NDX, SPX Close Higher as Breadth Strengthens...VIX Drops...Consumer Discretionary, Technology, Industrial Lead Sectors...TSLA Leads SPX, NDX...

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SPX +100.01, 5,767, opened higher, trended up and formed a large white candle.  The SPX has risen five of the last eight days and has risen 262 points from its low on March 13.

Breadth strengthened as exchange, index and mega cap advancers increased, net change advancing capital almost tripled, while VIX -1.80 fell to its lowest level in over a month.

The DJI, 42,583 +1.42%, opened higher and closed higher.  NDX +2.16% opened lower, reversed, formed a bullish engulfing candle.

TSLA +29.68, +11.93%, breakout 10-day resistance on above average volume.

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

SPY up 10.10 at 574.08, 58.7 million shares, near average volume,

VIX down 1.80 at 17.48

QQQ up 9.82 at 490.66

HD, AMZN, NVDA, AXP led the DJIA, 23 advancers, +9

TSLA, UAL, AMD, DECK led the SPX, 420 advancers,

TSLA, MSTR, APP, PLTR led the NDX, 89 advancers

Up: IWM, QQQ, SPY, DIA,

Down:

The SPY MFC green line pointed up to 26.2 and is short-term bullish. +2.2.

Ten of eleven sectors were higher on Monday, led by XLY, XLK and XLI. 

Uptrend sectors: XLC, XLF,

Neutral sectors: XLV, XLP, XLY, XLI, XLU, XLRE, XLE,

Down trend sectors: XLK, XLB,

The 6-month intermediate trend is sideways.  The ten-day trend is up.

3-month Intermediate Term Market Trend:  Down

3-day Short Term Market Trend:  Up

89 of 100 NDX stocks closed higher on Monday.

35 NDX stocks are above their 30 DMA: CDW, ISRG, EXC, AMGN, VRTX, MDLZ, MNST, EA, KDP, PDD, INTC, CMCSA, CSGP, INTU, ORLY, FANG, AMD, MSTR, TTWO, WBD, ZS, CHTR, HON, CDNS, MELI, ASML, AXON, BIIB, BKR, DASH, FAST, KLAC, MU, NFLX, PLTR,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 10

ASML, AXON, BIIB, BKR, DASH, FAST, KLAC, MU, NFLX, PLTR,

Moving Below 30 DMA = 2

AEP, CCEP,

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