©
2020
NDX +86.80,
+0.70, bounced after a three-day bull flag setup.
SPX -15.97, +0.44, closed
at 3,647, a four-day bull flag setup.
Two of
eleven
sectors were higher on Monday, led by XLK,
XLY and XLC.
Technology leaders: XLNX,
VNT, AMD, GLW
Consumer Discretionary leaders: EFX,
UPS, CPRT, HII
Communication Services leaders: NFLX, ATVI, TTWO,
LUMN
SPY down 1.64 at 364.66 on 69.2 million shares, average volume, down on higher volume.
VIX up 1.41 at 24.72
MCD, INTC, AMGN, V led the DJIA, 6 advancers, -2
ROL, NFLX, XLNX, ABMD led the SPX, 135 advancers
ALXN, INCY, TSLA, REGN led the NDX, 68 advancers
The two-year trend term is up. The one-year trend is up.
Up: QQQ,
Down: IWM, SPY, DIA,
Advancers were mixed on Monday as decliners led 1,929 to 1,217 on the NYSE and led
1,906 to 1,817 on the NASDAQ
The SPY MFC green line
is pointed down at 91.6 and is counter-trend
defensive. Price action is a four-day
pullback, bull flag.
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 a little
52 of 100 NDX stocks
closed higher on Monday.
80 NDX stocks are above their 30 DMA: ADP, XLNX, SIRI, ALGN, PDD, EXPE, NXPI, KLAC,
LRCX, TXN, ADI, AMAT, CTSH, FAST, MAR, MCHP, MU, MXIM, SBUX, WBA, ASML, BKNG,
FISV, INTU, MNST, TMUS, MRNA, WDC, CMCSA, ROST, ULTA, CHTR, CSCO, PEP,
AVGO, COST, MELI, LBTYA, ADSK, KHC, AMD, FOXA, TSLA, DLTR, TTWO, PYPL, VRTX,
AAPL, ADBE, ANSS, ATVI, BIDU, CDNS, CTXS, EA, GILD, ILMN, INTC, ISRG, SNPS,
VRSN, NFLX, DOCU, CHKP, SGEN, CERN, BMRN, DXCM, IDXX, CPRT, ALXN, AMGN, AMZN,
EBAY, INCY, LULU, MSFT, QCOM, TCOM, WDAY,
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 10
ALXN, AMGN, AMZN, EBAY,
INCY, LULU, MSFT, QCOM, TCOM, WDAY,
Moving Below 30 DMA = 4
CSX, GOOGL, MDLZ, PAYX,
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