Broad Rally on Monday as QQQ, SPY, IWM Close Above Wednesday's High...Short-term Breakout...

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Stocks rallied broadly on Monday led by QQQ and SPY, following a light volume selloff in a half-day of trading on Friday. 

The DJIA, closed up 354 points at 24,640, led by strength in GS, UNH, BA, AXP and TRV.  This is the fourth close below 25,000 since Oct. 30.

All eleven sectors were higher on Monday, led by communication XLC +2.28% and technology XLK +2.26%.

SPY up 4.25 at 267.50 on 79.9 million shares, 30% below average volume. Up on higher volume.

VIX down 2.62 at 18.90 

Oil up 1.21 at 51.60

TLT down .26 at 114.88 on 6.5 million shares. 

AXP +3.73%, MSFT +3.30%, led the DJIA, 28 advancers, +20

NWL +8.19%, LB +6.74% and FOSL +6.68%, led the SPX.

WYNN +6.89%, TSLA +6.19%, JD +6.18%, and VOD +6.02% led the NDX.

Long term up trend intact.  3-day short term trend is up.

Up: QQQ, SPY, DIA, IWM

Down:

Breadth strengthened on Monday, as advancers led 1,893 to 1,038 on the NYSE and decliners led 1,824 to 1,227 on the NASDAQ

The SPY MFC green line is pointed down at 23 and is short-term bearish.

Uptrend sectors:   XLRE, XLU, XLP,

Neutral sectors:  XLV, XLF, XLB, XLY, XLI,

Down trend sectors: XLE, XLC, XLK,

The 6-month intermediate trend is sideways.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Up

92 of 100 NDX stocks closed higher on Monday.

54 NDX stocks are above their 30 DMA.  SBUX, WBA, TSLA, PEP, XLNX, CMCSA, INTC, AAL, FOXA, MDLZ, ULTA, MNST, SYMC, FAST, MCHP, MYL, VRSK, CTXS, XRAY, ADI, MAR, NXPI, MXIM, NTES, AMAT, HOLX, KLAC, PAYX, PCAR, AVGO, CSX, CTAS, ORLY, SHPG, VOD, WDAY, ADSK, AMGN, HSIC, ADP, ADSK, AMGN, BMRN, CSCO, HAS, HSIC, ILMN, INCY, LBTYA, LRCX, MELI, SIRI, TXN, WYNN,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 15

ADP, ADSK, AMGN, BMRN, CSCO, HAS, HSIC, ILMN, INCY, LBTYA, LRCX, MELI, SIRI, TXN, WYNN,

Moving Below 30 DMA = 0

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