, STX, SWKS, SYMC, VRSK, WDAY, ADBE, ADSK, ALGN, CTXS, INCY, LBTYA, MSFT, VOD, AAPL, BIDU, CSX, ULTA,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 4

AAPL, BIDU, CSX, ULTA,

Moving Below 30 DMA = 1

JD,

Intermediate-term trending stocks: 

RACE, ADBE, IBKR, ETFC, MA, V, ISRG, WIX, NDAQ, WYNN, VRSN, TAL, COP, CRM, NTAP, RNG, AA, WUBA, FCAU, NVDA, SQ, ALGN, AKAM, SHOP, EL

BA, MU, MAR, CMA, CME, ANET, HRS, KORS,

DLTR, WB, TPR,

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