Range Trading on Expiration Friday Led by QQQ...Markets Closed Monday, Enjoy the Memorial Day Weekend...

 
 
© 2021
 
 
SPX opened slightly higher and traded in a range on expiration Friday.  Semiconductor stocks SMH moved higher after breaking through short-term resistance on Thursday. 
 
 
DJI +64.81, +0.19%, closed at 34,529.  CRM, AMGN, GS and CVX were the largest point gainers on Friday.
NDX +28.67, +0.21%, closed at 13,686.
SPX +3.23, +0.08%, closed at 4,204.                  
 
TSLA -0.89%, bounce pause.
 
SPY = bounce continuation.
DIA = ST breakout continuation.
QQQ = bounce continuation.
IWM = 3-week breakout test.
 
Seven of eleven sectors were higher on Friday, led by XLRE, XLU and XLV.
 
Real Estate leaders: EXR, KIM, MAA, AVB
Utilities leaders: EXC, EVRG, AWK, CNP
Health Care leaders: DXCM, CRL, EW, REGN
 
SPY up .22 at 420.07, on 58.5 million shares, below average volume, up on higher volume. 
VIX up .02 at 16.76
 
CRM, AMGN CVX, GS led the DJIA, 14 advancers, -2
ULTA, LW, EBAY, AMD led the SPX, 286 advancers.
NVDA, PDD, XLNX MRNA led the NDX, 66 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, DIA, SPY,
Down: IWM,
 
Advancers weakened on Friday as advancers led 1,989 to 1,344 on the NYSE and led 2,263 to 2,005 on the NASDAQ.
 
The SPY MFC green line is pointed up at 80.5 and is bullish.  SPY is a bounce continuation nearing resistance. 
 
 
Uptrend sectors:  XLRE, XLP, XLC, XLV, XLF, XLB, XLE, XLI, XLU, XLK, XLY,
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
 
66 of 100 NDX stocks closed higher on Friday.
 
60 NDX stocks are above their 30 DMA:  COST, CERN, VRSN, ALXN, CHTR, MDLZ, KHC, PEP, TMUS, SGEN, CSCO, PAYX, INTU, WDC, TCOM, NTES, ATVI, FB, MXIM, ADI, ADP, CPRT, FAST, GOOGL, IDXX, ILMN, MRVL, NXPI, ZM, ALGN, NVDA, PTON, ADSK, AMAT, ASML, AVGO, CMCSA, CTAS, EA, KLAC, LRCX, MCHP, SNPS, TXN, ADBE, MRNA, PYPL, TEAM, MU, SIRI, AMD, BKNG, DXCM, EBAY, EXC, INCY, QCOM, REGN, SBUX, XLNX,
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 10
AMD, BKNG, DXCM, EBAY, EXC, INCY, QCOM, REGN, SBUX, XLNX,
 
 
Moving Below 30 DMA = 3
FOXA, LULU, MAR,                                                                               
 
                                                                                     
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IWM Leads DIA, SPY as QQQ Declines...Industrials, Financials Lead Sectors...

 

© 2021
 
 
SPX opened slightly higher and traded in a range on Thursday.  Semiconductor stocks SMH broke through short-term resistance. 
 
 
DJI +141.59, +0.41%, closed at 34,464.  BA, HON, GS and CAT were the largest point gainers on Thursday.
NDX -44.90, -0.33%, closed at 13,657.
SPX +4.89, +0.12%, closed at 4,200.                  
 
TSLA +1.89%, bounce continuation.
 
SPY = small bounce after BO test.
DIA = breakout setup.
QQQ = bounce pause.
IWM = breakout setup.
 
Six of eleven sectors were higher on Thursday, led by XLI, XLF and XLB.
 
Industrials leaders: GE, TDG, HWM, HON
Financial leaders: IVZ, UNM, SCHW, BEN
Basic Materials leaders: ALB, FCX, LYB, DD
 
SPY up .22 at 419.29, on 56.7 million shares, below average volume, up on higher volume. 
VIX down .62 at 16.74
 
BA, HON, WBA, JPM led the DJIA, 16 advancers, +0
GE, F, FTI, IVZ led the SPX, 327 advancers.
ILMN, PTON, SIRI, MRNA led the NDX, 46 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, DIA, SPY,
Down: QQQ,
 
Advancers weakened on Thursday as advancers led 2,105 to 1,208 on the NYSE and led 2,809 to 1,469 on the NASDAQ.
 
The SPY MFC green line is pointed up at 72.1 and is bullish.  SPY is a bounce continuation after a BO test. 
 
 
Uptrend sectors:  XLRE, XLP, XLC, XLV, XLF, XLB, XLE, XLI, XLU, XLK, XLY,
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 Thursday.
 
53 NDX stocks are above their 30 DMA:  COST, CERN, VRSN, ALXN, CHTR, MDLZ, KHC, PEP, TMUS, SGEN, CSCO, PAYX, INTU, WDC, TCOM, NTES, ATVI, FB, MXIM, ADI, ADP, CPRT, FAST, GOOGL, IDXX, ILMN, MRVL, NXPI, ZM, ALGN, NVDA, PTON, ADSK, AMAT, ASML, AVGO, CMCSA, CTAS, EA, KLAC, LRCX, MCHP, SNPS, TXN, ADBE, MRNA, PYPL, TEAM, LULU, MAR, FOXA, MU, SIRI,
 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 3
FOXA, MU, SIRI,
 
Moving Below 30 DMA = 2
EBAY, EXC,                                                                                            
 
                                                                                     
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IWM Leads QQQ, SPY as Breadth Improves...

 
© 2021
 
 
SPX opened higher and traded in a range on Wednesday.  Semiconductor stocks SMH traded in a range at short-term resistance. 
 
 
DJI +10.59, +0.03%, closed at 34,323.  GS, NKE, CRM and BA were the largest point gainers on Wednesday.
NDX +45.01, +0.33%, closed at 13,702.
SPX +7.86, +0.19%, closed at 4,195.                  
 
TSLA +2.39%, continues to rally after a pause day.
 
SPY = small bounce after BO test.
DIA = breakout setup.
QQQ = bounce continuation.
IWM = bounce continuation.
 
Eight of eleven sectors were higher on Wednesday, led by XLY, XLE and XLC.
 
Consumer Discretionary leaders: F, PENN, GPS, RCL
Energy leaders: FANG, OXY, APA, DVN
Communication Services leaders: VIAC, DISCA, TMUS, CMCSA
 
SPY up .83 at 419.07, on 43.0 million shares, below average volume, up on lower volume. 
VIX down 1.48 at 17.36
 
NKE, CRM, GS, DOW led the DJIA, 16 advancers, +6
F, PENN, GPS RCL led the SPX, 323 advancers.
PTON, MRNA, TSLA, SPLK led the NDX, 62 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, QQQ, SPY, DIA,  
Down:
 
Advancers strengthened on Wednesday as advancers led 2,258 to 1,082 on the NYSE and led 3,200 to 1,121 on the NASDAQ.
 
The SPY MFC green line is pointed up at 70.9 and is bullish.  SPY is a bounce after a BO test. 
 
 
Uptrend sectors:  XLRE, XLP, XLC, XLV, XLF, XLB, XLE, XLI, XLU, XLK, XLY,
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
 
62 of 100 NDX stocks closed higher on Wednesday.
 
52 NDX stocks are above their 30 DMA:  COST, CERN, VRSN, ALXN, CHTR, MDLZ, KHC, PEP, TMUS, SGEN, CSCO, PAYX, INTU, WDC, TCOM, NTES, ATVI, FB, MXIM, ADI, ADP, CPRT, FAST, GOOGL, IDXX, ILMN, MRVL, NXPI, ZM, ALGN, EBAY, NVDA, PTON, ADSK, AMAT, ASML, AVGO, CMCSA, CTAS, EA, KLAC, LRCX, MCHP, SNPS, TXN, ADBE, MRNA, PYPL, TEAM, EXC, LULU, MAR,
 
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 3
EXC, LULU, MAR,
 
Moving Below 30 DMA = 5
BIIB, ISRG, PDD, WBA, XEL,                                                             
 
                                                                                     
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Higher Open, Trading Range, Lower Close...

 
© 2021
 
 
SPX opened higher and pulled back into a trading range before finishing lower on Tuesday.  Semiconductor stocks SMH closed higher and is a breakout setup. 
 
 
DJI -81.52, -0.24%, closed at 34,312.  AMGN, GS, TRV and CAT were the largest point decliners on Tuesday.
NDX +15.98, +.12%, closed at 13,657.
SPX -8.92, -0.21%, closed at 4,188.                    
 
TSLA -0.29%, paused after a 3-day rally.
 
SPY = breakout test.
DIA = breakout setup.
QQQ = bounce continuation.
IWM = pause at short-term resistance.

 
Four of eleven sectors were higher on Tuesday, led by XLY, XLRE and XLK.
 
Consumer Discretionary leaders: NVR, RCL, NCLH, CCL
Real Estate leaders: EQIX, CCI, O, DLR
Technology leaders: SNPS, AMAT, ADBE, QRVO
 
SPY down .93 at 418.24, on 57.4 million shares, below average volume, down on higher volume. 
VIX up .44 at 18.84

 
BA, DIS, HD, UNH led the DJIA, 10 advancers, -12
NVR, RCL, NCLH, CCL led the SPX, 166 advancers.
MRNA, SNPS, AMAT, ASML led the NDX, 51 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ,
Down: SPY, DIA, IWM,
 
Advancers weakened on Tuesday as decliners led 2,062 to 1,228 on the NYSE and led 2,757 to 1,512 on the NASDAQ.
 
The SPY MFC green line is pointed up at 62.1 and is bullish.  SPY is a breakout test. 
 
 
Uptrend sectors:  XLRE, XLP, XLC, XLV, XLF, XLB, XLE, XLI, XLU, XLK, XLY,
Neutral sectors: 
Down trend sectors:
 
The 6-month intermediate trend is up.  The ten-day trend is down a little.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up
 
51 of 100 NDX stocks closed higher on Tuesday.
 
54 NDX stocks are above their 30 DMA:   XEL, COST, CERN, VRSN, ALXN, CHTR, MDLZ, KHC, PEP, BIIB, TMUS, SGEN, CSCO, PAYX, WBA, INTU, WDC, TCOM, NTES, ATVI, FB, MXIM, ADI, ADP, CPRT, FAST, GOOGL, IDXX, ILMN, MRVL, NXPI, ZM, ALGN, EBAY, NVDA, PTON, ADSK, AMAT, ASML, AVGO, CMCSA, CTAS, EA, KLAC, LRCX, MCHP, SNPS, TXN, ADBE, ISRG, MRNA, PDD, PYPL, TEAM,
 
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 6
ADBE, ISRG, MRNA, PDD, PYPL, TEAM,
 
 
Moving Below 30 DMA = 6                                                                  
CHKP, EXC, GILD, MTCH, REGN, SIRI,
 
                                                                                     
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Broad Rally Resumes on Monday as QQQ, SPY Lead after Expiration Friday's Pause...

 
© 2021
 
 
The SPX opened higher, broke out of short-term resistance and traded higher with a modest pullback in the last 15 minutes of trading.  Semiconductor stocks were amongst the leaders again on Monday. 
 
 
DJI +186.14, +0.54%, closed at 34,393.  MSFT, CRM, BA and V were the largest point gainers on Monday.
NDX +230.01, +1.72%, closed at 13,641.
SPX +41.91, +0.99%, closed at 4,197.               
 
TSLA +4.40%, bounce at 3-month support.
 
SPY = bounce continuation.
DIA = channel bounce continuation.
QQQ = bounce continuation.
IWM = channel bounce continuation.
 
Ten of eleven sectors were higher on Monday, led by XLC, XLK and XLRE.
 
Communication Services leaders: TWTR, GOOGL, LYV, FB
Technology leaders: AMAT, STX, NVDA, LRCX
Real Estate leaders: BA, CPRT, WAB, PWR
 
SPY up 4.23 at 419.17, on 51.3 million shares, below average volume, up on lower volume. 
VIX down 1.75 at 18.40
 
MSFT, CRM, CSCO, INTC led the DJIA, 22 advancers, +5
MGM, CZR, TWTR, NCLH led the SPX, 369 advancers.
AMAT, TSLA, NVDA, DXCM led the NDX, 80 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, SPY, IWM, DIA,
Down:
 
Advancers were mixed on Monday as advancers led 2,174 to 1,155 on the NYSE and led 2,162 to 2,084 on the NASDAQ.
 
The SPY MFC green line turned up today at 55.4 and is bullish.  SPY is a bounce continuation. 
 
 
Uptrend sectors:  XLF, XLP, XLB, XLE, XLRE, XLV, XLI, XLU, XLC, XLY, XLK,
Neutral sectors: 
Down trend sectors:
 
The 6-month intermediate trend is up.  The ten-day trend is down a little.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up
 
80 of 100 NDX stocks closed higher on Monday.
 
54 NDX stocks are above their 30 DMA:   XEL, COST, CERN, VRSN, ALXN, CHTR, MDLZ, KHC, PEP, BIIB, GILD, TMUS, REGN, SGEN, CSCO, PAYX, WBA, EXC, INTU, WDC, TCOM, NTES, ATVI, FB, MXIM, ADI, ADP, CPRT, FAST, GOOGL, IDXX, ILMN, MRVL, NXPI, ZM, ALGN, EBAY, NVDA, PTON, ADSK, AMAT, ASML, AVGO, CHKP, CMCSA, CTAS, EA, KLAC, LRCX, MCHP, MTCH, SIRI, SNPS, TXN,
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 15
ADSK, AMAT, ASML, AVGO, CHKP, CMCSA, CTAS, EA, KLAC, LRCX, MCHP, MTCH, SIRI, SNPS, TXN,
 
 
Moving Below 30 DMA = 2                                                                  
AMGN, ORLY,
 
 
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