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SPX opened flat and pulled back during the first hour to Friday’s S1 level and building a support base before an afternoon rally to close at its third highest close ever, closing less than 6 points below its all-time closing high on May 7. Semiconductor stocks SMH opened lower and near Friday’s S1 level.
DJI -126.15, -0.36%, closed at 34,630. UNH, CAT, GS and MMM were the largest point decliners on Monday.
SPX -3.37, -0.10%, closed at 4,226.
TSLA +1.01%, channel bounce setup.
SPY = HBO setup.
Four of eleven sectors were higher on Monday, led by XLRE, XLC and XLV.
Real Estate leaders: VNO, BXP, DLR, ARE
Communication Services leaders: FB, GCI, TWTR, GOOG
SPY down .41 at 422.19, on 51.5 million shares, below average volume, down on lower volume.
VIX down 0.00 at 16.42
MSFT, BA, AXP, V led the DJIA, 10 advancers, -13
The two-year trend term is up. The one-year trend is up.
Up: IWM, QQQ,
Advancers were mixed on Monday as advancers led 1,879 to 1,447 on the NYSE and led 2,785 to 1,512 on the NASDAQ.
The SPY MFC green line is pointed up at 88.6 and is bullish. SPY is a HBO setup.
Uptrend sectors: XLRE, XLC, XLF, XLE, XLI, XLP, XLB, XLK, XLY, XLV, 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 a little
34 of 100 NDX stocks closed higher on Monday.
61 NDX stocks are above their 30 DMA: COST, CERN, ALXN, MDLZ, KHC, PEP, TMUS, SGEN, CSCO, PAYX, INTU, WDC, NTES, ATVI, FB, MXIM, ADI, ADP, GOOGL, IDXX, ILMN, MRVL, NXPI, ZM, NVDA, PTON, AMAT, ASML, AVGO, CMCSA, EA, LRCX, MCHP, SNPS, TXN, MRNA, PYPL, SIRI, AMD, EBAY, EXC, REGN, XLNX, JD, MAR, DXCM, MNST, WBA, ADBE, BIIB, CHKP, CPRT, DOCU, GILD, INCY, INTC, KLAC, LULU, MSFT, MU, TEAM,
NDX Stocks to Watch on Tuesday:
Moving Below 30 DMA = 7
ADSK, CHTR, CTAS, FAST, PDD, QCOM, TCOM,
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SPX opened flat and pulled back during the first hour to Friday’s S1 level and building a support base before an afternoon rally to close at its third highest close ever, closing less than 6 points below its all-time closing high on May 7. Semiconductor stocks SMH opened lower and near Friday’s S1 level.
DJI -126.15, -0.36%, closed at 34,630. UNH, CAT, GS and MMM were the largest point decliners on Monday.
SPX -3.37, -0.10%, closed at 4,226.
TSLA +1.01%, channel bounce setup.
SPY = HBO setup.
Four of eleven sectors were higher on Monday, led by XLRE, XLC and XLV.
Real Estate leaders: VNO, BXP, DLR, ARE
Communication Services leaders: FB, GCI, TWTR, GOOG
SPY down .41 at 422.19, on 51.5 million shares, below average volume, down on lower volume.
VIX down 0.00 at 16.42
MSFT, BA, AXP, V led the DJIA, 10 advancers, -13
The two-year trend term is up. The one-year trend is up.
Up: IWM, QQQ,
Advancers were mixed on Monday as advancers led 1,879 to 1,447 on the NYSE and led 2,785 to 1,512 on the NASDAQ.
The SPY MFC green line is pointed up at 88.6 and is bullish. SPY is a HBO setup.
Uptrend sectors: XLRE, XLC, XLF, XLE, XLI, XLP, XLB, XLK, XLY, XLV, 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 a little
34 of 100 NDX stocks closed higher on Monday.
61 NDX stocks are above their 30 DMA: COST, CERN, ALXN, MDLZ, KHC, PEP, TMUS, SGEN, CSCO, PAYX, INTU, WDC, NTES, ATVI, FB, MXIM, ADI, ADP, GOOGL, IDXX, ILMN, MRVL, NXPI, ZM, NVDA, PTON, AMAT, ASML, AVGO, CMCSA, EA, LRCX, MCHP, SNPS, TXN, MRNA, PYPL, SIRI, AMD, EBAY, EXC, REGN, XLNX, JD, MAR, DXCM, MNST, WBA, ADBE, BIIB, CHKP, CPRT, DOCU, GILD, INCY, INTC, KLAC, LULU, MSFT, MU, TEAM,
NDX Stocks to Watch on Tuesday:
Moving Below 30 DMA = 7
ADSK, CHTR, CTAS, FAST, PDD, QCOM, TCOM,
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