SPX Bounce in ST Sideways Channel...GOOGL Drops in After-hours...

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After the close GOOGL -60.60, -4.09% and LEG -1.47, -3.13% had negative EPS reactions.

                                                                                                                                              

Eight of eleven sectors were higher on Monday, led by XLB, XLK and XLC.

SPY up 2.39 at 324.12 on 69.2 million shares, average volume.  Up on lower volume.

VIX down .87 at 17.97

NKE, MSFT, MRK led the DJIA, 21 advancers, +17

CTVA, IPGP, NFLX led the SPX, 369 advancers

TSLA, BIDU, GILD, JD led the NDX, 85 advancers

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

Up: QQQ, IWM, SPY, DIA,

Down:

Breadth strengthened on Monday as advancers led 1,906 to 1,024 on the NYSE and led 2,064 to 1,147 on the NASDAQ

The SPX MFC green line is below 80 and is pointed down at 48 and is short-term bearish. 

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

Neutral sectors:  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

85 of 100 NDX stocks closed higher on Monday.

48 NDX stocks are above their 30 DMA:  AAPL, MSFT, ADBE, ADSK, LULU, MNST, WLTW, VRSK, GOOGL, TSLA, ULTA, VRSN, CSX, PYPL, CTAS, CDNS, INTU, XEL, EXC, NFLX, SNPS, INTC, ANSS, CPRT, CSGP, SPLK, CTXS, MELI, WDAY, FISV, VRTX, PAYX, COST, CHKP, PEP, AMZN, MDLZ, CHTR, ADP, CTSH, FOXA, GILD, IDXX, JD, LRCX, NTES, SIRI, WDC,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 10

ADP, CTSH, FOXA, GILD, IDXX, JD, LRCX, NTES, SIRI, WDC,

Moving Below 30 DMA = 0

  

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