SPX Higher as Breadth Strengthens...ZM, TSLA Leads NDX...

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NDX +43.36, +1.45%, and SPX +11.42, +0.38%, opened slightly lower and inched its way throughout the day. The NDX broke above horizontal resistance.  The SPX is a breakout continuation.

ZM +13.75%, led the NDX for the second straight day and will report EPS tomorrow after the close.

Nine of eleven sectors were higher on Monday, led by XLRE, XLE and XLU

SPY up 1.23 at 304.32 on 56.7 million shares, below average volume, up on lower volume.

VIX up .72 at 28.23.

BA, TRV, XOM led the DJIA, 17 advancers, 0

COTY, GPS NCLH, APA led the SPX, 347 advancers

ZM, TSLA, MAR, AAL led the NDX, 51 advancers

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

Up: IWM, SPY, DIA, QQQ

Down:

Breadth strengthened on Monday as advancers led 2,237 to 738 on the NYSE and led 1,978 to 1,321 on the NASDAQ

The SPX MFC green line is pointed up at 93 and is short-term bullish.  Price action is a breakout continuation.

Uptrend sectors:  XLV, XLK, XLY, XLC, XLB,

Neutral sectors:  XLE, XLI, XLF, XLU, XLRE, XLP,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Up

51 of 100 NDX stocks closed higher on Monday.

91 NDX stocks are above their 30 DMA:  SGEN, AMZN, CDNS, TTWO, ATVI, CSCO, EA, ILMN, KHC, AVGO, CHTR, IDXX, ISRG, KLAC, LULU, MSFT, MXIM, NVDA, ORLY, SNPS, SWKS, ADI, FB, QCOM, SBUX, AAPL, ADSK, EBAY, FAST, GOOGL, INTU, LBTYA, MCHP, MELI, MNST, PYPL, SPLK, WDAY, ADBE, ALGN, TSLA, BMRN, VRSK, FISV, CPRT, ZM, AMAT, JD, NTES, TMUS, CHKP, CSX, CTAS, EXPE, FOXA, INTC, LRCX, ADI, ANSS, AVGO, BKNG, CDW, CMCSA, CSX, DLTR, INTC, MAR, MXIM, NXPI, PCAR, ROST, TXN, XLNX, INCY, PAYX, ULTA, WDC, EXC, AAL, ALXN, MU, SIRI, TCOM, UAL, ADP, VRTX, CERN, COST, MDLZ, REGN, VRSN, XEL, CTXS, WBA, NXPI, PEP,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 2

NXPI, PEP,

Moving Below 30 DMA = 1

NTAP,

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