DJI, RUT, SPX, NDX Fall as Covid Fears Rise, Close Above Daily Lows...MRNA, PTON Lead NDX...Earnings Season Day 5...

 
 
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DJI, RUT, SPX, NDX fell on Monday as delta variant Covid-19 fears rose but rallied from intraday lows.  Stocks MRNA, PTON, DOCU, COST, EBAY, NFLX, ETSY, CHWY, ROKU, FDX, TDOC, SHOP moved higher.

 
Earnings season continues on Tuesday with DOV, HAL, HCA, KEY, OMC, PM, SYF, TGV reporting BMO and CMG, ISRG, NFLX, UAL reporting AMC.
 
Earnings reactions after five days:
Positive:  PEP, WFC, TFC, UNH, USB, STT,
Neutral/Negative:  FRC, JPM, GS, CAG, FAST, BAC, BLK, C, DAL, PNC, MS, BK, PGR, KSU, SCHW, PLD, TSCO
AMC Monday: IBM, JBHT, PPG, ZION
Up from Initial Reaction:  CTAS,

 
On July 21, MRNA will replace ALXN in the SP 500 and HON will replace ALXN in the NDX.  ALXN is being acquired by AZN.
 
 
Semiconductor stocks, SMH -0.02%, rally from a lower open, led by strength in NVDA, MRVL and AMD.
 
DJI -725.81, -2.09%, closed at 33,962.  BA, UNH, GS and HON were the largest point decliners on Friday.
NDX -132.28, -0.90%, closed at 14,549.  A pullback for a third day in large cap tech stocks AAPL, GOOGL, MSFT, FB and AMZN weighed on the NDX.
SPX -68.67, -0.75%, closed at 4,258. 
 
TSLA +0.31%, a support bounce.
 
SPY = Re-BO setup.
DIA = Breaks short-term support.
QQQ = Four-day bull flag forms hammer.
IWM = Closes at three-month support.
 
All eleven sectors were lower on Monday, led by XLP, XLV and XLY.
 
Consumer Staples leaders: KR, CAG, GIS, COST
Health Care leaders: CTLT, DGX, HOLX, ABT
Consumer Discretionary leaders: ETSY, DG, DHI, EBAY
 
 
SPY down 6.37 at 424.97, on 147.98 million shares, above average volume, down on higher volume.  
VIX up 4.05 at 22.50
 
PG, WMT, CRM, AMGN led the DJIA, 0 advancers, -6
KR, ETSY, TYL, CAG led the SPX, 59 advancers.
MRNA, PTON, NVDA, DOCU led the NDX, 26 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up:
Down: QQQ, SPY, IWM, DIA,
 
Advancers weakened on Monday as decliners led 2,880 to 517 on the NYSE and led 3,224 to 1,273 on the NASDAQ.
 
The SPY MFC green line is pointed down at 77 and is defensive.  SPY a break of short-term support and form a hammer at the next support level. 
 
 
Uptrend sectors:  XLRE, XLV, XLP, XLK, XLC, XLY,
Neutral sectors:  XLI, XLF, XLU, XLB, XLE,
Down trend sectors:
 
The 6-month intermediate trend is up.  The ten-day trend is down.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Down
 
26 of 100 NDX stocks closed higher on Monday.
 
53 NDX stocks are above their 30 DMA:  PAYX, INTU, GOOGL, IDXX, ILMN, SNPS, MRNA, PYPL, EBAY, REGN, DXCM, ADBE, DOCU, LULU, MSFT, TEAM, AMZN, ISRG, ANSS, CDNS, QCOM, SPLK, AAPL, CPRT, MELI, NFLX, TSLA, VRSN, ADSK, CDW, COST, ORLY, SWKS, VRSK, ADP, AMGN, GILD, PEP, AEP, SBUX, FAST, CHKP, JD, MDLZ, NTES, MNST, XEL, CHTR, VRTX, CTAS, AMD, OKTA, PTON,
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 3
AMD, OKTA, PTON,
 
Moving Below 30 DMA = 8
ALGN, CMCSA, CSCO, EA, EXC, FISV, MTCH, TMUS,
 
 
 
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