DJI, RUT, SPX Close Above Friday's High...

 
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NDX +31.81, +0.29%, opened and closed higher.  The move was led by strength in TSLA, GOOGL, NVDA and NFLX.  NDX is near its 3-month support level in a 600+ point sideways channel.
 
SPX +40.28, +1.23%, closes at 3,310, recovering all of Friday’s decline and bounced above the high of the hammer on Friday and is a channel bounce.
 
Ten of eleven sectors were higher on Monday, led by XLE, XLB and XLI.
 
Energy leaders: NOV, FTI, APA, FANG
Basic Materials leaders: MOS, FCX, DOW, LYB
Industrials leaders: URI, PWR, LHX, TXT
 
SPY up +3.66 at 330.20 on 86.0 million shares, above average volume, up on lower volume.
VIX down -.89 at 37.13
 
HON, WBA, DOW, CAT led the DJIA, 25 advancers, +12
MHK, NOV, URI, FTI led the SPX, 440 advancers
ALGN, PCAR, ROST, CSX led the NDX, 67 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, DIA, SPY, QQQ,
Down:
 
Breadth strengthened on Monday as advancers led 2,272 to 792 on the NYSE and led 2,373 to 1,161 on the NASDAQ
 
The SPY MFC green line is pointed down at 30.7 and is short-term bearish.  Price action is a hammer at the 78.6% Fib retracement level and is a channel bounce setup.
 
Uptrend sectors:  XLU, XLI, XLY, XLB, XLP, XLK, XLC, XLV,
Neutral sectors:  XLRE, XLF,
Down trend sectors: XLE,
 
The 6-month intermediate trend is up.  The ten-day trend is down.
 
3-month Intermediate Term Market Trend: Sideways
3-day Short Term Market Trend: Down
 
67 of 100 NDX stocks closed higher on Monday.
 
29 NDX stocks are above their 30 DMA:   IDXX, QCOM, ADP, XLNX, BIDU, SIRI, EXC, MELI, ALGN, JD, GOOGL, PDD, CDNS, EXPE, NXPI, PAYX, CSX, ADSK, CDW, CERN, COST, CPRT, FOXA, KHC, KLAC, LRCX, PCAR, TXN, XEL,
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 12
ADSK, CDW, CERN, COST, CPRT, FOXA, KHC, KLAC, LRCX, PCAR, TXN, XEL,
 
Moving Below 30 DMA = 1
CTSH,
 
 
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