NDX, SPX Closed Higher...Technology, Communication Services, Basic Materials Led Sectors...NVDA Led the DJI and MSTR Led the NDX...

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SPX +32.91, 5,974.  Gapped higher traded in a range.  Breadth weakened from Friday.  Fed speaker Lisa Cook’s comments added some early price fluctuation.

The DJI, 42,706, closed -0.06% higher.  NDX +01.09%, gapped above Friday’s high.

TSLA +0.61, +0.15%, gapped higher and pulled back slightly.

Wednesday FOMC minutes at 2 pm ET.  The NYSE and Nasdaq are closed Thursday, a day of mourning for former President Jimmy Carter who passed away last week.  Jobs report on Friday.

Mega caps TSM, META, NVDA, GOOGL, AVGO, AMZN, MSFT, AAPL, TSLA rose and BRK/B fell on Monday. 

SPY up 3.41 at 595.36, 47.5 million shares, average volume

VIX down 0.09 at 16.04,

VIX1D down 0.17 at 11.42,

QQQ up 5.96 at 524.36

NVDA, AMZN, MSFT, WMT led the DJIA, 14 advancers, -9  

MU, SMCI, TER, ALGN led the SPX, 230 advancers

MSTR, MU, ASML, KLAC led the NDX, 61 advancers

Up:  QQQ, SPY, IWM,  

Down:  DIA,

The SPY MFC green line turned up slightly at 30.1 and is short-term bullish. +0.3.

Five of eleven sectors were higher on Monday, led by XLK, XLC and XLB. 

Uptrend sectors:   XLK, XLY, XLC, XLF, XLI, XLU, XLP, XLRE,

Neutral sectors:  XLE,

Down trend sectors: XLB, XLV,

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

61 of 100 NDX stocks closed higher on Monday.

39 NDX stocks are above their 30 DMA:  MRVL, AMZN, LULU, AVGO, GOOGL PLTR, ROST, APP, CEG, DXCM, META, NVDA, ABNB, ARM, ASML, BKR, CRWD, DASH, EXC, FANG, FTNT, KLAC, LRCX, QCOM, TSLA, TTWO, ADI, AMAT, AZN, CDNS, CDW, GEHC, GFS, IDXX, ISRG, MU, MSTR, PYPL, WBD,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 13

ADI, AMAT, AZN, CDNS, CDW, GEHC, GFS, IDXX, ISRG, MU, MSTR, PYPL, WBD,

Moving Below 30 DMA = 0

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