Buyers Reverse Friday's Selloff...Energy, Financial, Industrials Lead Sectors as Breadth Expands on Monday...

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The SPX and DJI reversed Friday’s selloff and closed above Thursday’s close as sellers in these indexes had exhausted and buyers took over.  The SPX close 31 points below its all-time high.
 
The NDX reversed most of Friday’s sell off, did a re-breakout and closed 26 points below its all-time high last Thursday.
 
Semiconductor stocks, SMH formed a hammer at short-term support. 
 
DJI +586.89, +1.76%, closed at 33,876.  GS, UNH BA and AXP were the largest point gainers on Monday.
NDX +87.65, +0.62%, closed at 14,137.
SPX +58.34, +1.40%, closed at 4,224.
 
TSLA -0.40%, channel bounce pause at short-term resistance.
 
 
All eleven sectors were higher on Monday, led by XLE, XLF and XLI.
 
Energy leaders: APA, HES, EOG, FTI
Financial leaders: ZION, UNM, AXP, SIVB
Industrials leaders: SNA, URI, TT, TXT
 
 
SPY up 5.94 at 420.86, on 72.8 million shares, average volume, up on lower volume.   
VIX down 2.81 at 17.89
 
AXP, BA, CVX, TRV led the DJIA, 30 advancers, +30
APA, HES, EOG, FTI led the SPX, 480 advancers.
MRNA, ROST, MAR, CPRT led the NDX, 77 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, DIA, SPY, QQQ,
Down:
 
Advancers strengthened on Monday as advancers led 2,465 to 851 on the NYSE and led 2,534 to 1,826 on the NASDAQ.
 
The SPY MFC green line turned down at 78.6 and is defensive.  SPY bounced above the high of the low day on Friday. 
 
 
Uptrend sectors:  XLRE, XLC, XLK, XLV, XLE, XLP, XLU, XLI, XLF, XLB,
Neutral sectors:  XLY,
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: Down a little
 
77 of 100 NDX stocks closed higher on Monday.
 
66 NDX stocks are above their 30 DMA:  CERN, ALXN, TMUS, SGEN, PAYX, INTU, FB, MXIM, ADI, GOOGL, IDXX, ILMN, MRVL, ZM, NVDA, PTON, ASML, AVGO, LRCX, SNPS, MRNA, PYPL, SIRI, AMD, EBAY, REGN, XLNX, DXCM, ADBE, BIIB, CHKP, DOCU, LULU, MSFT, TEAM, ALGN, AMZN, ISRG, ANSS, CDNS, CMCSA, QCOM, SPLK, AAPL, CPRT, CTAS, MELI, MTCH, WDAY, INCY, NFLX, OKTA, TSLA, VRSN,
ADP, ADSK, AMAT, CDW, CHTR, COST, JD, MAR, ORLY, SWKS, TXN, VRSK,
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 12
ADP, ADSK, AMAT, CDW, CHTR, COST, JD, MAR, ORLY, SWKS, TXN, VRSK,
 
Moving Below 30 DMA = 1
FOXA,
 
 
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