RUT, DJI, SPX All-time New Highs...AMD Leads SPX, NDX after News...Basic Materials Lead Sectors after Infrastructure Bill Passes...

 
 
© 2021
 
 
SPX closes above 4,700 for the first time.  RUT, DJI, SPX opened higher and closed at all-time highs.
AMD soared on news that FB was using AMD chips in FB metaverse servers.  
 
 
Monday: RUT, DJIA, SPX all-time closing high
Tuesday: Powell speaks
Wednesday: CPI report BMO
 
 
SPX closed at 4,701, and NDX closed at 16,336.
 
SPY up .40 at 468.93, on 50.4 million shares, below average volume, up on lower volume.  
VIX up .74 at 17.22
QQQ down .54, -0.14% at 398.60
 
 
CAT, AXP, V, UNH led the DJIA, 16 advancers, -3
AMD, VTRS, FCX, VMX, HES led the SPX, 324 advancers.
AMD, XLNX, NVDA, CRWD led the NDX, 46 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, DIA, SPY,
Down: QQQ,
 
SPY = all-time closing high
DIA = all-time closing high
QQQ = pause day, after all-time closing high on Friday
IWM = all-time closing high
 
Six of eleven sectors were higher on Friday, led by XLB, XLE and XLV.
 
Basic Materials leaders: FCX, VMC, NUE, MLM
Energy leaders: HES, OXY, APA, SWN
Health Care leaders: VTRS, ALGN, MRNA, DHR
 
Advancers weakened on Monday as advancers led 1,838 to 1,497 on the NYSE and led 2,599 to 2,103 on the NASDAQ.
 
The SPY MFC green line is flat at 97.8 and is bullish.  SPY is a new all-time closing high. 
 
 
Uptrend sectors:  XLY, XLK, XLB, XLI, XLP, XLRE, XLE, XLF, XLV,
Neutral sectors:  XLC, XLU,
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
 
46 of 100 NDX stocks closed higher on Monday.
 
77 NDX stocks are above their 30 DMA:  NFLX, TSLA, MAR, SGEN, DLTR, PAYX, ADP, CSX, TEAM, CTAS, MRVL, NTES, PEP, VRSK, XLNX, SPLK, AMD, CRWD, MSFT, WDAY, ADSK, ANSS, AVGO, CPRT, CTSH, EXC, NVDA, AAPL, ADBE, COST, INTU, LULU, CDNS, DXCM, QCOM, AEP, ISRG, MDLZ, SNPS, CSCO, GOOGL, REGN, ASML, ADI, AMAT, CDW, HON, KDP, KLAC, NXPI, PTON, ROST, SIRI, CERN, OKTA, VRSN, ALGN, AMGN, KHC, LRCX, MCHP, MU, AMZN, INCY, TMUS, VRTX, WBA, BKNG, MELI, SBUX, DOCU, SWKS, TCOM,
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 3
DOCU, SWKS, TCOM,
 
 
Moving Below 30 DMA = 4
BIIB, EA, EBAY, MTCH,
 
 
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