SPX Inches Higher to All-time Closing High...NDX Near Breakout to All-time High

 © 2021
 
SPX opened higher on Friday, pulled back to test its breakout of the May 7 high and rallied to close at a new all-time high.  NDX nearing breakout to new high after a two-month trading range.

 
Semiconductor stocks, SMH moved higher inching towards resistance in a ten-day trading range. 
 
DJI +13.36, +0.04%, closed at 34,479.  GS, HD, MCD and AXP were the largest point gainers on Friday.
NDX +37.92, +0.27%, closed at 13,998.
SPX +8.26, +0.19%, closed at 4,247.
 
TSLA -0.04%, in channel.
 
SPY = Breakout test, new all-time closing high.
DIA = Ten-day trading channel at support.
QQQ = Breakout setup to new all-time high.
IWM = Bull flag setup in a a channel.
 
Eight of eleven sectors were higher on Friday, led by XLF, XLK and XLY.
 
Financial leaders: NDAQ, MKTX, SCHW, RJF
Technology leaders: ENPH, NVDA, NOW, HPE
Consumer Discretionary leaders: VFC, PVH, TPR, GPS
 
SPY up .70 at 424.31, on 45.5 million shares, below average volume, up on lower volume. 
VIX down .45 at 15.65
 
AXP, GS, MCD, AAPL led the DJIA, 17 advancers, -3
GCI, VFC, PVH, TPR led the SPX, 3.48 advancers.
PTON, ZM, DOCU, LULU led the NDX, 68 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, QQQ, SPY, DIA,
Down:
 
Advancers strengthened on Friday as advancers led 2,186 to 1,127 on the NYSE and led 2,717 to 1,631 on the NASDAQ.
 
The SPY MFC green line is flat at 95.2 and is bullish.  SPY made another an all-time closing high. 
 
 
Uptrend sectors:  XLRE, XLC, XLE, XLV, XLK, XLF, XLI, XLP, XLB, XLU,
Neutral sectors:  XLY,
Down trend sectors:
 
The 6-month intermediate trend is up.  The ten-day trend is up.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up a little
 
68 of 100 NDX stocks closed higher on Friday.
 
72 NDX stocks are above their 30 DMA:  CERN, ALXN, MDLZ, TMUS, SGEN, CSCO, PAYX, INTU, WDC, ATVI, FB, MXIM, ADI, ADP, GOOGL, IDXX, ILMN, MRVL, ZM, NVDA, PTON, AMAT, ASML, AVGO, EA, LRCX, MCHP, SNPS, TXN, MRNA, PYPL, SIRI, AMD, EBAY, EXC, REGN, XLNX, DXCM, ADBE, BIIB, CHKP, DOCU, GILD, INTC, KLAC, LULU, MSFT, TEAM, ALGN, MAR, AMZN, FOXA, ISRG,
ANSS, CDNS, CMCSA, COST, MNST, NTES, NXPI, PEP, QCOM, SPLK, VRSN, WBA, AAPL, CHTR, CPRT, CTAS, MELI, SBUX, SWKS,
 
 
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 7
AAPL, CHTR, CPRT, CTAS, MELI, SBUX, SWKS,
 
 
Moving Below 30 DMA = 4
AMGN, BKNG, INCY, VRTX,
 
 
                                                                                                                 
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SPX, SPY Break Out to an All-time Closing High, NDX, QQQ Nearing All-time High...

 
 
© 2021
 
After rising just 0.54% over the prior eleven trading days and trading sideways at resistance for the last four days, the SPX finally had the buying power to break above its May 7 high and close at a new all-time high.
 
Semiconductor stocks, SMH opened flat and rose above Wednesday’s high in its nine-day trading range. 
 
DJI +19.10, +0.06%, closed at 34,466.  AMGN, CRM, MSFT and MCD were the largest point gainers on Thursday.
NDX +145.40, +1.05%, closed at 13,960.
SPX +19.63, +0.47%, closed at 4,239.
 
TSLA +1.89%, channel bounce.
 
SPY = Breakout, all-time closing high.
DIA = Ten-day trading channel at support.
QQQ = Channel bounce less than $3 from its all-time high.
IWM = Channel bounce down.
 
Seven of eleven sectors were higher on Thursday, led by XLV, XLRE and XLK.
 
Health Care leaders: ALGN, RMD, ILMN, PRGO
Real Estate leaders: PLD, DLR, AVB, EQR
Technology leaders: NOW, ENPH, ADBE, FFIV
 
SPY up 1.96 at 423.61, on 51.0 million shares, below average volume, up on higher volume. 
VIX down 1.79 at 16.10
 
WBA, MRK, AMGN, CSCO led the DJIA, 20 advancers, +13
NOW, ENPH RMD, ILMN led the SPX, 280 advancers.
ALGN, MELI, ADBE, ZM led the NDX, 82 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, SPY, DIA,
Down: IWM,
 
Advancers were mixed on Thursday as advancers led 1,767 to 1,557 on the NYSE and led 2,292 to 2,039 on the NASDAQ.
 
The SPY MFC green line is pointed up at 95.2 and is bullish.  SPY is a horizontal BO to an all-time closing high. 
 
 
Uptrend sectors:  XLRE, XLC, XLF, XLE, XLI, XLP, XLB, XLK, XLY, XLV, XLU,
Neutral sectors: 
Down trend sectors:
 
The 6-month intermediate trend is up.  The ten-day trend is up.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up a little
 
82 of 100 NDX stocks closed higher on Thursday.
 
69 NDX stocks are above their 30 DMA:  CERN, ALXN, MDLZ, TMUS, SGEN, CSCO, PAYX, INTU, WDC, ATVI, FB, MXIM, ADI, ADP, GOOGL, IDXX, ILMN, MRVL, ZM, NVDA, PTON, AMAT, ASML, AVGO, EA, LRCX, MCHP, SNPS, TXN, MRNA, PYPL, SIRI, AMD, EBAY, EXC, REGN, XLNX, DXCM, ADBE, BIIB, CHKP, DOCU, GILD, INCY, INTC, KLAC, LULU, MSFT, TEAM, ALGN, MAR, AMZN, FOXA, ISRG, VRTX, AMGN, ANSS, BKNG, CDNS, CMCSA, COST, MNST, NTES, NXPI, PEP, QCOM, SPLK, VRSN, WBA,
 
 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 14
AMGN, ANSS, BKNG, CDNS, CMCSA, COST, MNST, NTES, NXPI, PEP, QCOM, SPLK, VRSN, WBA,
 
 
Moving Below 30 DMA = 2
AAPL, PCAR,
 
                                                                                                                   
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SPX Continues to Grind at Resistance as VIX Rises Slightly...

 
DJI -152.68, -0.44%, closed at 34,447.  CAT, BA, HD and AXP were the largest point decliners on Wednesday.
NDX +4.08, +0.03%, closed at 13,814.
SPX -7.71, -0.18%, closed at 4,219.
 
TSLA -0.80%, channel bounce setup.
 
SPY = HBO setup.
DIA = BO test.
QQQ = BO test.
IWM = dark cloud cover at resistance.
 
Four of eleven sectors were higher on Wednesday, led by XLV, XLU and XLRE.
 
Health Care leaders: CTLT, REGN, BIIB, BMY
Utilities leaders: SRE, AEP, PPL, ES
Real Estate leaders: WY, ARE, PEAK, WELL
 
SPY down .63 at 421.65, on 48.3 million shares, below average volume, down on slightly higher volume. 
VIX up .82 at 17.89
 
MRK, JNJ, AMGN, IBM led the DJIA, 7 advancers, -6
CTLT, SRE, BMY, PFE led the SPX, 167 advancers.
REGN, BIIB, FOXA, MRNA led the NDX, 47 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ,
Down: SPY, DIA, IWM,
 
Advancers were mixed on Wednesday as decliners led 1,753 to 1,575 on the NYSE and led 2,292 to 1,995 on the NASDAQ.
 
The SPY MFC green line is pointed up at 91.9 and is bullish.  SPY is a horizontal BO setup. 
 
 
Uptrend sectors:  XLRE, XLC, XLF, XLE, XLI, XLP, XLB, XLK, XLY, XLV, XLU,
Neutral sectors: 
Down trend sectors:
 
The 6-month intermediate trend is up.  The ten-day trend is up.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Sideways
 
47 of 100 NDX stocks closed higher on Wednesday.
 
57 NDX stocks are above their 30 DMA:  CERN, ALXN, MDLZ, TMUS, SGEN, CSCO, PAYX, INTU, WDC, ATVI, FB, MXIM, ADI, ADP, GOOGL, IDXX, ILMN, MRVL, ZM, NVDA, PTON, AMAT, ASML, AVGO, EA, LRCX, MCHP, SNPS, TXN, MRNA, PYPL, SIRI, AMD, EBAY, EXC, REGN, XLNX, PCAR, DXCM, ADBE, BIIB, CHKP, DOCU, GILD, INCY, INTC, KLAC, LULU, MSFT, TEAM, ALGN, MAR, AAPL, AMZN, FOXA, ISRG, VRTX,
 
 
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 5
AAPL, AMZN, FOXA, ISRG, VRTX,
 
Moving Below 30 DMA = 9
CMCSA, CPRT, FAST, KHC, MNST, NTES, NXPI, PEP, QCOM,
                                                                                                                   
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IWM, QQQ Lead as SPY, DIA Pause on Monday...SPY Touches New High...

 
 
© 2021
 

 
DJI -30.42, -0.09%, closed at 34,599.  GS, CRM, PG and JNJ were the largest point decliners on Tuesday.
NDX +7.97, +0.06%, closed at 13,810.
SPX +0.74, +0.02%, closed at 4,227.
 
TSLA -0.25%, channel bounce setup.
 
SPY = HBO setup.
DIA = pullback at ST resistance.
QQQ = BO test.
IWM = intermediate term HBO setup.
 
Six of eleven sectors were higher on Tuesday, led by XLE, XLY and XLRE.
 
Energy leaders: FTI, FANG, XOM, SWN
Consumer Discretionary leaders: GPS, ULTA, DRI, AAP
Real Estate leaders: EQIX, IRM, CBRE, FRT
 
SPY up .09 at 422.28, on 47.1 million shares, below average volume, up on lower volume. 
VIX up .65 at 17.07
 
CVX, HON, IBM, AAPL led the DJIA, 13 advancers, +3
GNRC, NRG, ALB, LUMN led the SPX, 288 advancers.
SIRI, MRVL, MAR, AMZN led the NDX, 47 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, QQQ, SPY,
Down: DIA,
 
Advancers were mixed on Tuesday as advancers led 2,115 to 1,190 on the NYSE and led 2,643 to 1,657 on the NASDAQ.
 
The SPY MFC green line is pointed up at 90.98 and is bullish.  SPY is a horizontal BO setup. 
 
 
Uptrend sectors:  XLRE, XLC, XLF, XLE, XLI, XLP, XLB, XLK, XLY, XLV, XLU,
Neutral sectors: 
Down trend sectors:
 
The 6-month intermediate trend is up.  The ten-day trend is up.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up a little
 
47 of 100 NDX stocks closed higher on Tuesday.
 
61 NDX stocks are above their 30 DMA:  CERN, ALXN, MDLZ, KHC, PEP, TMUS, SGEN, CSCO, PAYX, INTU, WDC, NTES, ATVI, FB, MXIM, ADI, ADP, GOOGL, IDXX, ILMN, MRVL, NXPI, ZM, NVDA, PTON, AMAT, ASML, AVGO, CMCSA, EA, LRCX, MCHP, SNPS, TXN, MRNA, PYPL, SIRI, AMD, EBAY, EXC, REGN, XLNX, MAR, DXCM, MNST, ADBE, BIIB, CHKP, CPRT, DOCU, GILD, INCY, INTC, KLAC, LULU, MSFT, TEAM, ALGN, FAST, MAR, QCOM,
 
 
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 4
ALGN, FAST, MAR, QCOM,
 
Moving Below 30 DMA = 4
COST, JD, MU, WBA,
                                                                                                                   
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IWM, QQQ Rise as SPY, DIA Pause on Monday...SPY is a New High BO Setup...Real Estate Leads Sectors as Tech is Flat...

 

© 2021
 
SPX opened flat and pulled back during the first hour to Friday’s S1 level and building a support base before an afternoon rally to close at its third highest close ever, closing less than 6 points below its all-time closing high on May 7.    Semiconductor stocks SMH opened lower and near Friday’s S1 level. 
 
DJI -126.15, -0.36%, closed at 34,630.  UNH, CAT, GS and MMM were the largest point decliners on Monday.
NDX +32.12, +0.23%, closed at 13,802.
SPX -3.37, -0.10%, closed at 4,226.
 
TSLA +1.01%, channel bounce setup.
 
SPY = HBO setup.
DIA = pullback at ST resistance.
QQQ = HBO.
IWM = intermediate term HBO.
 
Four of eleven sectors were higher on Monday, led by XLRE, XLC and XLV.
 
Real Estate leaders: VNO, BXP, DLR, ARE
Communication Services leaders: FB, GCI, TWTR, GOOG
Health Care leaders: BIIB, LLY, CAH, ILMN
 
SPY down .41 at 422.19, on 51.5 million shares, below average volume, down on lower volume. 
VIX down 0.00 at 16.42
 
MSFT, BA, AXP, V led the DJIA, 10 advancers, -13
LLY, PENN, CAH, VNO led the SPX, 167 advancers.
BIIB, PTON, MRNA, MTCH led the NDX, 34 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, QQQ,
Down: SPY, DIA,
 
Advancers were mixed on Monday as advancers led 1,879 to 1,447 on the NYSE and led 2,785 to 1,512 on the NASDAQ.
 
The SPY MFC green line is pointed up at 88.6 and is bullish.  SPY is a HBO setup. 
 
 
Uptrend sectors:  XLRE, XLC, XLF, XLE, XLI, XLP, XLB, XLK, XLY, XLV, XLU,
Neutral sectors: 
Down trend sectors:
 
The 6-month intermediate trend is up.  The ten-day trend is up.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up a little
 
34 of 100 NDX stocks closed higher on Monday.
 
61 NDX stocks are above their 30 DMA:  COST, CERN, ALXN, MDLZ, KHC, PEP, TMUS, SGEN, CSCO, PAYX, INTU, WDC, NTES, ATVI, FB, MXIM, ADI, ADP, GOOGL, IDXX, ILMN, MRVL, NXPI, ZM, NVDA, PTON, AMAT, ASML, AVGO, CMCSA, EA, LRCX, MCHP, SNPS, TXN, MRNA, PYPL, SIRI, AMD, EBAY, EXC, REGN, XLNX, JD, MAR, DXCM, MNST, WBA, ADBE, BIIB, CHKP, CPRT, DOCU, GILD, INCY, INTC, KLAC, LULU, MSFT, MU, TEAM,
 
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 0
 
 
Moving Below 30 DMA = 7
ADSK, CHTR, CTAS, FAST, PDD, QCOM, TCOM,
                                                                                                                   
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