© 2021
Monday was a light volume, narrow trading range day as QQQ closed
higher and SPY, DIA, IWM closed modestly lower.
SPY down .36 at 442.13, on 40.8 million shares, below average volume, down on lower volume.
VIX up .57 at 16.72
QQQ up .68, +0.18% at 368.73
WBA, PG, GS, BA led the DJIA, 10 advancers, -7
TSN, VTRS, MOS, NUE led the SPX, 176 advancers.
MRNA, NTES, PDD, PTON led the NDX, 38 advancers.
The two-year trend term is up. The one-year trend is up.
Up: QQQ,
Down: SPY, DIA, IWM,
SPY = BO
test, re-BO.
DIA = BO
test, re-BO setup.
QQQ = Re-BO
setup.
IWM =
Mid-channel pullback.
Three
of eleven
sectors were higher on Monday, led by XLV,
XLB and XLF.
Health Care leaders: MRNA,
VTRS, PFE, ILMN
Basic Materials leaders: MOS,
NUE, BLL, ALB
Financial leaders: BEN, SCHW, AIG, ALL
Advancers weakened on Monday as decliners led 2,038 to 1,253 on the NYSE and led 2,310 to 2,066 on the NASDAQ.
The SPY MFC green line
is pointed up at 95.6 and is bullish. SPY paused in a BO test and re-BO.
Uptrend sectors: XLRE, XLK, XLC, XLF, XLU, XLV, XLY,
XLP,
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 Trend: Up
38 of 100 NDX stocks
closed higher on Monday.
68 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, PEP, FAST,
CHKP, CTAS, AMD, ALGN, CSCO, EXC, MRVL, HON, ASML, AVGO, CMCSA, AEP,
CTSH, VRTX, XEL, AAL, AMAT, EA, KLAC, XLNX, NXPI, TSLA, TXN, ZM, CERN,
CHTR, LRCX, SGEN, MCHP, NVDA, MU, FB, MXIM, ZM, CSX, FOXA, BIIB, FISV, MNST, WDC,
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 0
Moving Below 30 DMA = 5
GILD, MAR,
ROST, SBUX, SIRI,
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