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The SPX pulled back for a third day, formed a hammer at a higher low and closed at 4,568 -52.62. The NDX closed near 3-week support at 15,627, -173.82. SPY and QQQ are up in after-hours trading after MU
+5.57, +6.79% and NKE +5.98, +3.81% rose on positive earnings reactions.
SPX changes today:
Dec 20 SBNY, SEDG, FDS replaced LEG, HBI, WU
NDX changes today:
Dec 20 ABNB, FTNT, PANW, ZS, DDOG, LCID replaced CDW, CERN,
CHKP, FOXA, FOX, INCY, TCOM
SPY down 4.89 at 454.98, on 107.1 million shares, above average volume, down on lower volume.
VIX up 1.30 at 22.87
QQQ down 4.22, -1.06% at 380.69
MRK, HD, WMT, PG led the DJIA, 6 advancers, +1
CCL, PFE, AAL, NCLH led the SPX, 78 advancers.
SGEN, EA, AVGO, NFLX led the NDX, 18 advancers.
The two-year trend term is up. The one-year trend is up.
Up:
Down: SPY, QQQ, DIA, IWM,
Two of
eleven
sectors were higher on Monday, led by XLU,
XLP and XLV.
Utilities leaders: D, AEP, EIX, DUK
Consumer Staples leaders: LW, KR, CLX, KMB
Health Care leaders: PFE,
DVA, ABBV, MRK
Advancers weakened on Monday as decliners led 2,716 to 653
on the NYSE and led 3,457 to 1,243
on the NASDAQ.
The SPY MFC green line
turned down at 57.4 and is defensive. SPY is a 3-day pullback making a
higher low in an ascending triangle.
Uptrend sectors: XLP, XLV, XLRE, XLU, XLK, XLB, XLY, XLE,
XLI, XLF,
Neutral sectors:
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: Down
18 of 100 NDX stocks
closed higher on Monday.
28 NDX stocks are above their 30
DMA: DLTR, AVGO, AAPL, COST, LRCX, MU, GILD, VRTX,
CSCO, FAST, ORLY, XEL, MRVL, PEP, AEP, AMGN, CTSH, WBA, MNST, MDLZ, TMUS,
KDP, MRNA, PAYX, SIRI, VRSN, FTNT, PANW,
Removed in annual
rebalance: CERN, CHKP, INCY, Added:
FTNT, PANW,
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 0
Moving Below 30 DMA = 7
ANSS, FB, FISV, ILMN, INTC, KHC,
MCHP,
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