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,
 
 
Add Comments here: