Monday, December 7, 2020

QQQ, IWM Make New All-time Closing High as SPY Closes Near Friday's S-1 Level...

 
© 2020
 
NDX +67.99, +0.54%, and for the fifth day in a row made a new all-time closing high. 
 
SPX -7.16, -0.26%, closed at 3,691, a pullback near Friday’s S-1 level. 
 
Three of eleven sectors were higher on Monday, led by XLC, XLU and XLK. 
 
Communication Services leaders: NFLX, FB, ATVI, EA
Utilities leaders: FE, CMS, AEE, ES
Technology leaders: TYL, NLOK, AVGO, SWKS
 
SPY down 0.76 at 369.09 on 48.9 million shares, below average volume, down on lower volume.
VIX up .51 at 21.30
 
BA, AAPL, NKE CRM led the DJIA, 6 advancers, -18
MKTX, LB, AAL, TYL led the SPX, 172 advancers
TSLA, MRNA, NFLX, SIRI led the NDX, 46 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, IWM,
Down: SPY, DIA,
 
Advancers weakened on Monday as decliners led 1,822 to 1,316 on the NYSE and led 1,934 to 1,758 on the NASDAQ
 
The SPY MFC green line is pointed up at 97.8 and is bullish.  Price action is a pause near S-1 of Friday’s large white candle.
 
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 TrendUp
 
46 of 100 NDX stocks closed higher on Monday.
 
85 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, WBA, ASML, BKNG, CTAS, FISV, INTU, MNST, TCOM, TMUS, MRNA, WDC, CMCSA, ROST, ULTA, CHTR, CSCO, MDLZ, PEP, AVGO, COST, MELI, LBTYA, ADSK, KHC, AMD, FOXA, LULU, TSLA, DLTR, TTWO, BMRN, PYPL, FB, MSFT, AMZN, EBAY, VRTX, AAPL, ADBE, ANSS, ATVI, BIDU, CDNS, CTXS, EA, GILD, ILMN, INTC, ISRG, SNPS, VRSN, WDAY, NFLX, NVDA, SWKS, AMGN, DOCU, CHKP, SGEN, CDW, NTES,
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 1
NTES,  
 
Moving Below 30 DMA = 4
CERN, DXCM, ORLY, VRSK, 
 
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