SPX Hits 3-month High after Lower Open and Breadth Narrows...Staples, Utilities, Discretionary Lead Sectors...HD, WMT EPS Tuesday...FOMC Minutes on Wednesday...

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The SPX +16.99 opened lower after China reported lower factory and retail sales data and closed higher at a new 3-month high.  DXY closed higher, while /CL, GLD, TLT and TNX moved lower.

Retail EPS from HD and WMT Tuesday BMO.

FOMC minutes will be released Wednesday at 2 pm ET.

SPY up 1.76 at 428.86, on 54.0 million shares, below average volume, up on lower volume. 

VIX up .42 at 19.95

QQQ up 2.67 at 333.06

V, DIS, PG, KO led the DJIA, 22 advancers, -7

TTWO, MRNA, TSLA, DXCM led the SPX, 293 advancers

ILMN, GILD, PDD, VRTX led the NDX 76 advancers

The two-year trend term is up.  The one-year trend down.

Up:  QQQ, DIA, SPY, IWM,

Down:  

Eight of eleven sectors were higher on Monday, led by XLP, XLU and XLY.

Consumer Staples leaders:  HSY, MNST, LW, PM  

Utilities leaders:  D, PEG, NRG, AEE

Consumer Discretionary leaders:  TSLA, ULTA, WHR, CMG

Advancers weakened on Monday as advancers led 1,618 to 1,581 on the NYSE and led 2,667 to 1,928 on the NASDAQ.

The SPY MFC green line is pointed up in the upper zone at 95.1 and is short-term bullish.  SPY opened lower and closed higher at a 3-month high.

Uptrend sectors:   XLK, XLY, XLU, XLRE, XLI,

Neutral sectors:   XLV, XLC, XLF, XLP,

Down trend sectors:  XLE, XLB,

The 6-month intermediate trend is down.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

76 of 100 NDX stocks closed higher on Monday

90 NDX stocks are above their 30 DMA:   MRNA, COST, DXCM, ORLY, KDP, PEP, VRSK, SIRI, VRSN, AAPL, CDNS, CPRT, IDXX, CTAS, QCOM, TSLA, ADI, ROST, SWKS, TXN, ALGN, AMZN, ATVI, FISV, ISRG, MCHP, MU, NFLX, NXPI, ODFL, SNPS, KLAC, SPLK, ABNB, ADBE, ADP, ADSK, AMAT, AMD, ANSS, ASML, AVGO, CSCO, CSX, EBAY, INTU, LRCX, MAR, MDLZ, MELI, MRVL, NVDA, PAYX, PCAR, PYPL, EA, ILMN, HON, AEP, EXC, XEL, TMUS, BKNG, CRWD, DOCU, GOOGL, LULU, MSFT, OKTA, TEAM, WBA, WDAY, FAST, CTSH, DDOG, ZS, BIIB, META, REGN, VRTX, AMGN, GILD, KHC, MU, PANW, CHTR, NTES, AZN, CMCSA, ZM,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 1

DLTR,

 

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