QQQ, SPY New All-time Closing Highs...Energy, Technology Lead Sectors in Broad Rally...

 
 
© 2021
 
 
SPY, QQQ opened higher and trended higher on Monday to new all-time closing highs.  It was a broad rally for the second straight day with 8 of 11 sectors closing higher and XLK making an all-time closing high.  ADBE, ADSK, ASML, CDNS, CHTR, CMCSA, CSCO (21-year high), FAST, GOOGL, INTU, MXIM, NVDA, SNPS and TEAM also made new highs on Monday.
 
After hours, PANW +38.54, +10.34%, FLXS +1.28, +3.46%, RIOT +0.88, +2.46%, rise on positive earnings reactions.
 
 
SPY up 3.90 at 447.26, on 54.9 million shares, below average volume, up on lower volume.  
VIX down 1.41 at 17.15
QQQ up 5.50, +1.50% at 373.23
 
 
BA, CVX, INTC, CAT led the DJIA, 21 advancers, -4
APA, OXY, DVN, FANG led the SPX, 348 advancers.
MRNA, XLNX, NVDA, NTES led the NDX, 83 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, QQQ, SPY, DIA,
Down:
 
SPY = New high close
DIA = bull flag bounce
QQQ = New high close
IWM = channel bounce at support
 
Eight of eleven sectors were higher on Monday, led by XLE, XLK and XLY.
 
Energy leaders: APA, OXY, DVN, FANG
Technology leaders: XLNX, NVDA, MXIM, AMD
Consumer Discretionary leader: LVS, WYNN, NCLH, TPR, CZR
 
 
Advancers strengthened on Monday as advancers led 2,284 to 1,061 on the NYSE and led 3,315 to 1,197 on the NASDAQ.
 
The SPY MFC green line is pointed down at 81.7 and is counter-trend defensive.  SPY is a HBO. 
 
 
Uptrend sectors:  XLK, 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 Trend: Up
 
83 of 100 NDX stocks closed higher on Monday.
 
63 NDX stocks are above their 30 DMA:  PAYX, INTU, GOOGL, ILMN, SNPS, MRNA, REGN, DXCM, ADBE, MSFT, TEAM, ISRG, CDNS, QCOM, SPLK, MELI, ADSK, CDW, COST, VRSK, PEP, AMD, ALGN, CSCO, EXC, ASML, CMCSA, AEP, CTSH, XEL, XLNX, CHTR, SGEN, MCHP, CSX, FISV, MNST, DLTR, GILD, WBA, BIIB, EBAY, MXIM, ROST, ADI, ADP, CHKP, CTAS, FAST, LULU, MRVL, NFLX, NVDA, AAPL, ANSS, FB, FOXA, NXPI, TSLA, AVGO, EA, KLAC, TCOM, VRTX,
 
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 5
AVGO, EA, KLAC, TCOM, VRTX,
 
Moving Below 30 DMA = 3
IDXX, MDLZ, ORLY,
 
 
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