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The DJI +306 made an all-time intraday high, but closed shy of its
all-time closing high on February 24.
The SPX moved higher and pulled back creating a pause day after
its reversal bounce on Friday. Weakness
in big tech stocks AAPL, GOOGL, TSLA, MSFT, FB and AMZN led the
NDX lower as volatility and TNX rose.
NDX -369.43 -2.92%, large red candle, 3-month closing
low > Friday’s intraday low .
SPX -20.59, -0.54%, closed
at 3,821, a pause day near Friday’s reversal
day S1 level.
TSLA -5.84%, a
three-month closing low.
Eight
of eleven
sectors were higher on Monday, led XLU,
XLB and XLF.
Utilities leaders: NRG,
SRE, D, LNT
Basic Materials leaders: NUE,
WRK, AVY, SEE
Financial leaders: CFG, FRC, WFC, ZION
SPY down 1.91 at 381.72 on 122.9 million shares, above average volume, down on lower volume.
VIX up .81 at 25.47
DIS, CSCO, WBA, V led the DJIA, 25 advancers, -3
VIAC, HBI, UAL, GPS led the SPX, 337 advancers.
ROST, DLTR, EXC, MAR led the NDX, 27 advancers.
The two-year trend term is up. The one-year trend is up.
Up: DIA, IWM,
Down: SPY, QQQ,
Advancers weakened on Monday as advancers led 1,990 to 1,278 on the NYSE and decliners
led 2,086 to 2,013 on the NASDAQ.
The SPY MFC green line
turned down at 53.0 and is defensive. Price action is a pause day in a bull flag
setup.
.
Uptrend sectors: XLF, XLE, XLI, XLC, XLB, XLK, XLY,
XLV,
Neutral sectors: XLRE, XLU, XLP,
Down trend sectors:
The 6-month intermediate trend is up. The
ten-day trend is down a little.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Sideways
27 of 100 NDX stocks
closed higher on Monday.
22 NDX stocks are above their 30 DMA: WDC, CDW, CMCSA, KHC, MAR, TCOM, BKNG, FOXA,
FISV, ADP, SBUX, ORLY, CSCO, CSX, CTAS, INTC, PAYX, TMUS, AEP, DLTR, ROST,
XEL,
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 4
AEP, DLTR, ROST, XEL,
Moving Below 30 DMA = 6
AMAT, CHTR, GOOGL, MDLZ,
MU, NXPI,
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1 comment:
Thank you, Dave!
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