Monday, December 6, 2021

IWM, DIA Lead Rally...NCLH, UAL, RCL, CCL Lead SPX...Consumer Staples, Industrials Lead Sectors...

  
© 2021
 
 
Stocks opened higher and closed higher on Monday as IWM and DIA led.  The SPX closed at 4,591 +53.24, and the NDX closed at 15,846, +134.12.
 
 
SPY up 5.37 at 458.79, on 98.9 million shares, above average volume, up on lower volume.  
VIX down 3.49 at 27.18
QQQ up 2.72, +0.80% at 386.20
 
WBA, BA, INTC, V led the DJIA, 28 advancers, +13
NCLH, UAL, RCL, CCL led the SPX, 4.31 advancers.
BIDU, DOCU, MELI, TCOM led the NDX, 77 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, DIA, SPY, QQQ,
Down:
 
SPY = channel bounce setup
DIA = channel bounce
QQQ = channel bounce setup
IWM = channel bounce setup
 
All eleven sectors were higher on Monday, led by XLP, XLI and XLC.
 
Consumer Staples leaders: SYY, KR, WBA, KO
Industrials leaders: UAL, AAL, DAL, HWM
Communication Services leaders: LYV, TWTR, FB, DISH
 
Advancers strengthened on Monday as advancers led 2,524 to 861 on the NYSE and led 3,024 to 1,729 on the NASDAQ.
 
The SPY MFC green line is pointed down at 27.6 and is short term bearish.  SPY closed above Thursday’s close. 
 
 
Uptrend sectorsXLK, XLY, XLRE, XLE, XLF, XLV,
Neutral sectors:  XLP, XLU, XLB, XLI,
Down trend sectors: XLC,
 
The 6-month intermediate trend is up.  The ten-day trend is up.
 
3-month Intermediate Term Market Trend: Sideways
3-day Short Term Market TrendUp
 
77 of 100 NDX stocks closed higher on Monday.
 
40 NDX stocks are above their 30 DMA:  DLTR, VRSK, XLNX, AVGO, NVDA, AAPL, COST, INTU, QCOM, KLAC, NXPI, PTON, VRSN, LRCX, MCHP, MU, GILD, VRTX, ADP, CDW, CSCO, FAST, ORLY, SNPS, TXN, XEL, CSX, MRVL, PEP, AEP, AMGN, ANSS, CTAS, CTSH, FISV, INTC, MDLZ, SIRI, SBUX, WBA,
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 11
AEP, AMGN, ANSS, CTAS, CTSH, FISV, INTC, MDLZ, SIRI, SBUX, WBA,
 
Moving Below 30 DMA = 3
AMD, MRNA, REGN,
 
 
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