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The SPX is forming a horizontal
bull flag moving sideways for four days. A flag is a trend continuation pattern. SPY closed just above its Dec 10 low
for the fourth straight day.
The DJIA, closed down 86 points at 23,909, led by weakness in BA,
AAPL, MRK, JNJ and MCD.
One of eleven sectors was higher on Monday, led by financial XLF +0.69% and industrials XLI -0.01%.
SPY down .1.58 at 258.98 on 70.9 million shares, 50% below average
volume. Down on lower volume.
VIX up .88 at 19.07
Oil down .92 at 50.78
TLT down .45 at 120.48 on 6.7 million
shares.
JPM +1.03%, GS +1.01%, led the DJIA, 9 advancers, -6
GCI +21.23%, C +3.95% and GT +2.73%, led the SPX.
LULU +5.73%, LBTYA +2.34%, BKNG +1.62%, and ATVI +1.61% led the NDX.
Long term up
trend intact. 3-day short term trend is sideways.
Up:
Down: DIA, SPY, QQQ, IWM
Breadth weakened
on Monday, as decliners led 1,835 to 1,076 on the NYSE
and led 2,153 to 905 on the NASDAQ
The SPY
MFC green line is pointed up at 53 and
is short-term bullish.
Uptrend sectors:
Neutral sectors:
XLU, XLRE, XLB, XLY, XLC, XLV, XLI,
Down trend sectors: XLK,
XLP, XLF, XLE,
The 6-month intermediate
trend is down. The ten-day trend is up.
3-month Intermediate Term Market Trend: Down
3-day Short Term Market Trend: Sideways
17 of 100 NDX stocks closed higher on Monday.
63
NDX stocks are above their 30
DMA: DLTR, REGN, WDAY, XRAY, ROST, LULU,
CELG, INCY, NFLX, AMGN, AMZN, BIIB, CDNS, CTRP, EA, EBAY, FB, GILD, INTC, JD,
PCAR, PYPL, TMUS, VRTX, WYNN, XLNX, AMD, CTAS, MELI, NTES, TXN, ULTA, VRSN,
ADBE, ADSK, BMRN, HAS, INTU, MCHP, TTWO, ADI, AMAT, AVGO, FOXA, ISRG, KLAC,
LRCX, MU, NXPI, SNPS, CERN, CTXS, FAST, JBHT, MDLZ, MNST, NVDA, PAYX, QCOM,
SWKS, WLTW,
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 2
CSX, MYL,
Moving Below 30 DMA = 9
ALXN, ASML, GOOGL, IDXX, MXIM, NTAP,
SIRI, TSLA, WDC,
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