SPX Lower Open, Bounce, Close Higher...Energy, Basic Materials, Consumer Discretionary Lead Sectors...

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The SPX +17.38 opened lower, rallied into a trading range and closed higher.  The SPX closed at five-week support on August 18. 

Breadth was stronger and finished slightly negative on Monday.

QQQ and SPY opened lower bounced and closed higher forming a piercing line candle pattern.

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

SPY up 1.81 at 432.23, on 70.8 million shares, average volume, closed higher on lower volume. 

VIX down -.30 at 16.90

QQQ up 1.70 at 359.61

DOW, CVX, HON, WBA led the DJIA, 15 advancers, +13

SEE, STLD, CNC, TFC led the SPX, 299 advancers

GEHC, QCOM, ODFL, ISRG led the NDX, 64 advancers.

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

Up:  QQQ, IWM, SPY, DIA,

Down: 

Eight of eleven sectors were higher on Monday, led by XLE, XLB and XLY.

The SPY MFC green line is pointed down at 18.1 and is short-term bearish.  SPY opened lower and closed higher.

Uptrend sectors:   XLE, XLC, XLF,

Neutral sectors:  XLY, XLV, XLK, XLI, XLU 

Down trend sectors: XLB, XLRE, XLP,

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

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Down

64 of 100 NDX stocks closed higher on Monday.

23 NDX stocks are above their 30 DMA:  CEG, SGEN, VRSK, CTAS, MU, PDD, CRWD, AMGN, TMUS, CHTR, COST, GFS, HON, CSX, KHC, VRTX, XEL, META, PCAR, AZN, EBAY, FANG, REGN,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 4

AZN, EBAY, FANG, REGN,

Moving Below 30 DMA = 3

AEP, LULU, ZS,

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