© 2020
NDX -260.97, -2.16%, opened higher, reversed and closed below Friday’s low. A channel bounce down.
SPX +41.06, +1.17%, closes at 3,550, gapped higher at the open after PFE announced that their Covid-19 vaccine candidate was 90% effective and made a new all-time intra-day high, before reversing after the first 15 minutes, filling most of the opening gap and forming a shooting star candle.
A stock rotation into Energy, Financial, Travel related stocks and out of Tech stocks occurred on Monday.
Seven of eleven sectors were higher on Monday, led by XLE, XLF and XLI.
Energy leaders: VLO, FANG, HFC, NOV
SPY up 4.40 at 354.56 on 172.3 million shares, above average volume, up on higher volume.
VIX up 0.89 at 25.75
AXP, BA, JPM, DIS led the DJIA, 23 advancers, +11
The two-year trend term is up. The one-year trend is up.
Up: IWM, DIA, SPY,
Advancers strengthened on Monday as advancers led 2,442 to 685 on the NYSE and led 2,408 to 1,196 on the NASDAQ
The SPY MFC green line is pointed up at 73.6 and is bullish. Price action is a close below resistance.
Uptrend sectors: XLU, XLB, XLI, XLY, XLC, XLP, XLV, XLK,
Down trend sectors: XLE,
The 6-month intermediate trend is up. The ten-day trend is up.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up
45 of 100 NDX stocks closed higher on Monday.
63 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, CPRT, KLAC, LRCX, PCAR, TXN, XEL, ADI, AMAT, CTSH, DLTR, FAST, MAR, MCHP, MU, MXIM, SBUX, SNPS, VRSK, WBA, ALXN, AMD, ASML, BKNG, CTAS, FB, FISV, INCY, INTU, MNST, MSFT, NVDA, TCOM, TMUS, VRSN, AAPL, AVGO, ISRG, MRNA, WDAY, WDC, AMGN, CMCSA, ROST, ULTA,
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 4
Moving Below 30 DMA = 15
ADBE, AMZN, ANSS, BIIB, CHTR, COST, DOCU, KHC, LULU, NFLX, NTES, PYPL, TSLA, TTWO, ZM,
Add Comments here:
No comments:
Post a Comment