© 2021
2021 starts with the SPX, DJI and NDX making new all-time intra-day highs before rolling over in a 1%+ pullback a day before the GA Senate runoff election on Tuesday.
NDX -193.62, -1.50%, on Monday a breakout test pullback on Monday.
SPX -55.42, -1.48%, closed at 3,700, a breakout test on the first day of 2021.
TSLA rose +3.42%, on Monday and is a breakout continuation and new all-time closing high.
One of eleven sectors was higher on Monday, led by XLE, XLV and XLY.
Energy leaders: FTI, APA, SWN, MRO,
SPY down 5.09 at 368.79 on 110.2 million shares, above average volume, down on higher volume.
WBA, WMT, GS, CVX led the DJIA, 6 advancers, -19
The two-year trend term is up. The one-year trend is up.
Up:
Advancers weakened on Monday as decliners led 2,255 to 909 on the NYSE and led 2,234 to 1,568 on the NASDAQ
The SPY MFC green line is turned down at 88 and is counter-trend defensive. Price action is a breakout test pullback.
Uptrend sectors: XLU, XLB, XLI, XLY, XLP, XLV, XLF, XLC, XLK, XLE,
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
21 of 100 NDX stocks closed higher on Monday.
65 NDX stocks are above their 30 DMA: ALGN, TXN, ADI, AMAT, MU, MXIM, SBUX, ASML, INTU, MNST, TMUS, ROST, CSCO, AVGO, MELI, ADSK, KHC, TSLA, PYPL, VRTX, AAPL, ANSS, ATVI, BIDU, CDNS, EA, GILD, ILMN, ISRG, SNPS, VRSN, NFLX, CHKP, CERN, DXCM, IDXX, CPRT, ALXN, AMZN, INCY, QCOM, SWKS, MSFT, ORLY, NTES, VRSK, MRVL, MTCH, PTON, TEAM, BKNG, MDLZ, FOXA, AMGN, COST, INTC, JD, PDD, AMD, KLAC, NXPI, WDC, EBAY, GILD, LRCX, WBA,
NDX Stocks to Watch on Tuesday:
Moving Below 30 DMA = 17
ADBE, ADP, AEP, CHTR, CMCSA, CSX, CTSH, EXC, FAST, FOXA, MAR, MCHP, OKTA, PEP, QCOM, WDAY, XEL,
Add Comments here:
No comments:
Post a Comment