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The SPX -10.58, 5243.77, opened
higher, after the PCE report was in-line with consensus on Friday, reversed lower into a
trading range as interest rates began to rise after the ISM Mfg. report was stronger than expected, and closed lower on Monday.
MU +6.41, +5.44% led
the NDX after B of A Securities raised its price target to $144 from
$120 today.
NVDA +0.07, +0.01%, 903.63, opened slightly lower, reversed, traded in a range and
closed slightly higher.
SOLV a spinoff from MMM
closed at 69.10 on its first day of trading.
On Tuesday GEV, a spinoff of GE will be added to the
S&P 500.
Mega caps GOOGL, META, MSFT,
NVDA, AMZN rose and TSLA, AAPL fell on Monday.
SPY down .91 at 522.16, on 62.4 million
shares, below average volume, closed lower on lower volume
VIX up .64 at 13.65
QQQ up .94 at 444.95
MMM, MSFT, CVX, INTC led the DJIA, 9 advancers, -10
WYNN, WDC, NRG, ANET led the SPX, 135 advancers
MU, MRVL, GOOGL, PDD led the NDX, 39 advancers
Up: QQQ,
Down: SPY, DIA, IWM,
Three of eleven sectors were up on Monday, led by XLC, XLE and
XLK
The SPY
MFC green line is pointed up at 91.0 and is short-term bullish.
Uptrend sectors: XLF, XLI,
XLC, XLE, XLB, XLK, XLV, XLP, XLY,
Neutral sectors: XLU, XLRE,
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: Up a little
39 of 100 NDX stocks
closed higher on Monday.
59 NDX stocks are above their 30
DMA: CTAS,
NVDA, AMZN, DASH, NFLX, ORLY, AMAT, CDW, FAST, KLAC, PCAR, ABNB, CEG, LIN, QCOM, FANG, EXC, CPRT, MU, CSGP, BKR, AZN,
DXCM, MCHP, MRNA, PYPL, MSFT, GOOGL, ISRG, ANSS, LRCX, MAR, PEP, ASML, CDNS,
HON, KHC, ROP, TTD, ADSK, CSCO, AVGO, BKNG, AMGN, KDP, ADI, AEP, GILD, INTC, MRVL, NXPI, TXN,
ODFL, TTWO, REGN, SNPS, VRTX, WBD,
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 4
REGN, SNPS, VRTX, WBD,
Moving Below 30 DMA = 10
ADP, CMCSA, GEHC, ILMN, MNST, PAYX,
ROST, TMUS, WBA, XEL,
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