Day 5 Bull Flag Setup: QQQ, SPY, DIA...HAL Gaps Up After EPS...

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The DJIA, closed up 17 points at 27,171, led by strength in V, AXP, MCD, INTC and DIS.  Closing above 27,000 for the eighth straight day. 

Six of eleven sectors were higher on Monday, led by technology XLK +1.15% and energy XLE +0.46%. 

SPY up .73 at 297.90 on 43.6 million shares, 23% below average volume.  Up on lower volume.

VIX down .92 at 13.53

Oil up .36 at 56.22

TLT up .25 at 131.94 on 5.2 million shares. 

AAPL +2.29%, INTC +2.15%, led the DJIA, 17 advancers, +9

HAL +9.15%, DVA +4.91% and MU +3.67%, led the SPX.

AMAT +6.11%, WDC +5.43%, LRCX +4.40% and KLAC +3.93% led the NDX.

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

Up: QQQ, SPY, DIA,

Down: IWM,

Breadth strengthened on Monday, as decliners led 1,497 to 1,366 on the NYSE and led 1,586 to 1,452 on the NASDAQ

The SPY MFC green line is pointed down in the upper zone at 86 and is counter-trend defensive. 

Uptrend sectors: XLP, XLY, XLK, XLC, XLRE, XLU, XLV, XLF, XLI, XLB,

Neutral sectors:  XLE,

Down trend sectors:

The 6-month intermediate trend is up.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Sideways

59 of 100 NDX stocks closed higher on Monday.

68 NDX stocks are above their 30 DMA:  CTAS, CHTR, IDXX, TTWO, WLTW, COST, HAS, SBUX, VRSN, EXPE, FISV, INTU, PYPL, SNPS, MSFT, MXIM, ROST, BKNG, CTSH, AAPL, ADI, AMZN, CDNS, INTC, CTXS, UAL, AAL, LULU, SIRI, FB, TSLA, ADBE, SYMC, AMAT, ASML, AVGO, JD, KLAC, MCHP, NVDA, SWKS, TXN, WYNN, XLNX, QCOM, WDC, AMD, CTRP, MU, FOXA, VRSK, ADSK, CMCSA, GOOGL, WDAY, CSCO, ORLY, ULTA, LRCX, TMUS, JBHT, NXPI, ADP, ISRG, EBAY, KHC, LBTYA, MELI,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 1

MELI,

Moving Below 30 DMA = 3

CHKP, MDLZ, WBA,

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