Monday, March 22, 2021

NDX, SPX, DJI Rise as Small Cap RUT Falls on Monday...

 
© 2021
 
The DJI +103.23, +0.32%, closed at 32,731.  MSFT, AMGN, AAPL and CRM were the largest point gainers on Monday.
 
NDX +219.53, +1.71%, was a channel bounce on Monday.
SPX +27.49, +0.80%, closed at 3,940, a bull flag bounce.
 
TSLA +2.31%, gapped up and closed above Friday’s hammer.
 
Seven of eleven sectors were higher on Monday, led XLK, XLRE and XLP.
 
Technology leaders: KLAC, ENPH, AMAT, ANSS
Real Estate leaders: PLD, SBAC, DLR, IRM
Consumer Staples leaders: K, GIS, KR, MO
 
SPY up 3.11 at 392.59, on 73.7 million shares, just below average volume, up on lower volume.
VIX down 2.07 at 18.88
 
INTC, AAPL, CSCO, MSFT led the DJIA, 20 advancers, +11
KSU, ENPH, BLL, CTLT led the SPX, 279 advancers.
ASML, SPLK, DXCM, KLAC led the NDX, 88 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, SPY, DIA,
Down: IWM,
 
Advancers weakened on Monday as decliners led 1,822 to 1,449 on the NYSE and led 2,336 to 1,812 on the NASDAQ.
 
The SPY MFC green line is pointed down and fell 4.1 to 82 and is counter-trend defensive.  Price action is a bull flag bounce.
 
 
Uptrend sectorsXLC, 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 TrendDown
 
88 of 100 NDX stocks closed higher on Monday.
 
48 NDX stocks are above their 30 DMA:   WDC, CDW, CMCSA, KHC, MAR, TCOM, FOXA, FISV, ADP, SBUX, ORLY, CSCO, INTC, PAYX, TMUS, AEP, ROST, XEL, AMAT, EXC, FB, MDLZ, CHTR, CTSH, WBA, MU, NXPI, SIRI, TXN, FAST, AMGN, CHKP, REGN, AVGO, DLTR, EBAY, GILD, PEP, VRTX, ADI, ALXN, ASML, BIIB, CSX, INCY, LRCX, MCHP, MNST,
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 9
ADI, ALXN, ASML, BIIB, CSX, INCY, LRCX, MCHP, MNST,
 
Moving Below 30 DMA = 0
 
 
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1 comment:

Ben W. said...

Thank you, Dave. Which Jerome will we get today? Only the Lord knows.