Monday, December 21, 2020

DJI Gains as SPX, NDX, RUT Close Lower after Gap Down Open...TSLA Added to SPX...

 
© 2020
 
 
NDX -47.92, -0.38%, opened lower on a breakout test and then rallied on a re-breakout. 
 
SPX -13.07, -0.35%, closed at 3,694, opened lower and sold off to its Nov 9 horizontal breakout test and re-broke out and formed a hammer candle.
 
TSLA fell -6.49% after joining the SPX before the open today.
 
AEP, MRVL MTCH, OKTA, PTON, TEAM joined the NDX before the open this morning and BMRN, CTXS, EXPE, LBTYA, LBTYK, TTWO, ULTA were removed.
 
Two of eleven sectors were higher on Monday, led by XLF, XLK and XLB. 
 
Financial leaders: GS, MS, COF, JPM
Technology leaders: GPN, MSFT, PAYC, AAPL
Basic Materials leaders: ALB, FCX, BLL, PPG
 
SPY down 1.32 at 367.86 on 96.3 million shares, above average volume, down on higher volume.
VIX up 3.59 at 25.16
 
GS, NKE, JPM, MSFT led the DJIA, 8 advancers, -4
MS, COF, BAC, C led the SPX, 119 advancers
SPLK, CHKP, DOCU, AAPL led the NDX, 23 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up: DIA,
Down: IWM, SPY, QQQ,
 
Advancers weakened on Monday as decliners led 2,017 to 1,170 on the NYSE and led 2,121 to 1,657 on the NASDAQ
 
The SPY MFC green line turned down at 89.1 and is counter-trend defensive.  Price action is a two-day pullback to a similar low.
 
Uptrend sectors XLU, XLB, XLI, XLY, XLP, XLV, XLF, XLC, XLK, XLE,
Neutral sectors:  XLRE,
Down trend sectors:
 
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 TrendDown
 
23 of 100 NDX stocks closed higher on Monday.
 
78 NDX stocks are above their 30 DMA:   ADP, XLNX, ALGN, PDD, NXPI, KLAC, LRCX, TXN, ADI, AMAT, CTSH, FAST, MAR, MCHP, MU, MXIM, SBUX, WBA, ASML, INTU, MNST, TMUS, MRNA, WDC, CMCSA, ROST, CSCO, PEP, AVGO, MELI, ADSK, KHC, AMD, TSLA, DLTR, PYPL, VRTX, AAPL, ADBE, ANSS, ATVI, BIDU, CDNS, EA, GILD, ILMN, ISRG, SNPS, VRSN, NFLX, DOCU, CHKP, SGEN, CERN, DXCM, IDXX, CPRT, ALXN, AMZN, EBAY, INCY, LULU, PAYX, SWKS, MSFT, ORLY, WDAY, CHTR, NTES, VRSK, BIIB, NVDA, new symbols added = MRVL, MTCH, OKTA, PTON, TEAM,
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 1
NVDA, new symbols added = MRVL, MTCH, OKTA, PTON, TEAM,
 
Moving Below 30 DMA = 7
BKNG, CDW, CSX, EXC, FISV, MDLZ, TCOM,
 
 
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2 comments:

Ben W. said...

Thank you, Dave! Appreciate your work in helping us to be better traders!

TraderBobb said...

Thanks Dave:
Appreciate all you do.