Monday, August 30, 2021

QQQ, SPY All-time Closing High...AAPL Breaks out, All-time High...Real Estate, Technology, Discretionary Lead Sectors...

 
© 2021
 

QQQ and SPY made new all-time closing highs again on Monday.  SPX closed above 4,500 for the second time and NDX closed above 15,600 on Monday as markets continued Monday, the rally that started Friday.
 
 
SPY up 1.98 at 452.23, on 48.3 million shares, below average volume, up on lower volume.  
VIX down .20 at 16.19
QQQ up 4.22, +1.12% at 380.26
 
 
AAPL, MSFT, HD, KO led the DJIA, 15 advancers, -8
ETSY, HPQ, PKI, BAX led the SPX, 246 advancers.
PYPL, IDXX, TSLA ISRG led the NDX, 70 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, SPY,
Down: DIA, IWM,
 
SPY = BO to all-time high
DIA = Channel bounce pause
QQQ = BO to all-time high
IWM = Mid-channel pullback
 
Seven of eleven sectors were higher on Monday, led by XLRE, XLK and XLY.
 
Real Estate leaders: DRE, AMT, ESS, EQIX
Technology leaders: PYPL, AAPL, HPQ, ENPH
Consumer Discretionary leader: ETSY, TSLA, POOL, AMZN
 
 
Advancers weakened on Monday as decliners led 1,872 to 1,409 on the NYSE and led 2,387 to 2,039 on the NASDAQ.
 
The SPY MFC green line is pointed up at 96 and is bullish.  SPY is an all-time closing high. 
 
 
Uptrend sectorsXLK, XLV, XLC, XLU, XLP, XLRE, XLF, XLY,
Neutral sectors:  XLI, XLB,
Down trend sectors: XLE,
 
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
 
70 of 100 NDX stocks closed higher on Monday.
 
73 NDX stocks are above their 30 DMA:  INTU, GOOGL, ILMN, SNPS, REGN, DXCM, ADBE, MSFT, TEAM, ISRG, CDNS, QCOM, SPLK, MELI, CDW, COST, VRSK, AMD, ALGN, CSCO, EXC, ASML, CMCSA, AEP, CTSH, XLNX, CHTR, SGEN, MCHP, CSX, FISV, MNST, GILD, WBA, BIIB, EBAY, CHKP, FAST, LULU, MRVL, NFLX, NVDA, AAPL, FB, FOXA, NXPI, TSLA, AVGO, EA, KLAC, TCOM, BKNG, HON, JD, OKTA, PDD, CRWD, AMAT, ANSS, CPRT, CTAS, DOCU, INTC, KDP, PAYX, TXN, VRTX, AMZN, IDXX, PYPL, QCOM, SWKS, VRSN, XEL,
 
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 7
AMZN, IDXX, PYPL, QCOM, SWKS, VRSN, XEL,
 
Moving Below 30 DMA = 1
MRNA,
 
 
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