Monday, March 15, 2021

DJI 32,953, SPX, RUT New All-time Closing Highs...MCD Leads DJI...UAL, AAL, GE Lead SPX Gainers...

 
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The DJI +174.82, +0.53% closed at 32,953 a new all-time closing high.  MCD, AMGN, HD and MMM led the point gain the DJI on Monday.
 
NDX +145.25, +1.12%, resumed its channel bounce on Monday.
SPX +25.60, +0.65%, closed at 3,968, an all-time closing high.
 
TSLA +2.05%, resumed its channel bounce on Monday and closed at a 10-day high.
 
Nine of eleven sectors were higher on Monday, led XLY, XLRE and XLU. 
 
Consumer Discretionary leaders: LVS, MGM, RCL GPS
Real Estate leaders: HST, SPG, MAA, EQR
Utilities: NRG, LNT, DTE, CNP
 
SPY up 2.35 at 396.41 on 73.5 million shares, below average volume, up on higher volume.
VIX down .66 at 20.03
 
MCD, WBA, NKE, MMM led the DJIA, 19 advancers, -3
UAL, AAL, GE, LVS led the SPX, 366 advancers.
NXPI, MRNA, DOCU, AVGO led the NDX, 87 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, SPY, DIA, IWM,
Down:  
 
Advancers strengthened on Monday as advancers led 2,055 to 1,242 on the NYSE and led 2,364 to 1,777 on the NASDAQ.
 
The SPY MFC green line is pointed up, rose 9.1 to 88.1 and is bullish.  Price action is a horizontal breakout and a new all-time high.
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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 up.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market TrendUp
 
87 of 100 NDX stocks closed higher on Monday.
 
42 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, AMAT, EXC, FB, MDLZ, PCAR, CHTR, CTSH, WBA, INTU, MU, NXPI, SIRI, TXN, VRTX, FAST, AMGN, AVGO, CHKP, MNST, REGN,
 
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 5
AMGN, AVGO, CHKP, MNST, REGN,
 
Moving Below 30 DMA = 1
GOOGL,
 
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