QQQ New all-time Closing High, SPY Pauses as DIA, IWM Move Lower...

 
© 2021
 
The SPX traded in a range and formed a spinning top candle, finished near unchanged while the NDX bounced and broke out of resistance to a new all-time closing high.
 
The NDX rallied with a six-week re-breakout.
 
Semiconductor stocks, SMH bounced with a short-term re-breakout. 
 
DJI -265.66, -0.62%, closed at 33,823.  GS, CAT, JPM and TRV were the largest point decliners on Thursday.
NDX +180.80, +1.29%, closed at 14,163.
SPX -1.84, -0.03%, closed at 4,221.
 
TSLA +1.94%, channel bounce continuation.
 
 
SPY = BO test, re-BO setup.
DIA = Pullback continuation, channel bounce setup.
QQQ = Bounce and BO to new all-time closing high.
IWM = Bull flag setup.
 
Seven of eleven sectors were higher on Thursday, led by XLK, XLV and XLU.
 
Technology leaders: ENPH, AMD XLNX, PAYC
Health Care leaders: DHR, TMO, ABMD, CTLT
Utilities leaders: NRG, AWK, NEE, LNT
 
SPY down .14 at 421.97, on 90.9 million shares, above average volume, down on higher volume. 
VIX down .40 at 17.75
 
MSFT, AAPL, V, PG led the DJIA, 12 advancers, +8
ENPH, DHR, PAYC, NVDA led the SPX, 179 advancers.
TEAM, AMD, MTCH, XLNX led the NDX, 69 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ,
Down: SPY, DIA, IWM,
 
Advancers were mixed on Thursday as decliners led 2,152 to 1,159 on the NYSE and led 2,379 to 1,899 on the NASDAQ.
 
The SPY MFC green line turned down at 92.3 and is counter-trend defensive.  SPY pulled back for a third day after an all-time closing high on Monday. 
 
 
Uptrend sectors:  XLRE, XLC, XLK, XLV, XLE, XLP, XLU, XLI, XLF, XLB,
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: Down a little
 
69 of 100 NDX stocks closed higher on Thursday.
 
69 NDX stocks are above their 30 DMA:  CERN, ALXN, TMUS, SGEN, PAYX, INTU, FB, MXIM, ADI, ADP, GOOGL, IDXX, ILMN, MRVL, ZM, NVDA, PTON, AMAT, ASML, AVGO, LRCX, SNPS, TXN, MRNA, PYPL, SIRI, AMD, EBAY, EXC, REGN, XLNX, DXCM, ADBE, BIIB, CHKP, DOCU, INTC, KLAC, LULU, MSFT, TEAM, ALGN, AMZN, ISRG, ANSS, CDNS, CMCSA, PEP, QCOM, SPLK, AAPL, CPRT, CTAS, MELI, SWKS, BKNG, CDW, MTCH, WDAY, INCY, CHTR, COST, JD, MDLZ, NFLX, OKTA, TSLA, VRSK, VRSN,
 
 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 9
CHTR, COST, JD, MDLZ, NFLX, OKTA, TSLA, VRSK, VRSN,
 
Moving Below 30 DMA = 7
CSCO, EA, FOXA, MAR, MCHP, NXPI, WDC,
 
 
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FOMC Rates Unchanged, SPX Closes Lower for Second Day...Futures Lower in Evening Trade...

 
© 2021

 
The SPX pulled back in the morning and become more volatile to the downside after the FOMC announced rates were unchanged and during its press conference. 
 
The NDX pulled back for a second day and is a re-breakout setup.
 
Semiconductor stocks, SMH pulled back for a second day on a short-term breakout test. 
 
DJI -265.66, -0.77%, closed at 34,033.  BA, MMM, HD and HON were the largest point decliners on Wednesday.
NDX -47.39, -0.34%, closed at 13,983.
SPX -22.89, -0.54%, closed at 4,223.
 
TSLA +0.92%, channel support bounce.
 
SPY = BO test, re-BO setup.
DIA = Pullback continuation.
QQQ = Bull flag setup.
IWM = Bull flag setup.
 
One of eleven sectors was higher on Wednesday, led by XLY, XLF and XLV.
 
Consumer Discretionary leaders: NCLH, CCL, LB, RCL
Financial leaders: SIVB, CMA, SCHW, STT
Health Care leaders: CNC, COO, MRK, HUM
 
SPY down 2.37 at 422.11, on 80.2 million shares, above average volume, down on higher volume. 
VIX up 1.13 at 18.15
 
MRK, JPM, AAPL, NKE led the DJIA, 4 advancers, -5
ENPH, OXY, CNC, SIVB led the SPX, 100 advancers.
SPLK, MELI, TEAM, DOCU led the NDX, 22 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up:
Down: IWM, QQQ, SPY, DIA,
 
Advancers were mixed on Wednesday as decliners led 1,926 to 1,265 on the NYSE and led 2,365 to 1,926 on the NASDAQ.
 
The SPY MFC green line turned down at 94.5 and is counter-trend defensive.  SPY pulled back for a second day after an all-time closing high on Monday. 
 
 
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: Down a little
 
22 of 100 NDX stocks closed higher on Wednesday.
 
 
67 NDX stocks are above their 30 DMA:  CERN, ALXN, TMUS, SGEN, CSCO, PAYX, INTU, WDC, 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, INTC, KLAC, LULU, MSFT, TEAM, ALGN, MAR, AMZN, FOXA, ISRG, ANSS, CDNS, CMCSA, NXPI, PEP, QCOM, SPLK, AAPL, CPRT, CTAS, MELI, SWKS, BKNG, CDW, MTCH, WDAY, INCY,

 
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 1
INCY,
 
Moving Below 30 DMA = 7
ATVI, CHTR, COST, GILD, MDLZ, MU, VRSN,
 
 
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SPX, NDX Pause as FOMC Begins 2-day Meeting...Announcement Wednesday at 2 pm ET...

 
© 2021
 
The SPX traded in a range on Tuesday, on the first day of the periodic FOMC meeting.  The FOMC announcement will be Wednesday at 2 pm ET.  No rate change is expected. The SPX paused after a new all-time closing high on Monday. 
 
The NDX did a breakout test today after Monday’s breakout and is a re-breakout setup.
 
Semiconductor stocks, SMH gave back early gains and made a short-term breakout test. 
 
DJI -94.42, -0.27%, closed at 34,299.  CRM, HD, JPM and DIS were the largest point decliners on Tuesday.
NDX -97.79, -0.69%, closed at 14,030.
SPX -8.56, -0.20%, closed at 4,246.
 
TSLA -2.97%, channel bounce down.
 
SPY = Breakout pause after new all-time closing high.
DIA = Re-breakout setup.
QQQ = Re-breakout setup.
IWM = pullback to bull flag support below all-time high.
 
Five of eleven sectors were higher on Tuesday, led by XLE, XLI and XLU.
 
Energy leaders: FANG, NOV, XOM, HFC
Industrials leaders: TXT, URI, FDX, GNRC
Utilities leaders: ES, NRG, EVRG, SO
 
SPY down .78 at 424.48, on 51.5 million shares, below average volume, down on higher volume. 
VIX up .63 at 17.02
 
CVX, AXP, TRV, BA led the DJIA, 9 advancers, -8
FANG, NOV, XOM, HFC led the SPX, 275 advancers.
MU, PCAR, CTAS, CSX led the NDX, 22 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up:
Down: SPY, DIA, IWM, QQQ,
 
Advancers weakened on Tuesday as decliners led 1,748 to 1,564 on the NYSE and led 2,725 to 1,635 on the NASDAQ.
 
The SPY MFC green line is up at 96 and is bullish.  SPY paused after an all-time closing high on Monday. 
 
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
 
22 of 100 NDX stocks closed higher on Tuesday.
 
 
73 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, NXPI, PEP, QCOM, SPLK, AAPL, CHTR, CPRT, CTAS, MELI, SWKS, BKNG, CDW, MTCH, WDAY, MU, VRSN,
 
 
 
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 2
MU, VRSN,
 
Moving Below 30 DMA = 7
ADSK, MNST, NTES, NFLX, SBUX, TSLA, WBA,
 
 
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QQQ Breaks Out to an All-time Closing High, SPY Makes Another All-time High...AAPL, FB, AMZN, MSFT, GOOGL Lead Techs Higher...

 
© 2021
 
SPX opened flat on Monday, pulled back to re-test its breakout of the May 7 high and rallied in the last 45 minutes of trading to close at a new all-time high.  NDX broke through 2-month resistance to close at a new all-time closing high.
 
Semiconductor stocks, SMH broke out of short-term resistance of the previous ten-day trading range. 
 
DJI -85.85, +0.25%, closed at 34,393.  GS, JPM, BA and HON were the largest point decliners on Monday.
NDX +129.90, +0.93%, closed at 14,128.
SPX +7.71, +0.18%, closed at 4,255.
 
TSLA +1.28%, channel bounce.
 
SPY = Breakout test, new all-time closing high.
DIA = forms hammer in a fifteen-day trading channel at support.
QQQ = Breakout to new all-time high.
IWM = pullback to bull flag support below all-time high.
 
Six of eleven sectors were higher on Monday, led by XLK, XLC and XLRE.
 
Technology leaders: ADBE, TER, CRM, AAPL
Communication Services leaders: GCI, NFLX, FB, EA
Real Estate leaders: WELL, VTR, PEAK, CCI
 
SPY up .95 at 425.26, on 42.3 million shares, below average volume, up on lower volume. 
VIX up .74 at 16.39
 
CRM, AAPL, MSFT, INTC led the DJIA, 10 advancers, -7
RMD, GCI, MKTX, TER led the SPX, 188 advancers.
MRVL, ADBE, MELI, TEAM led the NDX, 67 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, SPY,
Down: DIA, IWM,
 
Advancers weakened on Monday as decliners led 1,818 to 1,531 on the NYSE and led 2,338 to 2,045 on the NASDAQ.
 
The SPY MFC green line is up at 95.9 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
 
67 of 100 NDX stocks closed higher on Monday.
 
78 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, WBA, AAPL, CHTR, CPRT, CTAS, MELI, SBUX, SWKS, ADSK, BKNG, CDW, MTCH, NFLX, TSLA, WDAY,
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 7
ADSK, BKNG, CDW, MTCH, NFLX, TSLA, WDAY,
 
Moving Below 30 DMA = 1
VRSN,
 
 
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