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SPX +175.03, +7.03% closes horizontal resistance
to make a higher high to go with Wednesday’s higher low
VIX made
its lowest close since March 6, one month ago.
All eleven sectors were higher on Monday, led by XLK, XLY and XLU
SPY up 16.67 at 264.86 on 188.0
million shares, average volume. Up on higher
volume.
VIX down 1.56 at 45.24
BA, RTX, AXP led the DJIA, 30 advancers, +24
PVH, CPRI, JWN, KSS led the SPX, 488 advancers
ULTA, MAR, ROST, KLAC led the NDX, 98 advancers
Two-year trend
term continues above 2018 support. 3-day short term trend
is up.
Up: IWM, DIA,
QQQ, SPY,
Down:
Breadth strengthened
on Monday as advancers led 2,731 to 276 on the NYSE and led 2,780 to 545 on the NASDAQ
The SPX
MFC green line turned up at 29.9 and is a short-term
bullish.
Uptrend sectors:
Neutral sectors:
Down trend sectors: XLK,
XLV, XLU, XLRE, XLC, XLP, XLY, XLI, XLB, 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: Up
98 of 100 NDX stocks
closed higher on Monday.
48 NDX stocks are above their 30 DMA: CTXS, SGEN, AMZN,
CDNS, NFLX, REGN, TTWO, VRTX, ALXN, NTES, INCY, AMGN, ATVI, CHKP, CSCO, EA, GILD,
ILMN, INTC, KHC, VRSN, XLNX, AMD, ANSS, AVGO, BIIB, CHTR, COST, CSX, IDXX, ISRG,
JD, KLAC, LULU, MDLZ, MSFT, MU, MXIM, NVDA, ORLY, PCAR, PEP, PYPL, SNPS, SWKS,
TMUS, TXN, VRSK,
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 26
AMD,
ANSS, AVGO, BIIB, CHTR, COST, CSX, IDXX, ISRG, JD, KLAC, LULU, MDLZ, MSFT, MU, MXIM,
NVDA, ORLY, PCAR, PEP, PYPL, SNPS, SWKS, TMUS, TXN, VRSK,
Moving Below 30 DMA = 0
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