SPX, DJI, NDX Pause on Monday Following All-time Closing Highs on Friday...

 
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The DJI -55.20, -0.16%, closed at 33,745, a pause day following Friday’s all-time high.  INTC, BA, CRM and AAPL were the largest point losers on Monday.
 
NDX -25.70, -0.19%, is a horizontal resistance breakout setup.
SPX -0.81, -0.02%, ended at 4,128, a pause day making an all-time intraday high on Monday.
 
TSLA +3.69%, confirmed Thursday’s bullish harami with a close above the harami.  A channel bounce continuation.
 
SPY = all-time closing high by 15 cents.
DIA = pause day above Friday’s S-1 support.
QQQ = HBO setup, MSFT, ADBE, ALGN, MU, ORLY = new high
IWM = bull flag setup
 
 
Eight of eleven sectors were higher on Monday, led by XLY, XLRE and XLP.
 
Consumer Discretionary leaders: TSLA, VWA, PVH, AAP
Real Estate leaders: SBAC, DLR, PEAK, CCI
Consumer Staples leaders: CAG, BF/B, LW, CPB
 
SPY up .15 at 411.64, on 56.7 million shares, below average volume, up on lower volume.  All-time closing high.
VIX up .22 at 16.91
 
DOW, WBA, NKE HON led the DJIA, 14 advancers, -8
CAG, FTV, UNM, WRK led the SPX, 313 advancers.
NVDA, TSLA, TEAM, PCAR led the NDX, 46 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: SPY,
Down: DIA, QQQ, IWM,
 
Advancers weakened on Monday as decliners led 1,645 to 1,640 on the NYSE and led 2,731 to 1,479 on the NASDAQ.
 
The SPY MFC green line is flat at 98.7 and is bullish.  Be prepared and watch continuing on Tuesday, for a potential counter trend bull flag pullback.  Price action is an all-time new high.
 
 
Uptrend sectors:  XLP, 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 Trend: Up
 
46 of 100 NDX stocks closed higher on Monday.
 
82 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, NXPI, SBUX, ADBE, BKNG, EBAY, GILD, 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, AMZN, ATVI, AVGO, CPRT, FISV, INTU, MU, NFLX, QCOM, WDAY, WDC, CHKP, DXCM, PYPL, TSLA, MELI, PTON, ALXN, DOCU, IDXX, LULU, OKTA, SPLK, MRNA, TEAM, MAR, PCAR,
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 2
MAR, PCAR,
 
 
Moving Below 30 DMA = 3
AMD, PAYX, XLNX,
 
 
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