©
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 Trend: Down
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:
Thank you, Dave! Appreciate your work in helping us to be better traders!
Thanks Dave:
Appreciate all you do.
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