Monday, April 19, 2021

NDX, SPX, DJI Pause and Pull back after All-time High on Friday...


© 2021
 
 
The DJI -123.04, -0.36%, closing at 34,077.  BA, MSFT, NKE and TRV were the largest point decliners on Monday.
 
NDX -134.24, -0.96%, closes at 13,907.
SPX -22.21, -0.53%, ended at 4,163.
 
TSLA -3.40%, a BO test bull flag formed a hammer on Monday.
 
SPY = one-day pullback after an all-time closing high on Friday at 417.26.
DIA = one-day pullback forms hammer following all-time closing high on Friday at 341.86.
QQQ = a BO test after an all-time closing high on Friday at 342.01.
IWM = a pullback to support in a sideways channel.
 
 
Two of eleven sectors were higher on Monday, led by XLRE, XLV and XLE.
 
Real Estate leaders: PSA, EQIX, DLR, IRM
Healthcare leaders: ILMN, ALXN, ANTM, PKI
Energy leaders: APA, EOG, MRO, SLB
 
SPY down 2.05 at 415.21, on 78.4 million shares, just below average volume, down on lower volume. 
VIX up 1.04 at 17.29
 
WBA, KO, AAPL, CVX led the DJIA, 12 advancers, -12
PPG, SHW, WFC, DHI led the SPX, 169 advancers.
NFLX, TCOM, ILMN, ALXN led the NDX, 20 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up:
Down: DIA, SPY, QQQ, IWM,
 
Advancers weakened on Monday as decliners led 2,193 to 1,096 on the NYSE and led 3,075 to 1,157 on the NASDAQ.
 
The SPY MFC green line is pointed down at 96.8 and is counter-trend defensiveSPY pulled back on Monday from an all-time high. 
 
 
Uptrend sectorsXLP, XLI, XLY, XLK, XLB, XLRE, XLC, XLF, XLU, XLV, XLE,
Neutral sectors: 
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
 
20 of 100 NDX stocks closed higher on Monday.
 
80 NDX stocks are above their 30 DMA:   KHC, ADP, ORLY, CSCO, AEP, XEL, AMAT, EXC, FB, MDLZ, CTSH, WBA, SIRI, TXN, FAST, AMGN, DLTR, PEP, CSX, MNST, COST, ASML, CERN, CDW, SBUX, ADBE, BKNG, EBAY, GILD, KLAC, LRCX, REGN, ROST, SWKS, VRSK, VRSN, EA, TMUS, ADI, ADSK, ALGN, ANSS, CDNS, GOOGL, ISRG, MCHP, MSFT, MXIM, NVDA, SNPS, AAPL, AMZN, ATVI, CPRT, FISV, INTU, NFLX, QCOM, WDAY, CHKP, DXCM, PYPL, TSLA, MELI, ALXN, DOCU, IDXX, LULU, OKTA, MRNA, TEAM, INCY, VRTX, AMD, BIIB, CHTR, XLNX, NTES, ILMN, MTCH,
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 2
ILMN, MTCH,
 
Moving Below 30 DMA = 11
AVGO, CTAS, INTC, MRVL, MU, NXPI, PAYX, PCAR, PTON, SGEN, ZM,   
 
 
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