SPX, DJI, NDX and RUT End March with Highest Monthly Close...Technology Leads Sectors...

 
© 2021
 
Reminder:  Options expiration is tomorrow, Thursday, April 1 this week.  Markets are closed April 2 in observance of Good Friday.
 
 
The SPX, DJI, NDX and RUT each ended March with their highest monthly close ever.
 
 
The DJI -85.41, -0.26%, finished lower at 32,981.  GS, TRV, JPM and MMM were the largest point decliners on Wednesday.
 
NDX +194.91, +1.51%, was a channel bounce.
SPX +14.34, +0.36%, ended at 3,972, a horizontal resistance BO setup.
 
TSLA +5.08%, opened higher, closed higher, bullish engulfing candle and channel bounce continuation.
 
Five of eleven sectors were higher on Wednesday, led by XLK, XLY and XLU.
 
Technology leaders: ENPH, AMAT, TER, CDNS
Consumer Discretionary leaders: PVH, TSLA, RL, UAA
Utilities leaders: AWK, NEE, NRG, SO
 
SPY up 1.60 at 396.33, on 112.7 million shares, above average volume, up on higher volume.
VIX down .21 at 19.40
 
WBA, AAPL, MSFT, BA led the DJIA, 9 advancers, -1
ENPH, PVH, TER, CDNS led the SPX, 215 advancers.
MRNA, AMAT, TSLA, PTON led the NDX, 73 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, IWM, SPY,
Down: DIA,
 
Advancers were mixed on Wednesday as advancers led 1,817 to 1,505 on the NYSE and led 2,678 to 1,515 on the NASDAQ.
 
The SPY MFC green line turned up and rose 6.7 to 86.2 and is bullish.  Price action is a resistance breakout setup.
 
 
Uptrend sectors:  XLP, XLI, XLB, XLRE, XLV, XLC, XLF, XLE, XLY,
Neutral sectors:  XLK, XLU,
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
 
73 of 100 NDX stocks closed higher on Wednesday.
 
60 NDX stocks are above their 30 DMA:   KHC, ADP, ORLY, CSCO, PAYX, AEP, XEL, AMAT, EXC, FB, MDLZ, CTSH, WBA, SIRI, TXN, FAST, AMGN, DLTR, PEP, CSX, MNST, COST, ASML, CERN, BIIB, CDW, NXPI, SBUX, ADBE, ALXN, BKNG, EBAY, GILD, INCY, INTC, KLAC, LRCX, REGN, ROST, SWKS, VRSK, VRSN, EA, TMUS, MAR, MRVL, ADI, ADSK, ALGN, ANSS, CDNS, CTAS, GOOGL, ISRG, MCHP, MSFT, MXIM, NVDA, SNPS, VRTX,
 
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 14
ADI, ADSK, ALGN, ANSS, CDNS, CTAS, GOOGL, ISRG, MCHP, MSFT, MXIM, NVDA, SNPS, VRTX,
 
Moving Below 30 DMA = 3
CHTR, FISV, LULU,
 
 
Add Comments here:

Small Cap RUT Bounces as DJI, SPX, NDX Pause...Consumer Discretionary Leads as Consumer Staples Lag...

 
© 2021
 
Reminder:  Options expiration is Thursday, April 1 this week.  Markets are closed April 2 in observance of Good Friday.
 
 
The DJI -104.51, -0.31%, finished at 33,066.  UNH, AMGN, MSFT and V were the largest point decliners on Tuesday.
 
NDX -69.21, -0.53%, was a channel bounce pause.
SPX -12.54, -0.32%, ended at 3,958, a bull flag price bounce pause and a horizontal resistance BO setup.
 
TSLA +3.98%, opened lower, closed higher, bullish engulfing candle and channel bounce pattern.
 
Three of eleven sectors were higher on Tuesday, led by XLY, XLF and XLI.
 
Consumer Discretionary leaders: CZR, LB, PENN, GPS, GM
Financial leaders: CMA, SIVB, ZION, CFG
Industrials leaders: AAL, GNRC, PWR, ALK
 
SPY down 1.05 at 394.73, on 76.2 million shares, below average volume, down on lower volume.
VIX down 1.13 at 19.61
 
GS, CAT, JPM, DOW led the DJIA, 10 advancers, -9
GCI, ENPH, CZR, DISCA led the SPX, 241 advancers.
BIDU, TSLA, TCOM, PDD led the NDX, 32 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM,
Down: DIA, SPY, QQQ,
 
Advancers strengthened on Tuesday as advancers led 2,068 to 1,237 on the NYSE and led 2,466 to 1,722 on the NASDAQ.
 
The SPY MFC green line turned up and rose 3.9 to 79.5 and is bullish.  Price action is a bull flag bounce pause.
 
 
Uptrend sectors:  XLP, XLI, XLB, XLRE, XLV, XLC, XLF, XLE, XLY,
Neutral sectors:  XLK, XLU,
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: Up
 
32 of 100 NDX stocks closed higher on Tuesday.
 
49 NDX stocks are above their 30 DMA:   KHC, FISV, ADP, ORLY, CSCO, PAYX, AEP, XEL, AMAT, EXC, FB, MDLZ, CHTR, CTSH, WBA, SIRI, TXN, FAST, AMGN, DLTR, PEP, CSX, MNST, COST, ASML, CERN, BIIB, CDW, NXPI, SBUX, ADBE, ALXN, BKNG, EBAY, GILD, INCY, INTC, KLAC, LRCX, LULU, REGN, ROST, SWKS, VRSK, VRSN, EA, TMUS, MAR, MRVL,
 
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 2
MAR, MRVL,
 
Moving Below 30 DMA = 9
ADI, ANSS, AVGO, CDNS, CHKP, CMCSA, CTAS, MSFT, VRTX,
 
 
Add Comments here:

BA Leads DJI to New All-time High 33,171...NDX, SPX Pause as RUT Falls...

 
© 2021


The DJI +98.49, +0.30%, finished at 33,171.37, a new all-time closing high.  BA, UNH, MCD and PG were the largest point gainers on Monday.
 
NDX -13.38, -0.10%, was a channel bounce pause.
SPX -3.45, -0.09%, ended at 3,971, a bull flag price bounce pause and a horizontal resistance BO setup.
 
TSLA -1.20%, opened and closed lower above Friday’s low.
 
Five of eleven sectors were higher on Monday, led by XLC, XLP and XLU.
 
Communication Services leaders: FB, TWTR, ATVI, EA
Consumer Staples leaders: TAP, CLX, GIS, CPB
Utilities leaders: CNP, FE, WEC, DUK
 
SPY down .20 at 395.78, on 108.1 million shares, average volume, down on slightly lower volume.
VIX up 1.88 at 20.74
 
BA, WBA, PG, KO led the DJIA, 19 advancers, -8
CNP, CARR, TAP, TWTR led the SPX, 205 advancers.
FB, TCOM, KHC, ATVI led the NDX, 41 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: DIA,
Down: QQQ, SPY, IWM,
 
Advancers weakened on Monday as decliners led 2,229 to 1,094 on the NYSE and led 3,207 to 1,004 on the NASDAQ.
 
The SPY MFC green line turned up and rose 2.3 to 75.6 and is bullish.  Price action is a bull flag bounce pause.
 
 
Uptrend sectors:  XLP, XLI, XLB, XLRE, XLV, XLC, XLF, XLE, XLY,
Neutral sectors:  XLK, XLU,
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: Up
 
41 of 100 NDX stocks closed higher on Monday.
 
56 NDX stocks are above their 30 DMA:   CMCSA, KHC, FISV, ADP, ORLY, CSCO, PAYX, AEP, XEL, AMAT, EXC, FB, MDLZ, CHTR, CTSH, WBA, SIRI, TXN, FAST, AMGN, DLTR, PEP, CSX, MNST, COST, ASML, CERN, BIIB, CDW, NXPI, SBUX, ADBE, ADI, ALXN, ANSS, AVGO, BKNG, CHKP, CTAS, EBAY, GILD, INCY, INTC, KLAC, LRCX, LULU, MSFT, REGN, ROST, SWKS, VRSK, VRSN, VRTX, CDNS, EA, TMUS,
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 3
CDNS, EA, TMUS,
 
Moving Below 30 DMA = 3
MAR, MCHP, MXIM,
 
 
 
Add Comments here:

If You Celebrate Easter...

A Palm Sunday Easter Message from Russell M. Nelson that you might enjoy.

 

Click here:  https://www.youtube.com/watch?v=bACX8BXHuEs

 

Four-day trading week with the Good Friday Holiday on Friday.

 

Late Rally Lifts DJI, 33,072 & SPX, 3,974 to New Closing Highs...Technology Sectors Leads Broad Rally...

© 2021
 
 
The DJI +453.40, +1.39%, finished at 33,072.88, a new all-time closing high.  HD, AMGN, V and UNH were the largest point gainers on Friday.
 
NDX +198.61, +1.55%, was a channel bounce trigger.
SPX +65.02, +0.56%, ended at 3,974, a bull flag price bounce and a new all-time closing high.
 
TSLA -3.39%, opened flat, closed lower and is at the area of short-term support.
 
Ten of eleven sectors were higher on Friday, led by XLK, XLB and XLE.
 
Technology leaders: AMAT, KLAC, FTNT, LRCX
Basic Materials leaders: NUE, FCX, APD, WRK
Energy leaders: SWN, MRO, HES, FTI
 
SPY up 6.28 at 395.98, on 114.4 million shares, above average volume, up on similar volume.
VIX down .95 at 18.86
 
INTC, CSCO, NKE, AMGN led the DJIA, 27 advancers, +4
NUE, FTNT, SWN, ANET led the SPX, 452 advancers.
AMAT, ASML, KLAC, LRCX led the NDX, 91 advancers.  Semiconductor stocks were 8 of the top 9 percentage gainers in the NDX on Friday.
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, SPY, QQQ, DIA,
Down:
 
Advancers strengthened on Friday as advancers led 2,566 to 748 on the NYSE and led 2,697 to 1,496 on the NASDAQ.
 
The SPY MFC green line turned up and rose 4.9 to 73 and is bullish.  Price action is a bull flag bounce.
 
 
Uptrend sectors:  XLC, XLI, XLF, XLB, XLRE, XLE, XLY, XLV, XLK,
Neutral sectors:  XLP, XLU,
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: Up
 
91 of 100 NDX stocks closed higher on Friday.
 
56 NDX stocks are above their 30 DMA:   CMCSA, KHC, FISV, ADP, ORLY, CSCO, PAYX, AEP, XEL, AMAT, EXC, FB, MDLZ, CHTR, CTSH, WBA, SIRI, TXN, FAST, AMGN, DLTR, PEP, CSX, MNST, COST, ASML, CERN, BIIB, CDW, MAR, NXPI, SBUX, ADBE, ADI, ALXN, ANSS, AVGO, BKNG, CHKP, CTAS, EBAY, GILD, INCY, INTC, KLAC, LRCX, LULU, MCHP, MSFT,  MXIM, REGN, ROST, SWKS, VRSK, VRSN, VRTX,
 
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 24
ADBE, ADI, ALXN, ANSS, AVGO, BKNG, CHKP, CTAS, EBAY, GILD, INCY, INTC, KLAC, LRCX, LULU, MCHP, MSFT, MXIM, REGN, ROST, SWKS, VRSK, VRSN, VRTX,
 
Moving Below 30 DMA = 2
FOXA, TMUS,
 
 
Add Comments here: 

Lower Open, Higher Close, IWM, DIA, SPY Rise...BA, HD, AXP Lead DJI...

 
© 2021
 
Futures moved lower in pre-market after Powell spoke on an NPR interview this morning.  SPX finds a bottom during first 45 minutes of trading followed by an upside reversal.
 
 
The DJI +199.42, +0.62%, closed at 32,619.  BA, HD, AXP and TRV were the largest point gainers on Thursday.
 
NDX -18.37, -0.14%, is a channel bounce setup.
SPX +20.38, +0.56%, closed at 3,909, forming a piercing line candle in a bull flag price pattern.
 
TSLA +1.61%, opened lower and closed above Friday’s short-term support low and is a channel bounce setup.
 
Nine of eleven sectors were higher on Thursday, led by XLF, XLI and XLB.
 
Financial leaders: CMA, CFG, RF, LNC
Industrials leaders: AAL, UAL, SNA, LUV
Basic Materials leaders: WRK, NUE, CE, IP
 
SPY up 2.18 at 389.70, on 116.1 million shares, above average volume, up on higher volume.
VIX down 1.39 at 19.81
 
BA, AXP, TRV, DOW led the DJIA, 23 advancers, +8
DRI, GCI, SWN, EXPE led the SPX, 400 advancers.
BIIB, ROST, BKNG, PDD led the NDX, 56 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, DIA, SPY,
Down: QQQ,
 
Advancers strengthened on Thursday as advancers led 2,137 to 1,136 on the NYSE and led 2,670 to 1,511 on the NASDAQ.
 
The SPY MFC green line is pointed down and fell 1.3 to 68.1 and is defensive.  Price action is a bull flag setup.
 
 
Uptrend sectors:  XLC, XLI, XLF, XLB, XLRE, XLE, XLY, XLV, XLK,
Neutral sectors:  XLP, XLU,
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
 
56 of 100 NDX stocks closed higher on Thursday.
 
34 NDX stocks are above their 30 DMA:   CMCSA, KHC, FOXA, FISV, ADP, ORLY, CSCO, PAYX, AEP, XEL, AMAT, EXC, FB, MDLZ, CHTR, CTSH, WBA, SIRI, TXN, FAST, AMGN, DLTR, PEP, CSX, MNST, COST, ASML, CERN, BIIB, CDW, MAR, NXPI, SBUX, TMUS,
 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 6
BIIB, CDW, MAR, NXPI, SBUX, TMUS,
 
Moving Below 30 DMA = 3
GILD, VRSK, VRSN,
 
 
Add Comments here: