SPX Closes Lower as Breadth Weakens on Light Volume after Holiday Weekend...Real Estate, Consumer Discretionary, Utilities Lead Sectors...

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The SPX -8.91 opened slightly lower, traded in a narrow range and closed slightly lower on light volume.  NVDA +4.66, +0.98% recovered about half of Friday’s pullback.  NVDA is a bull flag price pattern in a channel.

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

SPY down .82 at 454.48 on 50.5 million shares, below average volume, closed lower on higher volume. 

VIX up .23 at 12.69, bounces up from 52-week low.

QQQ down .34 at 389.17

MMM, TRV, WMT, MSFT led the DJIA, 10 advancers, -17

DPZ, IP, CCI, STLD, ETSY led the SPX, 174 advancers 

MELI, TTD, ZM, PANW led the NDX, 33 advancers.

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

Up: 

Down:  QQQ, DIA, SPY, IWM,

Three of eleven sectors were higher on Monday, led by XLRE, XLY and XLU.

The SPY MFC green line is sideways at 96.9 and is short-term bullish.  SPY opened flat and closed flat.

Uptrend sectors:   XLC, XLK, XLF, XLY, XLE,

Neutral sectors:  XLI, XLB, XLV, XLU, XLRE,

Down trend sectors:  XLP,

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: Up a little

33 of 100 NDX stocks closed higher on Monday.

81 NDX stocks are above their 30 DMA:  FAST, MSFT, LULU, NFLX, DLTR, ORLY, INTC, AEP, AMZN, CEG, CRWD, CTAS, ROST, TMUS, ADBE, ASML, CDNS, DXCM, GEHC, KDP, KLAC, MDLZ, MELI, SNPS, AMD, AVGO, HON, META, MNST, MU, PEP, QCOM, SIRI, AAPL, AMAT, CPRT, EA, KHC, LRCX, NVDA, SBUX, COST, CSGP, PCAR, PDD, WDAY, ZS, BKNG, DDOG, INTU, MAR, MRVL, VRSK, ADI, ANSS, IDXX, ISRG, MCHP, PAYX, ABNB, CSX, CTSH, GFS, GOOGL, NXPI, ODFL, PYPL, TMUS, TXN, XEL, ZM, JD, WBD, ADP, ENPH, PANW, EBAY, EXC, MRNA, SGEN,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 3

ALGN, AZN, CMCSA,

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