© 2021
TSLA
reported after the close. The rest of the big six report as follows:
MSFT
and GOOGL
report Tuesday AMC,
AAPL
and FB report Wednesday AMC,
AMZN
reports Thursday AMC.
Thirty-one
percent or 155 SPX stocks will report
earnings between Tuesday and Thursday.
The two-day
FOMC Meeting starts Tuesday and concludes with its announcement Wednesday
at 2 pm EDT. No change in interest rates
is expected. Powell’s press conference
will be at 2:30 pm EDT.
DJI -61.92, -0.18%, closes at 33,981. UNH, HD, HON, PG and MMM were the
largest point decliners on Monday.
NDX +84.72, +0.61%, closes at 14,026, second highest close 15 points below its all-time
closing high.
SPX +7.45, +0.18%, ended
at 4,187, new all-time closing high.
TSLA +1.21%, earnings
after the close Monday. TSLA -18.34, -2.48%, at 719.86, fell after the close, on negative earnings reaction.
SPY = HBO
setup.
DIA = bull
flag bounce pause.
QQQ = bull
flag bounce.
IWM =
channel bounce continuation.
Seven of eleven
sectors were higher on Monday, led by XLE,
XLB and XLK.
Energy leaders: SWN, APA, SLB, DVN
Basic Materials leaders: FCX,
ALB, NUE, MOS
Technology leaders: WDC, STX, SWKS, ENPH
SPY up .87 at 417.61, on 52.1 million shares, below average volume, up on lower volume.
VIX up .31 at 17.64
AXP, BA, GS, NKE led the DJIA, 12 advancers, -13
OTIS, FCX, ALB, STX led the SPX, 262 advancers.
WDC, SWKS DOCU, XLNX led the NDX, 59 advancers.
The two-year trend term is up. The one-year trend is up.
Up: IWM, QQQ, SPY,
Down: DIA,
Advancers weakened on Monday as advancers led 2,073 to 1,131 on the NYSE and led 2,847 to 1,392 on the NASDAQ.
The SPY MFC green line
turned up at 91.2 and is bullish.
SPY is an HBO setup.
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 a little
59 of 100 NDX stocks
closed higher on Monday.
85 NDX stocks are above their 30 DMA: KHC, ADP, ORLY, CSCO, AEP, XEL, AMAT, EXC, FB,
MDLZ, SIRI, TXN, FAST, AMGN, PEP, CSX, MNST, COST, ASML, CERN, CDW, SBUX, ADBE,
GILD, LRCX, REGN, ROST, SWKS, VRSK, VRSN, EA, TMUS, ADSK, ALGN, ANSS, CDNS,
GOOGL, ISRG, MSFT, MXIM, NVDA, SNPS, AAPL, AMZN, CPRT, FISV, INTU, CHKP, DXCM,
PYPL, TSLA, MELI, ALXN, DOCU, IDXX, LULU, OKTA, MRNA, TEAM, INCY, VRTX, CHTR,
NTES, PAYX, CTAS, KLAC, ILMN, ZM, ADI, AMD, BKNG, MCHP, MTCH, NXPI, PDD,
QCOM, SGEN, WDAY, XLNX, ATVI, BIIB, CTSH, EBAY, TCOM, WDC,
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 6
ATVI, BIIB, CTSH, EBAY,
TCOM, WDC,
Moving Below 30 DMA = 1
DLTR,
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