SPX, NDX Close Higher...Energy, Financial, Industrials Lead Sectors...Earnings Season: GS, BLK, Contines Tuesday...

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The SPX +15.87 5,631, opened higher, rallied to a new all-time intraday high, before pulling back to close at its second highest closes and its third close above 5,600. The NDX +0.27% also closed higher.  IWM and DIA made all-time new high close on Monday. 

Fed’s Powell did an interview with David Rubenstein and the market pulled back during the discussion. 

Earnings season’s continues this week with 46 SPX companies reporting.  BAC, MS, PGR, PNC, SCHW, STT and PNC report BMO and JBHT and OMC report AMC on Tuesday.

First day reaction: Q1

Positive:  GS, BK, FAST= 3

Neutral: BLK = 1

Negative:  WFC, C, JPM = 3

NVDA -0.84, -0.62%, 128.44, opened higher, traded in a range and closed slightly lower. 

AVGO +1.35, +0.80%, 1,71.42, continued to consolidate in a channel for a seventh day.  Its 10 for 1 split took effect Monday, July 15. 

TSLA +4.41, +1.78%, opened higher, closed lower forming a potential shooting star candle.

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

SPY up 1.54 at 561.53, 40.5 million shares, below average volume

VIX up .66 at 13.12

QQQ up 1.33 at 496.15

CAT, GS, JPM, AXP led the DJIA, 16 advancers, -6

FTI, AXON, PAYC, APA led the SPX, 280 advancers 

CHTR, FAST, BKR, FANG led the NDX, 57 advancers

Up:  IWM, DIA, SPY, QQQ,

Down:  

Six of eleven sectors were higher on Monday, led by XLE, XLF and XLI

The SPY MFC green line is pointed slightly down at 93.4 and is short-term bullish.

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

Neutral sectors:  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

57 of 100 NDX stocks closed higher on Monday.

72 NDX stocks are above their 30 DMA:  GOOGL, TSLA, TTD, VRSK, AAPL, REGN, AMAT, BKNG, KLAC, NVDA, FANG, SNPS, VRTX, ISRG, CHTR, TMUS, EA, ROST, HON, MSFT, AVGO, CRWD, LRCX, ZS, CTAS, PANW, ORLY, ADSK, MAR, TSLA, ADBE, AMGN, AMZN, BKR, GILD, INTU, DDOG, FANG, ARM, TEAM, CSX, INTC, ODFL, WDAY, AMD, ANSS, CPRT, GFS, ON, TXN, MRVL, NXPI, MELI, ADI, CEG, AEP, CTSH, GEHC, ILMN, ROP, CDW, CSCO, CSGP, CSX, FAST, MDB, LIN, ADP, CMCSA, FTNT, PAYX, QCOM,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 5

ADP, CMCSA, FTNT, PAYX, QCOM,   

Moving Below 30 DMA = 6

AZN, BIIB, CCEP, MNST, PDD, XEL,

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