© 2021
Stocks reversed Friday’s broad decline with a broad rally on Monday.
Earning’s season continues this week with reports from BABA, PFE XOM, UPS and SIRI before the open Tuesday. AMZN, GOOL, AMGN, EA and MTCH report after the close tomorrow.
NDX 323.53, +2.50%, rallied more that it sold off on Friday. SPX +59.62, +1.61%, closed at 3,773, closing back above Wednesday’s low support.
AAPL, FB and TSLA rallied on Monday after reporting earnings last week and falling for three straight days. TSLA rallied +5.83%.
All eleven sectors were higher on Monday, led by XLY, XLK and XLRE.
Consumer Discretionary leaders: TSLA, AMZN, APTV, AZO
Technology leaders: SWKS, XRX, QRVO, CDW
SPY up 6.16 at 376.23 on 75.8 million shares, above average volume, up on lower volume.
VIX down 2.85 at 30.24
MSFT, V, INTC, CSCO led the DJIA, 23 advancers, +22
The two-year trend term is up. The one-year trend is up.
Up: QQQ, IWM, SPY, DIA,
Advancers strengthened on Monday as advancers led 2,524 to 702 on the NYSE and led 3,026 to 913 on the NASDAQ.
The SPY MFC green line is pointed down at 60.4 and is defensive, there was a break above Wednesday’s low support, now resistance. Price action is a short-term breakout of resistance.
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 sideways.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Sideways
82 of 100 NDX stocks closed higher on Monday.
57 NDX stocks are above their 30 DMA: AMAT, ASML, AVGO, TSLA, BIDU, ILMN, CERN, SWKS, NTES, MRVL, AMGN, INTC, PDD, KLAC, EBAY, GILD, WBA, BIIB, FOXA, PCAR, CTAS, EA, GOOGL, MSFT, MRNA, SIRI, WDC, DXCM, MELI, MU, NFLX, QCOM, ATVI, AAPL, ADI, AEP, ALGN, AMZN, ANSS, CDNS, CDW, CHKP, CSCO, IDXX, INCY, JD, NVDA, NXPI, OKTA, PYPL, REGN, SNPS, SPLK, TEAM, TXN, WDAY, ZM,
NDX Stocks to Watch on Tuesday:
Moving Below 30 DMA = 0
Add Comments here:
Stocks reversed Friday’s broad decline with a broad rally on Monday.
Earning’s season continues this week with reports from BABA, PFE XOM, UPS and SIRI before the open Tuesday. AMZN, GOOL, AMGN, EA and MTCH report after the close tomorrow.
NDX 323.53, +2.50%, rallied more that it sold off on Friday. SPX +59.62, +1.61%, closed at 3,773, closing back above Wednesday’s low support.
AAPL, FB and TSLA rallied on Monday after reporting earnings last week and falling for three straight days. TSLA rallied +5.83%.
All eleven sectors were higher on Monday, led by XLY, XLK and XLRE.
Consumer Discretionary leaders: TSLA, AMZN, APTV, AZO
Technology leaders: SWKS, XRX, QRVO, CDW
SPY up 6.16 at 376.23 on 75.8 million shares, above average volume, up on lower volume.
VIX down 2.85 at 30.24
MSFT, V, INTC, CSCO led the DJIA, 23 advancers, +22
The two-year trend term is up. The one-year trend is up.
Up: QQQ, IWM, SPY, DIA,
Advancers strengthened on Monday as advancers led 2,524 to 702 on the NYSE and led 3,026 to 913 on the NASDAQ.
The SPY MFC green line is pointed down at 60.4 and is defensive, there was a break above Wednesday’s low support, now resistance. Price action is a short-term breakout of resistance.
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 sideways.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Sideways
82 of 100 NDX stocks closed higher on Monday.
57 NDX stocks are above their 30 DMA: AMAT, ASML, AVGO, TSLA, BIDU, ILMN, CERN, SWKS, NTES, MRVL, AMGN, INTC, PDD, KLAC, EBAY, GILD, WBA, BIIB, FOXA, PCAR, CTAS, EA, GOOGL, MSFT, MRNA, SIRI, WDC, DXCM, MELI, MU, NFLX, QCOM, ATVI, AAPL, ADI, AEP, ALGN, AMZN, ANSS, CDNS, CDW, CHKP, CSCO, IDXX, INCY, JD, NVDA, NXPI, OKTA, PYPL, REGN, SNPS, SPLK, TEAM, TXN, WDAY, ZM,
NDX Stocks to Watch on Tuesday:
Moving Below 30 DMA = 0
Add Comments here:
No comments:
Post a Comment