SPX, NDX Gap Up Close Significantly Higher after U.S. - China Trade Deal...Consumer Discretionary, Technology, Industrials Lead Sectors...

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SPX +184.28, 5,844, gapped up 147 points after positive developments from trade talks between the U.S. and China.  After initial profit taking the SPX closed higher than it opened and formed a white candle after breaking out of six-week horizontal resistance.    The DJI, 42,410 +2.81%, closed lower and NDX +4.02% broke out of six-week resistance and closed significantly higher. 

Breadth strengthened in every category and was significantly stronger.

Monday Insight: Remember market prices do NOT go straight up. The trend action is thrust, pause, trend, consolidate, inhale, exhale.  An uptrend is a series of higher highs that pull back to higher lows.  Stay in flow with the market, in flow, in flow with the market.  It’s okay that it fluctuates.  Trend has a higher probability than fluctuation.  You know when the sun goes down it does come back tomorrow.

TSLA +20.12, +6.75%, closed higher.

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

SPY up 18.65 at 582.99, 78.8 million shares, below average volume

VIX down 3.51 at 18.39, lowest close since March 26

QQQ up 19.88 at 507.85

AMZN, NKE, AAPL, MRK led the DJIA, 24 advancers, +11

NRG, SWK, ZBRA, MAS led the SPX, 408 advancers,

TTD, ODFL, MCHP, LRCX led the NDX, 88 advancers,

Up: QQQ, IWM, SPY, DIA,

Down:

The SPY MFC green line is pointed up at 89.2 and is short-term bullish. +2.8

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

Uptrend sectors: 

Neutral sectors: XLU, XLP, XLRE, XLF, XLC,

Down trend sectors: XLY, XLV, XLE, XLI, XLK, XLB,

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

3-month Intermediate Term Market Trend:  Sideways

3-day Short Term Market Trend:  Up

88 of 100 NDX stocks closed higher on Monday.

82 NDX stocks are above their 30 DMA: CPRT, COST, CRWD, CTAS, MNST, PLTR, ROST, EA, MSTR, MELI, NFLX, ADSK, AXON, BKNG, CDNS, IDXX, TTWO, CEG, INTU, ZS, ABNB, ADI, AMAT, ANSS, ARM, AVGO, DDOG, DXCM, ISRG, KLAC, LRCX, MAR, MCHP, MDB, MSFT, PANW, SNPS, TSLA, TTD, WDAY, CHTR, PYPL, CDW, ADBE, HON, NVDA, PAYX, VRSK, ADP, AMD, CTSH, GFS, AMZN, APP, CSCO, META, MU, NXPI, PDD, ROP, ON, CSX, GEHC, LULU, QCOM, TXN, INTC, LIN, MRVL, ODFL, WBD, DASH, FANG, AAPL, BIIB, CMCSA, FAST, FTNT, GOOGL, PCAR, SBUX, TEAM,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 9

AAPL, BIIB, CMCSA, FAST, FTNT, GOOGL, PCAR, SBUX, TEAM,

Moving Below 30 DMA = 2

CCEP, XEL,

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