Monday, February 8, 2021

IWM, SPY, QQQ, DIA Make New All-time Highs...Oil Hits 52-week High as XLE +4.18% Leads All Sectors...

 
© 2021
 
 
 
Ten of eleven sectors were higher on Monday, led by XLE, XLF and XLK. 
 
Energy leaders: MRO, OXY, APA, FANG
Financial leaders: RF, MET, LNC, BEN
Technology leaders: NVDA, AMAT, PYPL, KLAC
 
SPY up 2.80 at 390.51 on 3836 million shares, below average volume, up on lower volume.
VIX up .31 at 20.87
 
DIS, CVX, CAT, GS led the DJIA, 23 advancers, +2
MRO, OXY, APA, GCI led the SPX, 319 advancers.
NVDA, AMAT, MRNA, ILMN led the NDX, 65 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, DIA, SPY, QQQ,
Down:
 
Advancers strengthened on Monday as advancers led 2,355 to 862 on the NYSE and led 3,131 to 880 on the NASDAQ.
 
The SPY MFC green line is pointed up at 92.3 and is bullish.  Price action is a horizontal breakout to a new high.
 
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
 
65 of 100 NDX stocks closed higher on Monday.
 
75 NDX stocks are above their 30 DMA:   AMAT, ASML, AVGO, TSLA, BIDU, ILMN, SWKS, NTES, INTC, PDD, KLAC, EBAY, GILD, WBA, BIIB, PCAR, CTAS, GOOGL, MSFT, MRNA, WDC, DXCM, MELI, MU, NFLX, ATVI, AAPL, AEP, ALGN, AMZN, ANSS, CDNS, CDW, CSCO, JD, NVDA, NXPI, OKTA, PYPL, SNPS, TEAM, TXN, WDAY, ZM, ADBE, CMCSA, FB, EXC, INTU, MNST, FISV, ROST, CTAS, DOCU, IDXX, MCHP, MTCH, PAYX, SBUX, ADSK, CPRT, FOXA, KHC, MAR, SGEN, TCOM, ADI, ADP, AMD, EA, INCY, LRCX, MRVL, MXIM, XLNX,
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 9
ADI, ADP, AMD, EA, INCY, LRCX, MRVL, MXIM, XLNX,
 
Moving Below 30 DMA = 1
CERN,
 
 
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