SPX, NDX Close Higher...Energy, Technology, Utilities Lead Sectors...

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SPX +54.45, 6,066, closed higher as breadth strengthened with exchange advancers,  advancing sectors and technology stocks.  The DJI, 44,470, closed +0.38%, closed higher and formed a bullish harami.  NDX +1.24% opened and closed higher.

Fed Chair Powell will testify in his Semi-annual Monetary Policy report Tuesday before the Senate and Wednesday before the House.  CPI report released Wednesday BMO and the PPI report will be released Thursday BMO.

TSLA -10.89, -3.01%, closed below five-week horizontal support for the second day.

Monday EPS reactions: MCD +14.12, +4.80%,

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

SPY up 4.08 at 604.85, 50.7 million shares, average volume

VIX down .73 at 15.81

VIX1D down 4.86 at 11.29

QQQ up 6.33 at 529.25

MCD, NKE, NVDA, CVX led the DJIA, 18 advancers, +14

SMCI, ROK, WDC, APA, EL led the SPX, 286 advancers,

PLTR, AVGO, TTD, ADBE led the NDX, 77 advancers

Up: QQQ, SPY, IWM, DIA,

Down:

The SPY MFC green line turned up at 79.7 and is short-term bullish. +4.0.

Nine of eleven sectors were higher on Monday led by XLE, XLK and XLU.

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

Neutral sectors: XLE, XLRE, XLB, XLP, XLV,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Sideways

77 of 100 NDX stocks closed higher on Monday.

67 NDX stocks are above their 30 DMA:  CEG, BKR, KLAC, CDW, GEHC, ISRG, AEP, DXCM, ARM, EXC, PAYX, QCOM, AMGN, MELI, META, PDD, SNPS, ADP, AZN, LIN, SBUX, AMZN, APP, CSGP, CTAS, DASH, CRWD, FTNT, GILD, ORLY, ROP, VRSK, VRTX, ZS, ADSK, CTSH, MDB, NFLX, PLTR, TEAM, LULU, MAR, CCEP, COST, TMUS, WDAY, AXON, CSCO, AMAT, CPRT, IDXX, LRCX, XEL, PANW, ODFL, ABNB, BKNG, MDLZ, TTWO, ADBE, ASML, AVGO, CDNS, CSX, DDOG, MU, TTD,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 8   

ADBE, ASML, AVGO, CDNS, CSX, DDOG, MU, TTD,   

Moving Below 30 DMA = 4

ANSS, FAST, NXPI, REGN,

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