© 2023
The SPX +7.64 opened higher, traded in a range and closed slightly higher,
essentially a pause day after last week’s +5.85%
SPX gain.
There a seventeen Fed speakers scheduled this
week with Lisa Cook speaking at Live
Stream presentation at Duke University today.
Here is a link: https://duke.hosted.panopto.com/Panopto/Pages/Viewer.aspx?id=47d13dfc-a242-41b4-97b9-b0ad00dae493
Breadth weakened on Monday
but remained positive.
Monday EPS reactions:
CEG +7.66, +6.54%, ES +1.13, +2.04%,
Mega
caps NVDA, AAPL, MSFT, GOOGL, AMZN, META, rose
and TSLA fell on Monday.
SPY up 1.00 at 435.69 on 67.6 million
shares, below average volume, closed higher on lower volume.
VIX down .02 at 14.89,
a six-week closing low
QQQ up 1.50 at 369.21
AAPL, AMGN, MSFT, MRK led the DJIA, 16 advancers, -6
CEG, LLY, D, CNC, MOH led the SPX, 157 advancers
CEG, BKNG, VRTX, REGN, NVDA led the NDX, 40 advancers.
The two-year trend term is down a little. The
one-year trend is up.
Up: QQQ, SPY, DIA,
Down: IWM,
Four of eleven sectors were higher on Monday, led by XLV, XLK
and XLP.
The SPY
MFC green line is pointed up at 63.5 and is short-term bullish. SPY opened higher
and closed higher.
Uptrend sectors: XLE, XLC,
XLK,
Neutral sectors: XLF, XLY, XLI, XLB, XLV,
Down trend sectors: XLU, XLRE, XLP,
The 6-month intermediate
trend is up. The ten-day trend is up.
3-month Intermediate Term Market
Trend: Down
3-day Short Term Market Trend: Up
40 of 100 NDX stocks
closed higher on Monday.
60
NDX stocks are above their 30 DMA: FAST,
MSFT, FANG, GILD, LULU, NFLX, XEL, DLTR, ORLY, INTC, AEP, AMZN, CEG, CRWD, CTAS,
ROST, TMUS, ADBE, ASML, CDNS, DXCM, GEHC, KDP, KLAC, MDLZ, MELI, SNPS, VRTX, AMD,
AVGO, EXC, HON, META, MNST, MU, PEP, QCOM, SIRI, AAPL, AMAT, BKR, CPRT, EA,
KHC, LRCX, NVDA, SBUX, WBD, COST, CSGP, PCAR, PDD, TTD, WDAY, ZS, AMGN, BKNG, CSCO, CTSH, REGN,
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 5
AMGN, BKNG, CSCO, CTSH, REGN,
Moving Below 30 DMA = 5
CMCSA, IDXX, PYPL, SGEN, WBA,
Add Comments here:
No comments:
Post a Comment