Monday, April 5, 2021

SPX, DJI All-time Closing High...Consumer Discretionary, Communication Services, Technology Lead Sectors...GOOGL, FB, MSFT Make All-time Highs...

 
© 2021
 
 
The DJI +373.98, +1.13%, closed at 33,527, a new all-time closing high.  HD, MSFT, BA and WMT were the largest point gainers on Monday.
 
GOOGL, FB, MSFT  also close at new all-time highs.
 
NDX +268.65, +2.02%, was a channel bounce continuation.
SPX +58.04, +1.44%, ended at 4,077, closing above 4,000 at a new all-time high.
 
TSLA +4.43%, gapped up, and pulled back from short-term resistance.
 
Ten of eleven sectors were higher on Monday, led by XLY, XLC and XLK.
 
Consumer Discretionary leaders: NCLH, GM, MGM, CCL
Communication Services leaders: GOOGL, FB, TMUS, EA
Technology leaders: TRMB, GLW, LRCX, ORCL
 
SPY up 5.75 at 406.36, on 91.6 million shares, just below average volume, up on lower volume.
VIX up .58 at 17.91
 
WBA, INTC, WMT, MSFT led the DJIA, 25 advancers, +6
NCLH, GM, MGM, FCX led the SPX, 404 advancers.
TSLA, GOOGL, WBA, FB led the NDX, 84 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, SPY, DIA, IWM,
Down:
 
Advancers weakened on Monday as advancers led 2,086 to 1,239 on the NYSE and led 2,546 to 1,694 on the NASDAQ.
 
The SPY MFC green line is pointed up and rose 1.3 to 93.9 and is bullish.  Price action is an all-time new high.
 
 
Uptrend sectorsXLP, 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 up.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market TrendUp
 
84 of 100 NDX stocks closed higher on Monday.
 
79 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, MRVL, ADI, ADSK, ALGN, ANSS, CDNS, CTAS, GOOGL, ISRG, MCHP, MSFT, MXIM, NVDA, SNPS, AAPL, AMD, AMZN, ATVI, AVGO, CPRT, FISV, INTU, MU, NFLX, QCOM, WDAY, WDC, XLNX, CHKP, DXCM, MAR, PYPL, SPLK, TSLA, VRTX,
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 7
CHKP, DXCM, MAR, PYPL, SPLK, TSLA, VRTX,
 
Moving Below 30 DMA = 0
 
 

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