Monday, November 16, 2020

SPX, DJI, RUT New All-time Closing Highs...TSLA in the SPX on Dec 21...

 
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SPX, DJI, RUT and the ETF’s SPY, DIA, IWM made all-time closing highs on Monday.
 
TSLA +53.83, +13.19%, gains in after-hours trading following the announcement that TSLA will be added to the S&P500 on Dec 21.
 
NDX +75.54, +0.63%, opened flat and closed higher on a channel bounce continuation. 
 
SPX +41.76, +1.16%, closes at 3,626, made a bull flag bounce continuation and was a new all-time closing high on Monday.
 
Ten of eleven sectors were higher on Monday, led by XLE, XLI and XLF. 
 
Energy leaders: FTI SLB NOV VLO
Industrials leaders: BA, NLSN, CARR, ALK
Financials leaders: MTB, KEY, ZION, PBCT
 
SPY up 4.47 at 362.57 on 74.5 million shares, average volume, up on higher volume.
VIX down .65 at 22.45
 
BA, CVX, DIS, DOW led the DJIA, 26 advancers, -4
FTI, SLB, CCL NOV led the SPX, 419 advancers
MRNA, MU, WDC, ULTA led the NDX, 71 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, DIA, SPY, QQQ,
Down:
 
Advancers remained strong on Monday as advancers led 2,562 to 534 on the NYSE and led 2,581 to 1,006 on the NASDAQ
 
The SPY MFC green line is turned up at 82.1 and is bullish.  Price action is a bull flag bounce continuation and a horizontal breakout setup.
 
Uptrend sectors XLU, XLB, XLI, XLY, XLC, XLP, XLV, XLK,
Neutral sectors:  XLF, XLRE,
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 TrendUp
 
71 of 100 NDX stocks closed higher on Monday.
 
71 NDX stocks are above their 30 DMA:   IDXX, QCOM, ADP, XLNX, BIDU, SIRI, EXC, ALGN, GOOGL, PDD, EXPE, NXPI, PAYX, CSX, CDW, CERN, CPRT, KLAC, LRCX, TXN, XEL, ADI, AMAT, CTSH, FAST, MAR, MCHP, MU, MXIM, SBUX, VRSK, WBA, ALXN, ASML, BKNG, CTAS, FB, FISV, INCY, INTU, MNST, TCOM, TMUS, AAPL, ISRG, MRNA, WDC, AMGN, CMCSA, ROST, ULTA, CHTR, CSCO, MDLZ, ORLY, PEP, AVGO, CDNS, COST, JD, MELI, MSFT, BMRN, LBTYA, ADSK, DLTR, KHC, PCAR, WDAY, AMD, FOXA, GILD,
 
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 3
AMD, FOXA, GILD,
 
Moving Below 30 DMA = 1
SNPS,
 
 
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