SPX Closes Slightly Higher in Bull Flag Pattern...Industrials, Health Care, Energy Leads Sectors...META Rises as Mega-Caps Pull Back...

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-Fed speak from Barr, Daly, Mester, Bostic on Monday.

-CPI report Wednesday 8:30 am ET.

-Earnings season starts with six SPX companies on Thursday.

-Breadth was stronger on Monday.

-AAPL -2.07, 188.61, 5-day bull flag.

-TSLA -4.82, -1.76%, breakout test and bull flag setup.

-Regional banks rallied: KRE +0.33, +0.80%, ZION +0.58, +2.00%.

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

SPY up 1.11 at 439.66, on 62.4 million shares, below average volume, up on lower volume.

VIX up .24 at 15.07

QQQ up .12 at 366.36,

INTC, AMGN, HD, WBA led the DJIA, 23 advancers, +15

WYNN, ENPH, MGM, RL led the SPX, 370 advancers

ZS, LCID, ENPH, IDXX led the NDX, 88 advancers.

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

Up:  IWM, DIA, SPY, QQQ,

Down:

Seven of eleven sectors were higher on Monday, led by XLI, XLV and XLE. 

The SPY MFC green line turned down at 90.3 and is counter-trend defensive.  SPY opened lower, traded in a yoyo range and closed higher in a five-day bull flag pullback.

Uptrend sectors:   XLK, XLC, XLY, XLI, XLF, XLB, XLRE, XLV, XLP,

Neutral sectors:  XLU, XLE,

Down trend sectors:

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

88 of 100 NDX stocks closed higher on Monday.

81 NDX stock are above their 30 DMA:  AAPL, AMZN, ISRG, CSGP, NVDA, CEG, META, VRSK, FTNT, NFLX, AMAT, AVGO, TSLA, WDAY, CSCO, ADBE, PANW, NXPI, COST, PDD, ATVI, BKR, CSX, DXCM, MCHP, ABNB, HON, PCAR, ALGN, SIRI, ADI, FAST, INTU, ROST, ODFL, IDXX, PYPL, ON, ORLY, DLTR, ADP, CHTR, CMCSA, EA, EXC, GFS, CTSH, DDOG, MAR, TMUS, WBD, LCID, AEP, GEHC, PAYX, KDP, BKNG, FANG, JD, ADSK, AMGN, ANSS, CDNS, CPRT, CRWD, CTAS, EBAY, ENPH, INTC, KLAC, LRCX, LULU, MRVL, PEP, QCOM, SBUX, SNPS, TEAM, TXN, VRTX, ZS,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 22

ADSK, AMGN, ANSS, CDNS, CPRT, CRWD, CTAS, EBAY, ENPH, INTC, KLAC, LRCX, LULU, MRVL, PEP, QCOM, SBUX, SNPS, TEAM, TXN, VRTX, ZS,

Moving Below 30 DMA = 1

MSFT,

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