NDX Rallies to All-time Closing High...RUT, DJI, SPX Closed Higher...Basic Materials, Industrials, Financial Led Sectors...Week Two Earnings Season...

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SPX +71.12, 6,735, closed back above 6,700 and makes it third highest close ever.  Breadth strengthened and advancers led decliners on the NYSE and NASDAQ exchanges.  Government shutdown continued for the twentieth day.  Comments from the WH Economic Council Director indicated that the government shutdown could end this week.

DGX, DHR, EFX, ELV, GE, GM, GPC, HAL, KO, LMT, MMM, NDAQ, NOC, PCAR, PHM, PM, PNR, RTX report EPS before the open on Tuesday.  CB, COF, EQT, ISRG, NFLX, OMC, TXN report after market close.

The rally breaks out of a five-day trading range and is 19-points from it all-time closing high.  The four-week SPY trend is sideways, and the three- and six-month trends are up.  Dave

NDX +1.30%, new all-time closing high. 

DJI, 46,706, +1.12%, bounce continuation led by GS, CRM and AAPL.

NVDA -0.58, -0.32%, formed spinning top candle.

AVGO -0.09, -0.03%, opened higher closed slightly lower. 

ORCL -14.13, -4.85%, price action falls to support.

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

SPY up 6.91 at 671.30, 60.4 million shares, below average volume.

VIX down -2.55 at 18.23,

QQQ up 7.61 at 611.54

CRM, AAPL, UNH, BA led DJIA, 25 advancers, +3

EXE, SMCI, MRNA, J led SPX, 412 advancers,

TTD, TEAM, ON, KLAC led NDX, 86 advancers.

Up: IWM, QQQ, DIA, SPY,

Down:

The SPY MFC green line turned up at 71.8, price action closed above last weeks trading range and is short-term bullish. +3.6

Nine of eleven sectors were higher on Monday led by XLB, XLI and XLF. 

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

Neutral sectors: XLB, XLRE,

Down trend sectors: XLP,

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

86 of 100 NDX stocks closed higher on Monday.

61 NDX stocks are above their 30 DMA: MNST, MU, INTC, PANW, TSLA, TTWO, ASML, LRCX, DDOG, WBD, ZS, MRVL, CRWD, CEG, PLTR, AMAT, FTNT, MRVL, CSX, XEL, EA, EXC, AEP, VRTX, AMD, AMGN, ARM, AZN, TTD, GILD, PEP, AAPL, AVGO, GFS, GOOGL, KLAC, ON, ROST, ABNB, CSCO, KDP, MCHP, CCEP, NVDA, SBUX, ISRG, MDLZ, MSFT, REGN, ADI, BIIB, GEHC, IDXX, LULU, MDB, NFLX, PDD, PYPL, QCOM, TRI, WDAY,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 12

ADI, BIIB, GEHC, IDXX, LULU, MDB, NFLX, PDD, PYPL, QCOM, TRI, WDAY,

Moving Below 30 DMA = 0

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