©
2020
NDX -0.50, -0.00%, is a
pause in a sideways channel bounce.
SPX +20.05, +0.56%, closes
at 3,577, is a five-day bull flag price pattern.
Eight
of eleven
sectors were higher on Monday, led by XLE,
XLF and XLI.
Energy leaders: OXY,
APA, FANG, EOG
Financial leaders: LNC,
UNM, DFS, COF
Industrials leaders: AAL, RHI, BA, FLS
SPY up 2.12 at 357.46 on 63.2
million shares, below average volume, up on lower volume.
VIX down 1.04 at 22.66
CVX, BA, DIS, AXP led the DJIA, 23 advancers, +18
GCI, OXY, APA, FANG led the SPX, 366 advancers
ALGN, TSLA AMAT, WDC led the NDX, 56 advancers
The two-year trend term is up. The one-year trend is up.
Up: IWM, DIA, SPY, QQQ,
Down:
Advancers strengthened on Monday as advancers led 2,382 to 734 on the NYSE and led
2,374 to 1,259 on the NASDAQ
The SPY MFC green line
is pointed down at 83.7 and is counter-trend
defensive. Price action is a bull
flag setup.
Uptrend sectors: XLU, XLB, XLI, XLY, XLP, XLV, XLF,
XLC, XLK,
Neutral sectors: XLRE, XLE,
Down trend sectors:
The 6-month intermediate trend is up. The
ten-day trend is sideways.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Sideways
56 of 100 NDX stocks
closed higher on Monday.
62 NDX stocks are above their 30 DMA: IDXX, QCOM, ADP, XLNX, SIRI, ALGN, GOOGL, PDD,
EXPE, NXPI, PAYX, CSX, KLAC, LRCX, TXN, ADI, AMAT, CTSH, FAST, MAR,
MCHP, MU, MXIM, SBUX, VRSK, WBA, ASML, BKNG, CTAS, FISV, INTU, MNST, TCOM,
TMUS, MRNA, WDC, CMCSA, ROST, ULTA, CHTR, CSCO, MDLZ, PEP, AVGO, COST,
JD, MELI, LBTYA, ADSK, KHC, AMD, FOXA, LULU, TSLA, DLTR, NTES, TTWO, CERN, ALXN,
BMRN, PCAR, PYPL,
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 4
ALXN, BMRN, PCAR, PYPL,
Moving Below 30 DMA = 5
AAPL, CDW, DOCU, EXC,
ISRG,
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