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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 sectors: XLK, 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 Trend: Up
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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1 comment:
Thank you, Dave!
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