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The SPX +62.63, 5,471, opened higher, closed higher, regained about 66% of Friday’s
selloff and formed a bullish harami candle pattern. VIX opened lower, closed lower.
The NDX +1.30%, opened higher, traded in a range closed higher
forming a bullish harami candle pattern.
NVDA +3.64, +3.54%, opened
higher and closed higher.
AVGO +3.82, +2.97%, rallied after Friday’s negative
earnings reaction after beating Q3 EPS and revenue estimates and inline
guidance.
After-hours:
ORCL +12.42,
+8.88%, positive reaction after better-than-expected Q1 results.
CPI report Wednesday BMO.
Mega caps NVDA, TSLA, AMZN,
MSFT, META, BRK/B rose and GOOGL fell on Monday.
SPY up 6.05 at 546.41, 40.4 million
shares, below average volume
VIX down 2.93 at 19.45
QQQ up 5.77 at 454.46
VZ, BA, TRV, AXP led the DJIA, 26 advancers, +21
SMCI, UAL, PAYC, DAY, DECK led the SPX, 418 advancers
ARM, SMCI, MRNA, MNST led the NDX, 84 advancers
Up: QQQ, DIA, SPY, IWM,
Down:
All eleven sectors were higher on Monday,
led by XLK, XLI and XLF.
The SPY MFC green line is
pointed down at 69.7 and is defensive.
Uptrend sectors: XLV, XLP,
XLRE, XLU, XLF, XLI, XLC, XLB, XLK,
Neutral sectors: XLY, XLE,
Down trend sectors:
The 6-month intermediate
trend is up. The ten-day trend is down.
3-month Intermediate Term Market
Trend: Up a little
3-day Short Term Market Trend: Down
84 of 100 NDX stocks
closed higher on Monday.
48 NDX stocks are above their 30
DMA: CTAS,
GILD, AEP, CTSH, ADP, PAYX, EXC, XEL, KHC, MDLZ, KDP, PYPL, DASH, MELI, ISRG, FTNT,
GEHC, COST, PANW, TTD, SBUX, ADSK, CCEP, NFLX, ADBE, CSCO, MRVL, ROP, ROST,
WDAY, TTWO, BKNG, CSGP, TEAM, MAR, VRSK, MDB, PEP, MNST, AMZN, CMCSA, FAST, IDXX,
LIN, PCAR, TMUS, TSLA, TXN,
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 9
AMZN, CMCSA, FAST, IDXX, LIN, PCAR, TMUS,
TSLA, TXN,
Moving Below 30 DMA = 1
LULU,
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