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SPX +36.18, 5,675,
opened flat after monthly Retail Sales came in less than expected but positive
and higher than January’s report. SPX
trended higher on Monday and closed higher.
Breadth strengthened moderately as index ETFs gained and volatility
continued to fall. Mega caps were weaker and institutional buying was generally
stronger than institutional selling with noticeable exceptions in TSLA
and NVDA where decliner net change capital was noticeably higher.
The DJI, 41,841 +0.85%, opened higher
and closed higher for a second day. NDX
+.55% opened
higher but lagged the other index ETFs due to mega cap weakness.
INTC +1.64, +6.82%, rose for
the third straight day after
naming Lip-Bu Tan as the new CEO last Thursday.
Mega caps BRK/B, TSM, AAPL, MSFT rose and META, AVGO, GOOGL, AMZN, NVDA, TSLA fell on Monday.
SPY up 4.34 at 567.15, 48.8 million
shares, below average volume
VIX down 1.26 at 20.51
QQQ up 3.11 at 482.77
NKE, WMT, UNH, MMM led the DJIA, 27 advancers, +3
ENPH, INTC, AES, GEV, DPZ led the SPX, 455 advancers,
INTC, PDD, LULU, APP led the NDX, 89 advancers
Up: IWM, DIA, SPY, QQQ,
Down:
The SPY
MFC green line turned up to 13.7 and is short-term bullish. +3.8.
All eleven sectors were
higher on Monday, with led by XLK, XLE and XLF.
Uptrend sectors: XLC, XLF, XLV,
Neutral sectors: XLP, XLY, XLI, XLU, XLRE, XLE,
Down trend sectors: XLK, XLB,
The 6-month intermediate trend is sideways. The ten-day
trend is down.
3-month Intermediate Term Market Trend: Down
3-day Short Term Market Trend: Up
89 of 100 NDX stocks closed higher on Monday.
31 NDX stocks are above their 30
DMA: CDW, ISRG, AEP, EXC, AMGN,
AZN, GILD, VRTX, MDLZ, MNST, EA, KDP, PDD, MU, INTC, CMCSA, CSGP,
FAST, INTU, KHC, ORLY, XEL, ASML, BIIB, CCEP, LIN, MELI, PEP, TMUS, TTWO, ZS,
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 9
ASML, BIIB, CCEP, LIN, MELI, PEP, TMUS, TTWO, ZS,
Moving Below 30 DMA = 0
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