SPX, NDX Close Higher, Form Hammer Candles...Technology, Consumer Discretionary, Financial Lead Sectors...

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The SPX +14.61, 5,475, opened higher, traded in a range, closed higher and formed a hammer.  The SPX closed above 5,400 for the thirteenth day.  The NDX +0.66% closed higher. 

NVDA +0.76, +0.62%, 124.30, formed a hammer candle pattern.  Morgan Stanley raises price target to $144 from $116. 

MU -0.01, -0.01%, opened lower, traded lower during the first 60 minutes, selling exhausted, buyers took control, MU re-broke out of horizontal resistance and formed a hammer.  Earnings were released after the close last Wednesday, 130.9 million shares traded Thursday, Friday and Monday, which is a minority of shares, at approximately 11.8%. This indicates that 88.2% of outstanding shares held by existing shareholders did not trade since earnings. A re-breakout setup.

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

SPY up 1.12 at 545.34, 40.2 million shares, below average volume.

VIX down .22 at 12.22

QQQ up 2.81 at 481.92

MRK, AAPL, BA, GS led the DJIA, 15 advancers,

TSLA, CEG, CRWD, AVGO led the SPX, 124 advancers 

TSLA, MDB, ZS, AAPL led the NDX, 42 advancers

Up:  QQQ, SPY, DIA,

Down: IWM,  

Four of eleven sectors were higher on Monday, led by XLK, XLY and XLF.

The SPY MFC green line turned up at 84.5 and is short-term bullish.

Uptrend sectors:  XLK, XLC, XLU, XLP, XLF, XLB, XLI, XLE,

Neutral sectors:  XLV, XLRE, XLY,

Down trend sectors: 

The 6-month intermediate trend is up.  The ten-day trend is up a little.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Sideways

42 of 100 NDX stocks closed higher on Monday.

57 NDX stocks are above their 30 DMA:  GOOGL, TSLA, COST, TTD, VRSK, AAPL, REGN, AMAT, BKNG, KLAC, NVDA, FANG, NFLX, SNPS, VRTX, ISRG, CHTR, TMUS, EA, ROST, HON, META, ROP, MSFT, AVGO, CRWD, LIN, LRCX, ZS, ILMN, CTAS, PANW, ORLY, ADSK, MAR, TSLA, ADBE, ABNB, KDP, AMGN, AMZN, BKR, CTSH, GILD, INTU, CSCO, DDOG, FANG, ARM, TEAM, BIIB, FTNT, CSX, INTC, ODFL, WDAY,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 4

CMCSA, CPRT, GFS, LIN,

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