© 2021
QQQ, SPY and DIA opened lower, rallied, reversed and closed lower on
an afternoon selloff on below average volume.
Earnings season starts Wednesday BMO on October 13 with JPM reporting.
FOMC minutes released Wednesday at 2 pm ET.
SPX closed at 4,361 and NDX closed at 14,713.
SPY down 3.17 at 434.69, on 65.2 million shares, below average volume, down on lower volume.
VIX up 1.23 at 20.00
QQQ down 2.77, -.77% at 358.39
HD, CRM, PG, KO led the DJIA, 6 advancers, -6
ENPH, MOS, WYNN, FCX led the SPX, 122 advancers.
CHKP, AMAT, TSLA, LRCX led the NDX, 13 advancers.
The two-year trend term is up. The one-year trend is up.
Up:
Down: IWM, SPY, DIA, QQQ,
SPY = MACD divergence bounce test
DIA = MACD divergence bounce test
QQQ = MACD divergence bounce test
IWM =
channel bounce down
Two of
eleven
sectors were higher, on Monday, led by XLRE,
XLB and XLP.
Real Estate leaders: WY, VNO, O, PSA
Basic Materials leaders: MOS, FCX, IP, WRK
Consumer Staples leaders: ADM,
HRL, PG, BF/B
Advancers weakened on Monday as decliners led 1,826 to 1,418
on the NYSE and led 2,781 to 1,677
on the NASDAQ.
The SPY MFC green line
is pointed up at 34.2 and is bullish. SPY is a MACD divergence bounce test.
Uptrend sectors: XLE, XLF, XLY, XLK, XLRE, XLC, XLV,
Neutral sectors: XLP, XLU, XLI, XLB,
Down trend sectors:
The 6-month intermediate trend is up. The
ten-day trend is down a little.
3-month Intermediate Term Market Trend: Sideways
3-day Short Term Market Trend: Sideways
13 of 100 NDX stocks
closed higher on Monday.
28 NDX stocks are above their 30 DMA: NFLX, TSLA, BKNG, MTCH, MAR, FOXA, SGEN, TCOM,
KHC, DLTR, PAYX, ADP, CSX, ORLY, TEAM, CTAS, MRVL, NTES, PEP, VRSK, EBAY, KDP,
XLNX, BIDU, EA, JD, SPLK, CHKP,
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 1
CHKP,
Moving Below 30 DMA = 1
TXN,
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