NDX/QQQ, SPX/SPY Make a New All-time Closing High...MSFT, AMD, NVDA, TSLA, AMZN Lead Rally...

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SPX: 3,352.09, Nasdaq 100: 9,516.84, Nasdaq Composite: 9,628.39, made new all-time closing highs again today.  As Dave mentors live each day: “Trade with the trend as long as it continues.”

Nine of eleven sectors were higher on Monday, led by XLK, XLRE and XLY.

SPY up 2.48 at 334.68 on 42.0 million shares, below average volume.  Up on lower volume.

VIX down .43 at 15.04

MSFT, BA, CSCO led the DJIA, 23 advancers, +18

L, MCK, IPGP led the SPX, 348 advancers

AMD, NVDA, NTES, TSLA led the NDX, 81 advancers

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 1,719 to 1,210 on the NYSE and led 2,011 to 1,219 on the NASDAQ

The SPX MFC green line crossed above 80 and is pointed up at 90 and is short-term bullish. 

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

Neutral sectors:  XLB,

Down trend sectors: XLE,

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: Up

81 of 100 NDX stocks closed higher on Monday.

68 NDX stocks are above their 30 DMA:  AAPL, MSFT, ADBE, ADSK, LULU, MNST, WLTW, VRSK, GOOGL, TSLA, ULTA, CSX, PYPL, CTAS, CDNS, INTU, XEL, EXC, NFLX, SNPS, INTC, ANSS, CPRT, CSGP, SPLK, CTXS, WDAY, FISV, VRTX, PAYX, COST, CHKP, PEP, AMZN, MDLZ, CHTR, ADP, CTSH, GILD, JD, LRCX, NTES, WDC, AAL, AMAT, AMD, ASML, CERN, EBAY, FAST, MXIM, NVDA, NXPI, TMUS, AVGO, BIIB, BMRN, CSCO, MU, REGN, ROST, SGEN, TXN, ATVI, IDXX, MCHP, MELI, SIRI,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 3

MCHP, MELI, SIRI,  

Moving Below 30 DMA = 1

EXPE,  

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