©
2020
NDX +124.12, +1.11%, bull flag bounce and horizontal breakout as
NDX hits new all-time closing high on
strength in TSLA, NVDA, PYPL, AMZN, MSFT and GOOGL.
SPX +9.14, +0.27%, opened
and
closed higher at 3,381.99,
pausing for a fourth day at resistance and less than five points
below its February 19 closing high of 3,386.15. SPX hit 3,387.59
intraday, just six points below its February 19 all-time intraday high of 3,393.52.
Seven
of eleven
sectors were higher on Monday, led by XLY,
XLRE and XLK.
Consumer Discretionary leaders: LB, GM, LEN, TSCO
Real Estate leaders: DRE, WY, DLR, IRM
Technology leaders: NVDA, MCHP, PYPL, JKHY
SPY up +1.07 at 337.91 on 35.4
million shares, below average volume, up on lower volume.
VIX down .70 at 21.35
HD, WMT, MRK led the DJIA, 11 advancers, -6
LB, GM NEM, DVA led the SPX, 248 advancers
TSLA, ZM, JD, NVDA led the NDX, 72 advancers
The two-year trend term is up. The one-year trend is up.
Up: QQQ, IWM, SPY,
Down: DIA,
Breadth strengthened on Monday
as advancers led 1,528
to 1,453 on the NYSE and led 1,908 to 1,509 on the NASDAQ
he SPX MFC green line is sloped down at 94.7 and is short-term bullish. Price action is a pause at resistance of its
all-time high.
Uptrend sectors: XLI, XLP, XLB, XLY, XLK, XLC, XLV,
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: Up
71 of 100 NDX stocks
closed higher on Monday.
75 NDX stocks are above their 30 DMA: AMZN, CDNS, IDXX, NVDA,
SWKS, AAPL, FAST, MELI, PYPL, MXIM, LRCX, TTWO, AMGN, VRSK, XLNX, CHKP, COST, MNST,
CHTR, CMCSA, CTSH, KHC, PCAR, AMD, CTAS, ISRG, LULU, ORLY, XEL, CPRT, CSX,
TCOM, SIRI, AMAT, BIIB, QCOM. ROST, SBUX, KLAC, AVGO, FB, MSFT, NXPI, TMUS, DLTR,
TXN, ALGN, BKNG, ULTA, MAR, PAYX, WBA, CERN, EXPE, ADBE, ANSS, EA, INTU,
MSFT, PEP, TSLA, FOXA, FISV, WBA, ADI, ADSK, ASML, ATVI, BIDU, DOCU, DXCM, EBAY,
GOOGL, NTES, SNPS, WDAY, ZM,
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 13
ADI, ADSK, ASML, ATVI,
BIDU, DOCU, DXCM, EBAY, GOOGL, NTES, SNPS, WDAY, ZM,
Moving Below 30 DMA = 1
EXC,
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