SPX, NDX Lower Close after Friday's Strong Rally, DJI Tests Friday's NH Breakout...Energy, Communication Services Led Sectors...NVDA Reports EPS Wednesday AMC...

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SPX -27.59, 6,439, a modest 28% retracement of Friday’s 96-point rally and closed above Friday’s S-1 level.  SPY volume was 39% lower on Monday from Friday.  Breadth was weaker as advancers declined on the exchanges and in the indexes from Friday’s very high numbers.

NDX -0.31%, a bounce pause day remained above the HOLD in its bull flag bounce.

DJI, 45,282, -0.77%, BO test to Friday’s S-1 level with led by weakness in SHW, AMGN, TRV and HD.

NVDA +1.82, +1.02%, BO setup reports EPS Wednesday AMC.

AVGO +0.23, +0.08%, is a bull flag bounce continuation.

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

SPY down 2.84 at 642.47, 51.2 million shares, below average volume,

VIX up 0.57 at 14.79

QQQ down 1.65 at 570.32

NVDA, NKE, CVX led DJIA, 3 advancers, -22

DECK, WYNN, APA, STX led SPX, 99 advancers,

APP, TSLA, FANG, TTWO led NDX, 20 advancers,

Up:

Down: QQQ, SPY, DIA, IWM,

The SPY MFC green line turned flat at 78.5 (below 80), short-term bullish. -0.7

Two of eleven sectors were higher on Monday led by XLE, XLC and XLY. 

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

Neutral sectors: XLP, XLE, XLV, XLRE,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up a little

20 of 100 NDX stocks closed higher on Monday.

48 NDX stocks are above their 30 DMA: GOOGL, AEP, CDNS, FAST, PEP, ORLY, XEL, PDD, BKR, ROST, TMUS, APP, AZN, EA, VRTX, IDXX, LIN, AAPL, MNST, MU, CPRT, REGN, ASML, BIIB, INTC, NXPI, BKNG, EXC, ADI, TXN, CMCSA, ADBE, AMZN, FANG, GEHC, LRCX, MAR, MCHP, MELI, META, NVDA, ODFL, PANW, PCAR, QCOM, TSLA, TTWO, NFLX,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 1

NFLX,

Moving Below 30 DMA = 6

ADP, AXON, CSGP, GILD, KDP, KHC,

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