SPX Opens Flat, Choppy Range Closes Higher...Basic Materials, Technology, Financial Lead Sectors...Retails Sales Report Tue BMO...

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-SPX +12.20, opened flat, choppy trading range, closed higher.

-Traded in range following Fed comments from Bostic, Kashkari and Barkin.

-VIX up .09

-FSLR -10.10, -4.36%, pauses on BO test after 26% gain on Friday.

-Five Fed speakers on Tue: Mester, Bostic, Williams, Logan, Bostic.

-Retails Sales Tue 8:30 am ET.

-HD reports EPS Tue BMO and WMT Thu BMO. 

/CL, GLD and TNX closed higher, while DXY and TLT moved lower.

Mega caps NVDA, META, AMZN, MSFT rose and AAPL, GOOGL, TSLA fell.

SPY up 1.42 at 413.01, on 54.2 million shares, below average volume, up on lower volume.

VIX up .09 at 17.12.

QQQ up 1.76 at 326.79

INTC, AXP, WBA, BA led the DJIA, 19 advancers, +8

WDC, ZION, CMA, KEY led the SPX, 332 advancers

TEAM, JD, MU, ZS led the NDX, 73 advancers.

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

Up:  IWM, QQQ, SPY, DIA,  

Down:

Seven of eleven sectors were higher on Monday, led by XLB, XLK and XLF.

The SPY MFC green line turned down at 70.3 and is defensive.  SPY opened flat, traded in a choppy range and closed higher.

Uptrend sectors:   XLK, XLC, XLP, XLY, XLV,

Neutral sectors:  XLB, XLI, XLU, XLRE,

Down trend sectors: XLE, XLF,

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

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Sideways

73 of 100 NDX stocks closed higher on Monday.

53 NDX stock are above their 30 DMA:  AAPL, MDLZ, PEP, AMZN, CPRT, ISRG, VRTX, AZN, LULU, BIIB, MNST, KHC, ORLY, DLTR, CSX, FISV, CSGP, EBAY, MAR, MSFT, NVDA, CMCSA, CTAS, FAST, LRCX, META, VRSK, CTSH, DDOG, COST, DXCM, GOOG, GOOGL, AMD, CRWD, FTNT, PANW, ZS, NFLX, AMAT, ASML, IDXX, KLAC, MELI, OKTA, AVGO, PCAR, MRVL, ADSK, BKNG, JD, MU, ZM,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 5

ADSK, BKNG, JD, MU, ZM,

Moving Below 30 DMA = 0

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