SPX/SPY Bounce at Support Regain 40% of Friday's Selloff, After News of Trade Talks...

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SPY, DIA, QQQ and IWM regained on Monday approximately 40% of Friday’s selloff after news that trade talks could resume.

After a pullback on Friday, TGT, HD, JWN, KEYS, SNPS, INTU and CRM continued their post EPS rise.  ROKU, SHOP, SHAK and HSY continued their uptrend after a pullback on Friday.

The DJIA, closed up 269 points at 25,898, led by strength in AAPL, GS, BA, DIS and TRV.  Closing below 27,000 for the nineteenth straight day.  

All eleven sectors were higher on Monday, led by communication services XLC +1.50% and technology XLK +1.39%.

SPY up 3.15 at 288.00 on 72.6 million shares, 10% below average volume.  Up on lower volume.

VIX down .55 at 19.32

TLT down .59 at 145.37 on 12.1 million shares. 

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

Up:  QQQ, SPY, IWM, DIA,

Down:

Breadth gained on Monday, as advancers led 1,973 to 974 on the NYSE and led 2,013 to 1,055 on the NASDAQ

The SPY MFC green line pointed down at 38 and is short-term bearish. 

Uptrend sectors: XLRE, XLU, XLP, XLY, XLK,

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

Down trend sectors: XLE,

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

91 of 100 NDX stocks closed higher on Monday.

24 NDX stocks are above their 30 DMA:  SBUX, FISV, AMGN, CELG, KLAC, TTWO, VRSK, VRTX, NTES, SYMC, PEP, EA, SNPS, INTU, AAPL, ADP, ATVI, BKNG, CHTR, COST, INCY, JBHT, MDLZ, NVDA,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 10

AAPL, ADP, ATVI, BKNG, CHTR, COST, INCY, JBHT, MDLZ, NVDA,

Moving Below 30 DMA = 2

ALXN, QCOM,

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