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The SPX -15.99, 5218.19, opened
lower and traded in a narrow light volume range first day of a shortened 4-day
trading week forming a two-day bull flag pattern.
MU +6.92, +6.28% led
the NDX with a bull flag bounce following last week’s positive EPS
reaction.
NVDA +7.13, +0.76%, 950.02, opened slightly lower, rallied
from the open and closed higher.
Mega caps TSLA, NVDA, AMZN rose
and GOOGL, AAPL, META, MSFT fell on Monday.
SPY down 1.44 at 519.77, on 48.5 million
shares, below average volume, the lowest volume day of the past three months,
closed lower on lower volume
VIX up .13 at 13.19
QQQ down 1.62 at 444.76
DIS, AMGN, BA, VZ led the DJIA, 9 advancers, +3
SMCI, EMN, APA, IP led the SPX, 186 advancers
MU, DXCM, CEG, MRNA led the NDX, 30 advancers
Up: IWM,
Down: SPY, QQQ, DIA,
Three of eleven sectors were up on Monday, led by XLE, XLU and
XLB
The SPY
MFC green line is pointed up at 92.6 and is short-term bullish.
Uptrend sectors: XLF, XLI,
XLE, XLB, XLP, XLC, XLK, XLY, XLV,
Neutral sectors: XLRE, XLU,
Down trend sectors:
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: Sideways
30 of 100 NDX stocks
closed higher on Monday.
55 NDX stocks are above their 30
DMA: CTAS,
META, SPLK, NVDA, AMZN, DASH, NFLX, ORLY,
AMAT, CDW, FAST, KLAC, PCAR, ABNB, CEG, QCOM, FANG, AEP, CCEP, EXC, CPRT,
MU, CSGP, MNST, BKR, TXN, AZN, DXCM, MCHP, MRNA, CMCSA, PYPL, MSFT, GOOGL,
ISRG, ANSS, CRWD, LRCX, MAR, PEP, ASML, CDNS, HON, KHC, ROP, SNPS, TTD, ADSK,
CSCO, ODFL, AVGO, BKNG, AMGN, KDP,
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 2
AMGN, KDP,
Moving Below 30 DMA = 8
ADI, ADP, GEHC, ILMN, MDLZ, NXPI, REGN,
TTWO,
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