DJI Rises, NDX Pauses as SPX Hits New All-time High...Energy, Staples, Industrials Lead Sectors...

© 2021


The SPX made a new all-time closing high for the fifth day in a row.  The NDX, formed a doji after making an all-time closing high in five of the last six days.
 
Semiconductor stocks, SMH closed at a new all-time high for the third day in a row. 
 
DJI +210.22, +0.61%, closed at 34,502.  GS, BA, WMT and HON were the largest point gainers on Wednesday.
NDX -17.95, -0.12%, closed at 14,554.
SPX +5.70, +0.13%, closed at 4,297.
 
TSLA -0.16%, formed a doji in a five-day pennant.
 
SPY = All-time high.
DIA = Channel bounce.
QQQ = Pause day after all-time high on Tuesday.
IWM = Channel bounce setup.
 
Three of eleven sectors were higher on Wednesday, led by XLE, XLP and XLI.
 
Energy leaders: COG, SWN, DVN, NOV
Consumer Staples leaders: SYY, WMT, MO, LW
Industrials leaders: GE, HWM, SNA, TXT
 
 
SPY up .36 at 428.06, on 64.7 million shares, above average volume, up on higher volume.  
VIX down .19 at 15.83
 
WMT, GS, BA, HON led the DJIA, 25 advancers, +13
COG, SWN, DVN, MOS  led the SPX, 293 advancers.
AMD, XLNX, MU, VRTX led the NDX, 41 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: DIA, SPY, IWM,
Down: QQQ,
 
Advancers strengthened on Wednesday as advancers led 1,927 to 1,428 on the NYSE and decliners led 2,382 to 2,012 on the NASDAQ.
 
The SPY MFC green line is pointed up at 97.6 and is bullish.  SPY closed at a new all-time high. 
 
 
Uptrend sectors:  XLK, XLC, XLV, XLRE, XLE, XLY, XLP, XLI, XLF, XLB,
Neutral sectors:  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 Trend: Up
 
41 of 100 NDX stocks closed higher on Wednesday.
 
75 NDX stocks are above their 30 DMA:  ALXN, TMUS, SGEN, PAYX, INTU, FB, MXIM, ADI, GOOGL, IDXX, ILMN, MRVL, ZM, NVDA, PTON, ASML, SNPS, MRNA, PYPL, AMD, EBAY, REGN, XLNX, DXCM, ADBE, BIIB, DOCU, LULU, MSFT, TEAM, ALGN, AMZN, ISRG, ANSS, CDNS, QCOM, SPLK, AAPL, CPRT, CTAS, MELI, MTCH, WDAY, INCY, NFLX, OKTA, TSLA, VRSN, ADSK, AMAT, CDW, CHTR, COST, JD, ORLY, SWKS, BIDU, KLAC, NXPI, ROST, SIRI, TXN, VRSK, ADP, AMGN, GILD, MU, ATVI, AVGO, EA, LRCX, CMCSA, NTES, PDD, PEP,
 
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 1
PEP,
 
Moving Below 30 DMA = 3
INTC, MCHP, SBUX,
 
 
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NDX, SPX Another New Closing High...Tech, Discretionary, Health Care Lead Sectors...

 
© 2021
 
The SPX made a new all-time closing high for the fourth day in a row.  The NDX, opened lower, closed higher and made its fifth all-time closing high in six days.
 
Semiconductor stocks, SMH closed at a new all-time high on Tuesday. 
 
DJI +9.02, +0.03%, closed at 34,292.  HD, GS, NKE and MSFT were the largest point gainers on Tuesday.
NDX +47.77, +0.33%, closed at 14,572.
SPX +1.19, +0.03%, closed at 4,291.
 
TSLA +2.51%, reversed Friday’s pullback in its breakout continuation.
 
SPY = All-time high.
DIA = Channel bounce down.
QQQ = All-time high.
IWM = Channel bounce down.
 

Three of eleven sectors were higher on Tuesday, led by XLK, XLY and XLV.
 
Technology leaders: SWKS, QRVO, XLNX, AMD
Consumer Discretionary leaders: EBAY, NKE, APTV, ETSY
Health Care leaders: LH, HOLX, BIIB, CRL

 
 
SPY up .23 at 427.70, on 35.9 million shares, below average volume, up on lower volume.  
VIX up .26 at 16.02
 
NKE, HD, AAPL, GS led the DJIA, 12 advancers, +2
SWKS, QRVO, MS, XLNX led the SPX, 226 advancers.
PDD, MRNA, SWKS, JD led the NDX, 64 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, SPY, DIA,
Down: IWM,
 
Advancers were mixed on Tuesday as decliners led 1,780 to 1,498 on the NYSE and led 2,665 to 1,780 on the NASDAQ.
 
The SPY MFC green line is pointed up at 95.5 and is bullish.  SPY closed at a new all-time high. 
 
 
Uptrend sectors:  XLK, XLC, XLV, XLRE, XLE, XLY, XLP, XLI, XLF, XLB,
Neutral sectors:  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 Trend: Up
 
64 of 100 NDX stocks closed higher on Tuesday.
 
77 NDX stocks are above their 30 DMA:  ALXN, TMUS, SGEN, PAYX, INTU, FB, MXIM, ADI, GOOGL, IDXX, ILMN, MRVL, ZM, NVDA, PTON, ASML, SNPS, MRNA, PYPL, AMD, EBAY, REGN, XLNX, DXCM, ADBE, BIIB, DOCU, LULU, MSFT, TEAM, ALGN, AMZN, ISRG, ANSS, CDNS, QCOM, SPLK, AAPL, CPRT, CTAS, MELI, MTCH, WDAY, INCY, NFLX, OKTA, TSLA, VRSN, ADSK, AMAT, CDW, CHTR, COST, JD, ORLY, SWKS, BIDU, KLAC, NXPI, ROST, SBUX, SIRI, TXN, VRSK, ADP, AMGN, GILD, MU, ATVI, AVGO, EA, INTC, LRCX, MCHP, CMCSA, NTES, PDD,
 
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 3
CMCSA, NTES, PDD,
 
Moving Below 30 DMA = 1
 FOXA,
 
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NDX, SPX Close at All-time Highs as DJI, RUT Pull Back...Communication Services, Technology Lead Sectors...

 
© 2021
 
The SPX made a new all-time closing high for the third day in a row, while the DJI pulled back.  The NDX, reversed Fridays pull back and made its fourth all-time closing high in five days.
 
Semiconductor stocks, SMH broke out of resistance on Monday and closed at a new all-time high. 
 
DJI -150.57, -0.44%, closed at 34,283.  BA, AXP, UNH and CVX were the largest point decliners on Monday.
NDX +179.80, +1.25%, closed at 14,524.
SPX +9.91, +0.23%, closed at 4,290.
 
TSLA +2.51%, reversed Friday’s pullback in its breakout continuation.
 
SPY = All-time high.
DIA = Channel bounce down.
QQQ = All-time high.
IWM = Channel bounce down.
 
Seven of eleven sectors were higher, and one was unchanged on Monday, led by XLC, XLK and XLU.
 
Communication Services leaders: VIAC, FB, ATVI, EA
Technology leaders: ENPH, NVDA, AMAT, ZBRA
Utilities leaders: NRG, NEE, ES, AWK
 
 
SPY up .86 at 427.47, on 53.1 million shares, average volume, up on lower volume.  
VIX up .14 at 15.76
 
INTC, MSFT, AAPL, CRM led the DJIA, 10 advancers, -12
ENPH, ETSY, NRG, VIAC led the SPX, 205 advancers.
NVDA, PTON, ZM, NTES led the NDX, 70 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, SPY,
Down: DIA, IWM,
 
Advancers weakened on Monday as decliners led 1,998 to 1,390 on the NYSE and led 2,363 to 2,095 on the NASDAQ.
 
The SPY MFC green line is pointed up at 94.1 and is bullish.  SPY closed at a new all-time high. 
 
 
Uptrend sectors:  XLK, XLC, XLV, XLRE, XLE, XLY, XLP, XLI, XLF, XLB,
Neutral sectors:  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 Trend: Up
 
70 of 100 NDX stocks closed higher on Monday.
 
75 NDX stocks are above their 30 DMA:  ALXN, TMUS, SGEN, PAYX, INTU, FB, MXIM, ADI, GOOGL, IDXX, ILMN, MRVL, ZM, NVDA, PTON, ASML, SNPS, MRNA, PYPL, AMD, EBAY, REGN, XLNX, DXCM, ADBE, BIIB, DOCU, LULU, MSFT, TEAM, ALGN, AMZN, ISRG, ANSS, CDNS, QCOM, SPLK, AAPL, CPRT, CTAS, MELI, MTCH, WDAY, INCY, NFLX, OKTA, TSLA, VRSN, ADSK, AMAT, CDW, CHTR, COST, JD, ORLY, SWKS, FOXA, BIDU, KLAC, NXPI, ROST, SBUX, SIRI, TXN, VRSK, ADP, AMGN, GILD, MU, ATVI, AVGO, EA, INTC, LRCX, MCHP,
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 6
ATVI, AVGO, EA, INTC, LRCX, MCHP,
 
 
Moving Below 30 DMA = 2
MDLZ, PDD,
 
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DJI Leads on Friday as SPX Makes All-time high...NDX Pauses After Three All-time Closing Highs...Financial Leads Sectors...

 
© 2021
 

The SPX, for a second day, made a new all-time closing high. 
 
The NDX, paused on Friday, after a new closing high three days in a row.
 
Semiconductor stocks, SMH paused at resistance on Friday. 
 
DJI +237.02, +0.69%, closed at 34,433.  NKE, UNH, PG and HD were the largest point gainers on Friday.
NDX -20.78, -0.14%, closed at 14,345.
SPX +14.21, +0.33%, closed at 4,280.
 
TSLA -1.17%, paused after a two-day breakout continuation.
 
SPY = BO to all-time high.
DIA = Channel bounce continuation.
QQQ = Pause after new all-time high.
IWM = Doji at resistance.
 
Ten of eleven sectors were higher on Friday, led by XLF, XLU and XLP.
 
Financial leaders: LNC, UNM, HBAN, WFC
Utilities leaders: EIX, NRG, AEP, CMS
Consumer Staples leaders: CLX, EL, MNST, HSY
 
 
SPY up 1.51 at 426.61, on 58.1 million shares, average volume, up on higher volume.  
VIX down .35 at 15.62
 
NKE, UNH, PG, WMT led the DJIA, 22 advancers, -6
KMX, OXY, LNC, UNM led the SPX, 375 advancers.
JD, BIDU, AEP MNST led the NDX, 63 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: DIA, SPY, IWM,
Down: QQQ,
 
Advancers weakened on Friday as advancers led 1,756 to 1,527 on the NYSE and led 2,429 to 1,911 on the NASDAQ.
 
The SPY MFC green line is pointed up at 90 and is bullish.  SPY closed at a new all-time high. 
 
 
Uptrend sectors:  XLK, XLC, XLV, XLRE, XLE, XLY, XLP, XLI, XLF, XLB,
Neutral sectors:  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 Trend: Up
 
63 of 100 NDX stocks closed higher on Friday.
 
71 NDX stocks are above their 30 DMA:  ALXN, TMUS, SGEN, PAYX, INTU, FB, MXIM, ADI, GOOGL, IDXX, ILMN, MRVL, ZM, NVDA, PTON, ASML, SNPS, MRNA, PYPL, AMD, EBAY, REGN, XLNX, DXCM, ADBE, BIIB, DOCU, LULU, MSFT, TEAM, ALGN, AMZN, ISRG, ANSS, CDNS, QCOM, SPLK, AAPL, CPRT, CTAS, MELI, MTCH, WDAY, INCY, NFLX, OKTA, TSLA, VRSN, ADSK, AMAT, CDW, CHTR, COST, JD, ORLY, SWKS, FOXA, BIDU, KLAC, NXPI, PDD, ROST, SBUX, SIRI, TXN, VRSK, ADP, AMGN, GILD, MDLZ, MU, 
 
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 5
ADP, AMGN, GILD, MDLZ, MU, 
 
 
Moving Below 30 DMA = 2
AVGO, LRCX,
 
 
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NDX, SPX Close at All-time Highs, RUT, DJI Continue Support towards Resistance...Financial, Communication Services Lead Sectors...

 
 © 2021
 

The SPX broke out to new all-time closing high. 
 
The NDX rose to a new all-time closing high for the third day in a row.
 
Semiconductor stocks, SMH moved higher in a channel bounce continuation and is a breakout setup. 
 
DJI +322.58, +0.95%, closed at 34,196.  GS, BA, CAT and UNH were the largest point gainers on Thursday.
NDX +91.72, +0.64%, closed at 14,365.
SPX +24.65, +0.58%, closed at 4,266.
 
TSLA +3.54%, reversal breakout continuation.
 
 
SPY = BO setup.
DIA = Channel bounce continuation.
QQQ = BO continuation to new all-time closing high.
IWM = Bull flag bounce continuation.
 
Nine of eleven sectors were higher on Thursday, led by XLF, XLC and XLE.
 
Financial leaders: RE, WFC, SPGI, HBAN
Communication Services leaders: DISCA, TWTR, VIAC, ATVI
Energy leaders: SWN, FANG, OXY, DVN,  
 
 
SPY up 2.50 at 425.10, on 45.0 million shares, below average volume, up on lower volume.  
VIX down .35 at 15.97
 
BA, CAT, GS, DIS led the DJIA, 28 advancers, +21
LLY, VMC, DRI, SWN led the SPX, 375 advancers.
PDD, MRNA, PTON, TSLA led the NDX, 84 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, DIA, QQQ, SPY,
Down:
 
Advancers strengthened on Thursday as advancers led 2,273 to 1,046 on the NYSE and led 3,081 to 1,246 on the NASDAQ.
 
The SPY MFC green line is pointed up at 80.6 and is bullish.  SPY hit an intra-day all-time high and closed 36 cents below its June 15 high and is a breakout setup. 
 
 
Uptrend sectors:  XLK, XLC, XLV, XLRE, XLE, XLY, XLP, XLI, XLF, XLB,
Neutral sectors:  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 Trend: Up
 
84 of 100 NDX stocks closed higher on Thursday.
 
68 NDX stocks are above their 30 DMA:  ALXN, TMUS, SGEN, PAYX, INTU, FB, MXIM, ADI, GOOGL, IDXX, ILMN, MRVL, ZM, NVDA, PTON, ASML, AVGO, SNPS, MRNA, PYPL, AMD, EBAY, REGN, XLNX, DXCM, ADBE, BIIB, DOCU, LULU, MSFT, TEAM, ALGN, AMZN, ISRG, ANSS, CDNS, QCOM, SPLK, AAPL, CPRT, CTAS, MELI, MTCH, WDAY, INCY, NFLX, OKTA, TSLA, VRSN, ADSK, AMAT, CDW, CHTR, COST, JD, ORLY, SWKS, FOXA, BIDU, KLAC, LRCX, NXPI, PDD, ROST, SBUX, SIRI, TXN, VRSK,
 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 10
BIDU, KLAC, LRCX, NXPI, PDD, ROST, SBUX, SIRI, TXN, VRSK,
 
 
Moving Below 30 DMA = 0
 

 
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