Monday, August 16, 2021

A Lower Open and a Higher Close as SPY, DIA make New All-time High...Health Care Leads Sectors...

 
© 2021
 
 
Both SPX/SPY and DJI/DIA and made new all-time closing highs following a lower open and intra-day reversal.   SPX made its fifth consecutive all-time closing high and its seventh in the past eight trading days.
 
 
SPY up 1.05, at 446.97, on 73.9 million shares, above average volume, up on higher volume.  
VIX up .67 at 16.12
QQQ up .16, +0.04% at 368.98
 
 
UNH, MRK, AAPL, V led the DJIA, 18 advancers, +1
XRAY, IQV, AAP, ANTM led the SPX, 280 advancers.
DXCM, KDP, EBAY, ORLY led the NDX, 56 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: DIA, SPY, QQQ,
Down: IWM,
 
SPY = All-time high.
DIA = All-time high.
QQQ = re-BO setup.
IWM = Mid-channel pullback.
 
Seven of eleven sectors were higher on Monday, led by XLV, XLU and XLP.
 
Health Care leaders: XRAY, DXCM, IQV, ANTM
Utilities leaders: DUK, AWK, SQ, XEL
Consumer Staples leaders: KMB, CHD, COST, HSY
 
 
Advancers weakened on Monday as decliners led 2,132 to 1,175 on the NYSE and led 3,056 to 1,407 on the NASDAQ.
 
The SPY MFC green line is pointed up at 98.9 and is bullish.  SPY made a new all-time closing high. 
 
 
Uptrend sectorsXLF, XLU, XLP, XLRE, XLK, XLC, XLV, XLY,
Neutral sectors:  XLI, XLB, XLE,
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 TrendUp
 
56 of 100 NDX stocks closed higher on Monday.
 
66 NDX stocks are above their 30 DMA:  PAYX, INTU, GOOGL, ILMN, SNPS, MRNA, REGN, DXCM, ADBE, LULU, MSFT, TEAM, ISRG, ANSS, CDNS, QCOM, SPLK, AAPL, MELI, ADSK, CDW, COST, VRSK, ADP, PEP, FAST, CTAS, AMD, ALGN, CSCO, EXC, MRVL, HON, ASML, AVGO, CMCSA, AEP, CTSH, XEL, KLAC, XLNX, ADI, NXPI, TSLA, CHTR, SGEN, MCHP, FB, CSX, FOXA, FISV, MNST, DLTR, GILD, ROST, WBA, BIIB, CERN, NVDA, CHKP, EBAY, MDLZ, MXIM, KDP, ORLY, TXN, 
 
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 3
KDP, ORLY, TXN, 
 
Moving Below 30 DMA = 3
BKNG, DOCU, WDAY,  
 
 
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