QQQ, SPY New High as IWM, DIA Pause...AAPL, FB, MSFT, TSLA Lead a Big Week of EPS Reports...

 

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QQQ and SPY made new all-time closing highs while IWM made a new intraday high before closing 21 cents below Friday’s record high close.  AAPL, TSLA, MSFT, and FB lift QQQ on Monday.  More EPS reports this week including AAPL, FB, MSFT and TSLA.

Companies reporting BMO Tuesday include JNJ, AXP, MMM, GE, RTX, LMT FCX, DHI and ALK.
 
NDX +116.89, +0.87%, gap up on Monday to a new all-time closing high.
 
SPX +13.89, +0.36%, closed at 3,855, moved above Friday high to a new high close.
 
TSLA rose +4.03%, did a bull flag bounce and closed at a new all-time high.  Oppenheimer raises price target to $1,036.
 
Seven of eleven sectors were higher on Monday, led by XLU, XLP and XLRE. 
 
Utilities leaders: SRE, ES, AEE, DUK
Consumer Staples leaders: CLX, SJM, HRL, GIS
Real Estate leaders: IRM, VNO, KIM, SPG
 
SPY up 1.51 at 384.39 on 70.2 million shares, above average volume, up on higher volume.
VIX up 1.28 at 23.19
 
AAPL, PG, VZ, MSFT led the DJIA, 15 advancers, +4
IRM, CLX, VIAC, SJM led the SPX, 246 advancers.
MRNA, NTES, FOXA, PDD, TSLA led the NDX, 60 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, SPY,
Down: DIA, IWM
 
Advancers weakened on Monday as decliners led 1,888 to 1,319 on the NYSE and led 2,034 to 1,822 on the NASDAQ.
 
The SPY MFC green line pointed up at 93.3 and is bullish.  Price action is a modest two-day 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: Sideways
 
60 of 100 NDX stocks closed higher on Monday.
 
68 NDX stocks are above their 30 DMA:   TXN, ADI, AMAT, MU, MXIM, ASML, AVGO, TSLA, PYPL, ANSS, ATVI, BIDU, CDNS, ILMN, SNPS, CERN, IDXX, ALXN, SWKS, NTES, MRVL, PTON, AMGN, INTC, JD, PDD, KLAC, NXPI, EBAY, GILD, LRCX, WBA, BIIB, FOXA, MCHP, QCOM, EXC, PCAR, CDW, CTAS, DOCU, INCY, MELI, REGN, SPLK, EA, ZM, GOOGL, INTU, OKTA, VRTX, AAPL, AMZN, DXCM, MSFT, NFLX, NVDA, CHTR, FB, MRNA, AEP, AMD, CHKP, WDAY, ALGN, CSCO, XEL, XLNX,
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 4
ALGN, CSCO, XEL, XLNX,
 
Moving Below 30 DMA = 4
CTSH, SBUX, TCOM, TEAM,
 
 
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