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-SPX +6.54, open higher, closed above the HOLD.
-Financial sector continued buying support, XLF
+1.39%
-FRC +1.46, +11.81%, KRE +0.38, +0.87%, regional banks at
support.
-VIX closed .87 lower.
-Barr, Fed Vice
Chair of Supervision released prepared statement before
-Senate testimony tomorrow at 10 am ET.
-FTNT was a
horizontal breakout on Monday.
-META, PANW,
ORCL horizontal breakout setups.
/CL and TNX closed higher, while TLT, GLD and DXY moved
lower.
Mega caps TSLA, rose and AMZN, NVDA, AAPL, MSFT, META, GOOGL fell.
SPY up .74 at 396.49, on 74.0
million shares, below average volume, up on lower volume.
VIX down 1.14 at 20.60
QQQ down 2.13 at 308.76.
IBM, JPM, AXP, MRK led the DJIA, 22 advancers, +1
FRC, IFF, HPE, CMA led the SPX, 372 advancers
FANG, WBD, CPRT, CSX led the NDX, 46 advancers.
The two-year trend term is sideways. The
one-year trend down a little.
Up: IWM, DIA, SPY,
Down: QQQ,
Eight of eleven sectors were higher on Monday, led by XLE,
XLF and XLI.
The SPY
MFC green line is pointed up at 41.8 and is short-term bullish. SPY opened higher and closed higher.
Uptrend sectors: XLK, XLC,
XLY, XLB,
Neutral sectors: XLI, XLE, XLF, XLP, XLV, XLRE,
Down trend sectors: XLU,
The 6-month intermediate
trend is up a little. The ten-day trend is up.
3-month Intermediate Term Market
Trend: Up
3-day Short Term Market Trend: Up
46 of 100 NDX stocks
closed higher on Monday.
55 NDX stock are above their 30 DMA: META,
SGEN, ANSS, CDNS, NVDA, PANW,
FTNT, CRWD, AVGO, AMD, ATVI, OKTA, ODFL, VRSK,
AAPL, ILMN, AMAT, CSCO, INTC, MDLZ, MELI, MSFT, SNPS, GOOG, GOOGL, PEP, ADBE, AMZN,
CPRT, EA, GFS, INTU, ISRG, LRCX, TXN, VRTX, ASML, AZN, BKNG, MU, LULU, QCOM,
REGN, WDAY, AMGN, BIIB, COST, IDXX, MNST, NFLX, CTAS, DXCM, FAST, KDP, TMUS,
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 5
CTAS, DXCM, FAST, KDP, TMUS,
Moving Below 30 DMA = 1
ADI,
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