SPX Bull Flag Bounce, AAPL Leads Big Tech and MRNA Leads NDX Higher...

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NDX +191.24, +1.82% and SPX +23.78, +0.74%.  NDX moved above the HOLD and is a channel bounce trigger.  SPX opened higher and closed higher.  SPX moved above the HOLD and is a bull flag trigger. 

MRNA +6.70, +9.15% led the NDX after reporting they had received another $472M in government funding and that Phase 3 trials of their covid-19 vaccine started on Monday.    

HAS, and AVY reported EPS Monday morning before the open.  FFIV, CINF ARE, PFG, UHS OTIS and NOV reported after the close.


PFE, MCD, RTX, MMM, SPGI, MO, SHW, CNC, CMI, ROK, GLW, LH, IVZ, HOG and JBLU report before the open on Tuesday.

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

Technology leaders:  GLW, IPGP, QCOM, XLNX

Materials leaders:  AA, FCX, NEM, FCX

Real Estate leaders:  WY, DLR, SPG, EQIX

SPY up 2.34 at 323.22 on 48.2 million shares, below average volume, up on lower volume.

VIX down 1.10 at 24.74

DOW, MRK, AAPL led the DJIA, 17 advancers, +9

WY, BIIB, WHR, KLAC led the SPX, 299 advancers

MRNA, TSLA, MELI, ALXN led the NDX, 86 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 1,796 to 1,210 on the NYSE and led 2,024 to 1,358 on the NASDAQ

The SPX MFC green line is pointed down at 88.9 and is counter-trend defensive.  Price action is bull flag bounce trigger.

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

Neutral sectors:  XLU, XLRE, XLF, XLE,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

86 of 100 NDX stock closed higher on Monday.

79 NDX stocks are above their 30 DMA:  AMZN, CDNS, IDXX, NVDA, SWKS, AAPL, EBAY, FAST, MELI, PYPL, SPLK, ALGN, TSLA, BMRN, NTES, MXIM, TXN, LRCX, EA, TTWO, ATVI, ILMN, ANSS, NFLX, AMGN, DOCU, DXCM, PEP, VRSK, XLNX, CHKP, COST, GOOGL, MNST, CHTR, BKNG, CMCSA, CTSH, KHC, PCAR, DLTR, AMD, CTAS, ISRG, LULU, ORLY, XEL, CERN, CPRT, CSX, EXC, TCOM, CSCO, MRNA, FISV, SBUX, SIRI, VRSN, ADBE, ADSK, AMAT, ASML, AVGO, BIIB, CDW, EXPE, INTU, JD, KLAC, LBTYA, MSFT, MU, NTAP, NXPI, QCOM. REGN, SGEN, SNPS, WDC,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 21

ADBE, ADSK, AMAT, ASML, AVGO, BIIB, CDW, EXPE, INTU, JD, KLAC, LBTYA, MSFT, MU, NTAP, NXPI, QCOM. RGEN, SGEN, SNPS, WDC,

Moving Below 30 DMA = 1

FOXA,

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