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The SPX +21.37 opened slightly higher and traded to a new 52-week high. X, ETSY, UPST, ADBE, ORCL, AVGO and
FAS were among Monday’s leading gainers.
X +10.26, +26.09%, a $55 per share cash buyout offer from Nippon
Steel.
Mega caps META, AMZN, NVDA,
GOOGL, MSFT rose, and TSLA, AAPL fell on Monday.
SPY up 2.64 at 471.97 on 70.3 million
shares, near average volume, closed higher on lower volume.
VIX up .28 at 12.28
QQQ up 1.74 at 407.08
PG, WMT, AXP, MCD led the DJIA, 19 advancers, +5
ETSY, KR, HAS, DRI led the SPX, 289 advancers
COST, NFLX, META, AMZN led the NDX, 62 advancers.
The two-year trend term is sideways. The
one-year trend is up.
Up: SPY, QQQ, DIA, IWM,
Down:
Four of eleven sectors were higher on Monday, led by XLC,
XLY and XLP.
The SPY
MFC green line is sideways at 96.5 and is short-term bullish.
Uptrend sectors: XLC,
XLK, XLF, XLY, XLI, XLRE, XLB, XLE,
Neutral sectors: XLV, XLU,
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
62 of 100 NDX stocks
closed higher on Monday.
Annual reconstitution of the NDX occurred
before the open today, and ALGN, EBAY, ENPH, JD, LCID,
and ZM were removed, last week SGEN was removed.
CDW CCEP, DASH, MDB, ROP, SPLK and TTWO were added to the NDX.
92 NDX stocks are above their 30 DMA: FAST,
LULU, DLTR, INTC, AEP, AMZN, CRWD, CTAS, ROST, TMUS, ASML, DXCM, KDP, KLAC,
MDLZ, MELI, SNPS, AMD, HON, QCOM, AAPL, AMAT, EA, KHC, LRCX, COST, CSGP, PCAR,
PDD, WDAY, ZS, BKNG, DDOG, INTU, MAR, ADI, IDXX, ISRG, MCHP, PAYX, ABNB,
CSX, CTSH, NXPI, PYPL, TMUS, TXN, XEL, WBD, ADP, PANW, MRNA, ADSK, TEAM,
REGN, AMGN, GILD, ILMN, ON, BIIB, WBA, AVGO, CMCSA, NFLX, MRVL, MU, ANSS,
CDNS, FTNT, GEHC, GFS, MNST, SIRI, AZN, META, NVDA, VRTX, CSCO, MSFT, ODFL, CCEP, CDW, DASH, MDB, ROP,
SPLK, TTWO, BKR, FANG, GOOGL, PEP,
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 4
BKR, FANG, GOOGL, PEP,
Moving Below 30 DMA = 0
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