NDX, SPX, DJI Bounced Above Friday's Reversal Move as VIX Falls...Technology, Consumer Discretionary, Communication Services Led Sectors...PLTR, WDC, MU, NVDA Led Tech Stocks...

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SPX +103.63, 6,832, closed above 6,800.  Breadth strengthened on Monday as advancers and advancing capital increased significantly.  Government shutdown continued for the forty-first day.  The Senate passed a funding measure with 60 votes that now goes to the House for a vote. A step in the right direction.

SPY bull flag bounced above Friday’s hammer.  The visual evidence continues to indicate that the intermediate trend is more probable to continue rising.  Remember an uptrend is a series of higher highs and higher lows.  The four-week SPY trend is up.  The three- and six-month trends are up.  Dave

Earnings: There are 8 SPX earnings reports this week including CSCO on Wednesday and DIS, AMAT on Thursday. 

NDX +2.20%, bull flag bounce above Friday’s hammer. 

DJI, 47,368, +0.81%, bull flag bounce above Friday’s hammer, led by NVDA, GS and MSFT.

PLTR +15.68, +8.81%, re-breakout and WDC +11.26, +6.91%, all-time new high close.

NVDA +10.90, +5.79%, re-breakout and bull flag bounce.

AVGO +8.96, +2.56%, bull flag bounce.

ORCL +1.57, +0.66%, modest channel bounce close above the high of Friday’s doji.

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

SPY up +10.47 at 681.47, 75.1 million shares, average volume.

VIX down -1.48 at 17.60,

QQQ up +13.49 at 623.23

NVDA, MSFT, MMM, AMZN led DJIA, 20 advancers, +10

PLTR, WDC, ALB, MU led SPX, 314 advancers,

PLTR, MU, NVDA, APP led NDX, 73 advancers.

Up: QQQ, SPY, DIA, IWM

Down:

The SPY MFC green line is pointed down at 60.4, price-action bounced above the high of Friday’s hammer and is short-term bullish. -1.0

Eight of eleven sectors were higher on Monday led by XLK, XLY and XLC. 

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

Neutral sectors: XLB, XLRE,

Down trend sectors: XLP,

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up a little 

73 of 100 NDX stocks closed higher on Monday.

45 NDX stocks are above their 30 DMA: MU, LRCX, WBD, ZS, CRWD, AMAT, MRVL, EA, AEP, AMD, AMGN, AAPL, GOOGL, KLAC, ROST, CSCO, ISRG, BIIB, MDB, QCOM, CTSH, MRVL, PDD, AMZN, REGN, IDXX, MAR, PCAR, AZN, DDOG, BKR, CCEP, FANG, INTC, MNST, SBUX, TEAM, APP, ASML, AVGO, NVDA, PANW, PLTR, TSLA, VRTX,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 8

APP, ASML, AVGO, NVDA, PANW, PLTR, TSLA, VRTX,

Moving Below 30 DMA = 3

GILD, ODFL, XEL,

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