SPX Bounces, Closes above the High of the Low Day...Technology, Consumer Discretionary, Communications Services Lead Sectors...PANW Leads SPX and NDX...

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The SPX +30.36 opened higher, trended higher and closed above the high of the low day after a four-day selloff.  PANW was the largest percentage gainer in both the SPX and NDX after a positive EPS reaction.  Mega caps led the rally higher with large institutional buying volume in NVDA and TSLA.

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

SPY up 2.84 at 439.34, on 68.6 million shares, below average volume, closed higher on lower volume.

VIX down .17 at 17.13

QQQ up 5.77 at 363.90

CRM, MSFT, INTC, AAPL led the DJIA, 13 advancers, -6

PANW, MRNA, NVDA, TSLA, AVGO, AMAT led the SPX, 225 advancers

PANW, MRNA, NVDA, TSLA led the NDX, 72 advancers.

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

Up:  QQQ, SPY,

Down:  DIA, IWM,

Five of eleven sectors were higher on Monday, led by XLK, XLY and XLC. 

The SPY MFC green line is pointed down at 15.4 and is short-term bearish.  SPY opened higher, trended up and closed higher.

Uptrend sectors:   XLE, XLV, XLC, XLF, XLI, XLY, XLB, XLK,

Neutral sectors:  XLRE, XLP, 

Down trend sectors: XLU,

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Sideways

72 of 100 NDX stocks closed higher on Monday.

28 NDX stocks are above their 30 DMA:  CEG, ROST, ADP, CHTR, CMCSA, MAR, BKNG, FANG, AMGN, KDP, CSCO, GOOGL, REGN, CTSH, TEAM, LULU, AMAT, AMZN, AZN, CRWD, KLAC, LRCX, NVDA, ODFL, ORLY, PANW, VRSK, VRTX,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 12

AMAT, AMZN, AZN, CRWD, KLAC, LRCX, NVDA, ODFL, ORLY, PANW, VRSK, VRTX,

Moving Below 30 DMA = 1

BKR,

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