Monday, June 22, 2020

NDX: All-time Closing High 10,130 as AAPL, MSFT, AMZN, FB Make Record Highs...


© 2020

NDX +121.69, +1.22%, and SPX +20.12, +0.65%SPX opened flat and rallied as AAPL, MSFT and AMZN rose to new all-time highs.  

The NDX rose to a new all-time closing highAAPL, MSFT, AMZN, FB, PYPL, ADBE, NFLX, NVDA, CDNS, INCY, SGEN, MELI, ZM, SNPS, DOCU, IDXX and SPLK also made new closing highs on Monday.


Seven of eleven sectors were higher on Monday, led by XLK, XLY and XLU                   

SPY up 1.98, at 310.62 on 74.6 million shares, below average volume, up on lower volume.
VIX down 3.35 at 31.77

NKE, MSFT, AAPL led the DJIA, 16 advancers, +8
GPS, CARR CMG AES led the SPX, 259 advancers
SNPS, DOCU, PYPL, AVGO led the NDX, 61 advancers

The two-year trend term is up.  The one-year trend is up.

Up: QQQ, IWM, SPY, DIA,
Down:

Breadth strengthened on Monday as advancers led 1,557 to 1,391 on the NYSE and led 1,858 to 1,515 on the NASDAQ

The SPX MFC green line is turned at 75.6 and is short-term bullish.  Price action is a 5-day bull flag, bounce and a 4-day pause closing above the HOLD.


Uptrend sectors XLY, XLK, XLV, XLC, XLB, XLI, XLF, XLRE, XLE,
Neutral sectors:  XLU, XLP,
Down trend sectors:

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

3-month Intermediate Term Market Trend: Up
3-day Short Term Market TrendSideways

61 of 100 NDX stock closed higher on Monday.

78 NDX stocks are above their 30 DMA:  AMZN, CDNS, KHC, AVGO, IDXX, ISRG, KLAC, LULU, MSFT, NVDA, ORLY, SNPS, SWKS, FB, QCOM, AAPL, ADSK, EBAY, FAST, GOOGL, MCHP, MELI, MNST, PYPL, SPLK, WDAY, ADBE, ALGN, TSLA, BMRN, VRSK, ZM, AMAT, JD, NTES, TMUS, CTAS, EXPE, LRCX, AVGO, BKNG, CDW, DLTR, MXIM, PCAR, TXN, XLNX, PAYX, AAL, ALXN, MU, SIRI, UAL, REGN, XEL, NXPI, EA, TTWO, ADP, ATVI, CHTR, ILMN, LBTYA, AMD, ANSS, DXCM, MDLZ, CERN, INTU, NFLX, SGEN, WBA, AMGN, INCY, GILD, WDC, TCOM,

NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 1
TCOM,

Moving Below 30 DMA = 2
CHKP, CTSH,  


Add Comments here:

No comments: