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The SPX +26.56 opened lower, moved higher, traded in a range, rallied
during the last hour and closed higher. SPX,
IWM, SPY, QQQ and DIA each formed a bullish engulfing candle
pattern and closed above Friday’s high for a channel bounce.
/CL, GLD, TLT and TNX closed higher, while DXY moved lower.
SPY up 2.99 at 388.55, on 73.2 million shares, average volume, up on lower volume.
VIX down .54 at 25.76
QQQ up 1.73 at 291.05
NKE, AAPL, HD, AXP led the DJIA, 21 advancers, +7
WRK, GCI, MOS, PKG led the SPX, 381 advancers
ZS, DDOG, JD, CRWD led the NDX 68 advancers
The two-year trend term is up. The
one-year trend down.
Up: IWM, SPY, DIA, QQQ,
Down:
Nine of eleven sectors were higher on Monday, led by XLB, XLY and XLI.
Materials leaders: WRK, MOS, PKG, FCX
Consumer Discretionary leaders: GPS, LKQ, GM, LEN, ETSY
Industrials leaders: XYL, DOV, AAL, LUV
Advancers strengthened on Monday as advancers led 1,862 to 1,344 on the NYSE and decliners led 2,494 to 2,168 on the NASDAQ.
The SPY
MFC green line is pointed down at 9.7 and is short-term bearish. SPY opened lower, reversed and closed higher.
Uptrend sectors: XLY, XLU,
XLI, XLP, XLRE, XLF, XLV, XLK,
Neutral sectors: XLE, XLC, XLB,
Down trend sectors:
The 6-month intermediate
trend is down. The ten-day trend is down a little.
3-month Intermediate Term Market
Trend: Up a little
3-day Short Term Market Trend: Down
68 of 100 NDX stocks
closed higher on Monday
12
NDX stocks are above their 30 DMA: ROST,
PDD, GILD, LULU, ABNB, DXCM, SBUX, REGN, ZS, TSLA, NFLX, BIIB,
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 1
BIIB,
Moving Below 30 DMA = 0
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