SPX, DJI, NDX, RUT Closes Lower...Real Estate, Staples Lead Sectors...SPX, NDX Changes...

 
 
© 2021
 
 
SPX, DJI, NDX and RUT opened flat and closed lower.  SPX and SPY closed below Friday’s all-time closing highs.  The SPX closed at 4,668 -43.05, and the NDX closed at 16,082, -249.43.
 
 
SPX changes:
Dec 14 EPAM will replace KSU
Dec 20 SBNY, SEDG, FDS will replace LEG, HBI, WU
NDX changes:
Dec 20 ABNB, FTNT, PANW, ZS, DDOG, LCID will replace CDW, CERN, CHKP, FOXA, FOX, INCY, TCOM
 
 
SPY down 4.17 at 466.57, on 87.7 million shares, above average volume, down on higher volume.  
VIX up 1.62 at 20.31
QQQ down 5.75, -1.44% at 392.26
 
KO, WMT, JNJ, PG led the DJIA, 7 advancers, -14
MRNA, BMY, PFE, MKTX led the SPX, 180 advancers.
PTON, MRNA, INCY, CERN led the NDX, 33 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: 
Down: DIA, SPY, QQQ, IWM,
 
SPY = pullback from all-time closing high, BO setup
DIA = channel bounce pause
QQQ = channel bounce pause
IWM = channel bounce down
 
Four of eleven sectors were higher on Monday, led by XLRE, XLP, XLU and XLV.
 
Real Estate leaders: CCI, DLR, IRM, EQIX
Consumer Staples leaders: MKC, KO, KMB, KR
Utilities leaders: NRG, AWK, PEG, CMS
Health Care leaders: MRNA, BMY, PFE, INCY
 
Advancers weakened on Monday as decliners led 2,336 to 1,020 on the NYSE and led 3,363 to 1,304 on the NASDAQ.
 
The SPY MFC green line is pointed up at 78.6 and is bullish.  SPY is in a five narrow channel and pullback from an all-time closing high Friday. 
 
 
Uptrend sectors:  XLK, XLY, XLRE, XLE, XLB, XLI, XLF, XLV,
Neutral sectors:  XLP, XLU,
Down trend sectors: XLC,
 
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: Sideways
 
33 of 100 NDX stocks closed higher on Monday.
 
44 NDX stocks are above their 30 DMA:  DLTR, VRSK, AVGO, AAPL, COST, INTU, QCOM, NXPI, PTON, VRSN, LRCX, MCHP, MU, GILD, VRTX, ADP, CSCO, FAST, ORLY, SNPS, TXN, XEL, CSX, MRVL, PEP, AEP, AMGN, ANSS, CTAS, CTSH, FISV, SBUX, WBA, CERN, MNST, REGN, PCAR, CDNS, EXC, MDLZ, MSFT, PAYX, FB, INCY,
 
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 2
FB, INCY,
 
Moving Below 30 DMA = 10
ADI, ALGN, AMAT, CDW, GOOGL, INTC, KLAC, MAR, SWKS, XLNX,
 
 
Add Comments here: