© 2021
IWM, DIA, SPY, each
pulled back on Monday and QQQ closed three cents higher as
earnings season enters week 4.
SPY down .92 at 437.59, on 58.7 million shares, average volume, down on lower volume.
VIX up 1.22 at 19.46
QQQ up .03, +0.01 at 364.60
GS, UNH, NKE, IBM led the DJIA, 7 advancers, -5
FTNT, RL, UAA, ETSY led the SPX, 205 advancers.
TSLA, NTES, AMD, PTON led the NDX, 49 advancers.
The two-year trend term is up. The one-year trend is up.
Up: QQQ,
Down: SPY, DIA, IWM,
SPY = re-BO
setup.
DIA = Pullback
at horizontal resistance.
QQQ = Bull
flag.
IWM = Channel
bounce pullback.
Five
of eleven
sectors were higher on Monday, led by XLU,
XLY and XLV.
Utilities leaders: NI, CMS, AWK, ES
Consumer Discretionary leaders: RL,
TSLA, UAA, ETSY
Health Care leaders: PFE, CNC, ANTM, BIIB
Advancers strengthened on Monday as decliners led 1,789 to 1,553 on the NYSE and advancers led 2,244 to 2,177 on the NASDAQ.
The SPY MFC green line
turned down at 90.4 and is counter-trend defensive.
SPY is a re-BO setup.
Uptrend sectors: XLV, XLY, XLK, XLRE, XLP, XLC,
Neutral sectors: XLU, XLI, XLF, 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 Trend: Sideways
49 of 100 NDX stocks
closed higher on Monday.
71 NDX stocks are above their 30 DMA: PAYX, INTU, GOOGL,
IDXX, ILMN, SNPS, MRNA, REGN, DXCM, ADBE, DOCU, LULU, MSFT, TEAM, ISRG, ANSS,
CDNS, QCOM, SPLK, AAPL, CPRT, MELI, ADSK, CDW, COST, ORLY, VRSK, ADP, GILD, PEP,
SBUX, FAST, CHKP, MNST, CTAS, AMD, ALGN, CSCO, EXC, MRVL, HON, ASML,
AVGO, CMCSA, FB, AEP, CTSH, EA, VRTX, XEL, AAL, MAR, AMAT, EA, KLAC,
XLNX, CSX, NXPI, TSLA, TXN, ZM, CERN, CHTR, LRCX, SGEN, MCHP, MDLZ, MTCH,
NVDA, PTON, SIRI, SWKS,
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 7
MCHP, MDLZ, MTCH, NVDA,
PTON, SIRI, SWKS,
Moving Below 30 DMA = 4
DLTR, FISV, OKTA, ROST,
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