©
2020
NDX +213.32, +1.91%, opened
higher and closed higher for the third straight day.
The rally was led by strength in AAPL, AMZN, TSLA, MSFT, GOOGL, PYPL,
NVDA and ADBE.
SPX +53.14, +1.61%, closes
at 3,351. SPX gapped up above last week’s high, traded and closed above that
high on Monday.
All eleven
sectors were higher on Monday, led by XLF,
XLE and XLY.
Financial leaders: IVZ, LNC, RF, DFS
Energy leaders: DVN, FANG, FTI, MPC
Consumer Discretionary leaders: GPS, ROST, ETSY, TJX
SPY up +5.46 at 334.19, on 64.5 million shares, below average volume, up
on lower volume.
VIX down -0.19 at 26.19
BA, DOW, INTC led the DJIA, 27 advancers, +2
DVN, GCI, IVZ, AA led the SPX, 465 advancers
TCOM, ROST, INCY, SWKS led the NDX, 93 advancers
The two-year trend term is up. The one-year trend is up.
Up: IWM, QQQ, SPY, DIA,
Down:
Breadth strengthened on Monday as advancers led 2,587 to 475 on the NYSE and
led 2,693 to 814 on the NASDAQ
The SPY MFC green line
is pointed up at 19 and is bullish. Price action is a bounce continuation above Friday’s
high.
Uptrend sectors: XLB, XLI, XLY, XLP, XLV, XLK, XLC,
Neutral sectors: XLRE, XLF, XLU,
Down trend sectors: XLE,
The 6-month intermediate trend is up. The
ten-day trend is down.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up
93 of 100 NDX stocks
closed higher on Monday.
52 NDX stocks are above their 30 DMA: CMCSA, CSX, AVGO, ZM, ALXN, MU, SGEN, WDAY,
WDC, BIDU, ALGN, CDW, CHTR, CPRT, CTAS, CTSH, FISV, IDXX, INTC, MRNA, NVDA,
PAYX, QCOM, SBUX, SNPS, TCOM, ADBE, ADI, ADP, AMGN, ASML, ATVI, BIIB, CERN, COST,
DOCU, EBAY, FOXA, INTU, LRCX, MXIM, PCAR, PEP, ROST, SWKS, TMUS, TSLA, TTWO,
TXN, VRSK, XEL, XLNX,
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 26
ADBE, ADI, ADP, AMGN,
ASML, ATVI, BIIB, CERN, COST, DOCU, EBAY, FOXA, INTU, LRCX, MXIM, PCAR, PEP,
ROST, SWKS, TMUS, TSLA, TTWO, TXN, VRSK, XEL, XLNX,
Moving Below 30 DMA = 0
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2 comments:
Thanks Dave for this blog and all you do.,
Robert
CANI212
I 2nd TraderBobb, Dave. I too, much appreciate you and how hard you work to help us.
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