Expiration Friday Ends Mixed with DIA, IWM Higher and SPY, QQQ Lower...

 © 2021
 
 
The SPX opened higher, traded higher for the first 30 minutes before pulling back into a typical expiration Friday trading range.

  
SPX -3.26, -0.08%, closed at 4,155.                    
 
TSLA -1.01%, bounce at 3-month support.
 
SPY = channel bounce pause.
DIA = channel bounce continuation.
QQQ = channel bounce pause & breakout test.
IWM = channel bounce continuation.
 
Seven of eleven sectors were higher on Friday, led by XLF, XLU and XLI.
 
Financial leaders: STT, MS, SCHW, C
Utilities leaders: D, EVRG, SRE, ETR,
Industrials leaders: BA, CPRT, WAB, PWR
 
SPY down .34 at 414.94, on 76.5 million shares, average volume, down on lower volume. 
VIX down .52 at 20.15
 
BA, GS, JPM, CAT led the DJIA, 17 advancers, -7
F, LW, CNC, SWN led the SPX, 282 advancers.
EBAY, NVDA, CPRT, OKTA led the NDX, 33 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: DIA, IWM,
Down: SPY, QQQ,
 
Advancers weakened on Friday as advancers led 1,964 to 1,354 on the NYSE and led 2,383 to 1,835 on the NASDAQ.
 
The SPY MFC green line is turned down today, after one up at 51.8 and is defensive.  SPY is a channel bounce.  Price is still above May 12 and 19 short-term support.
 
 
 
Uptrend sectors:  XLF, XLP, XLB, XLE, XLRE, XLV, XLI, XLU, XLC, XLY, XLK,
Neutral sectors: 
Down trend sectors:
 
The 6-month intermediate trend 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
 
33 of 100 NDX stocks closed higher on Friday.
 
41 NDX stocks are above their 30 DMA:   ORLY, XEL, COST, CERN, VRSN, ALXN, CHTR, MDLZ, KHC, PEP, BIIB, GILD, TMUS, REGN, SGEN, CSCO, PAYX, WBA, EXC, INTU, WDC, TCOM, NTES, ATVI, FB, MXIM, ADI, ADP, AMGN, CPRT, FAST, GOOGL, IDXX, ILMN, MRVL, NXPI, ZM, ALGN, EBAY, NVDA, PTON,
 
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 4
ALGN, EBAY, NVDA, PTON,
 
 
Moving Below 30 DMA = 8                                                                  
ASML, EA, INCY, LRCX, MCHP, MRNA, PDD, VRTX,
 
 
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NDX, SPX Lead Market Bounce as Buyers Take Control after 3-day Selloff...XLK, XLC Lead Sectors for Second Day..

 
© 2021
 
 
The SPX opened higher, trended up all day and closed higher.   Semiconductor stocks were amongst the leaders for the second day in a row. 
 
 
DJI +188.11, +0.55%, closed at 34,084.  MSFT, AMGN, BA and AAPL were the largest point gainers on Thursday.
NDX +256.19, +1.94%, closed at 13,494.
SPX +43.44, +1.06%, closed at 4,159.               
 
TSLA +4.14%, bounce at 3-month support.
 
SPY = channel bounce.
DIA = channel bounce.
QQQ = channel bounce & breakout.
IWM = channel bounce.
 
Ten of eleven sectors were higher on Thursday, led by XLK, XLC and XLRE.
 
Technology leaders: ENPH, MXIM, AMAT, ADI
Communication Services leaders: VIAC, NWSA, TWTR, TTWO
Real Estate leaders: CBRE, IRM, CCI, O
 
SPY up 4.42 at 415.28, on 78.0 million shares, average volume, up on lower volume. 
VIX down 1.51 at 20.67
 
AAPL, BA, MSFT, AMGN led the DJIA, 24 advancers, +19
ENPH, HRL, VIAC, AMAT led the SPX, 353 advancers.
NTES, MRNA, ZM, MXIM led the NDX, 92 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, SPY, IWM, DIA,
Down:
 
Advancers strengthened on Thursday as advancers led 2,213 to 1,090 on the NYSE and led 3,038 to 1,254 on the NASDAQ.
 
The SPY MFC green line is turned up today at 55 and is bullish.  SPY is a channel bounce. 
 
 
 
Uptrend sectors:  XLF, XLP, XLB, XLE, XLRE, XLV, XLI, XLU, XLC, XLY, XLK,
Neutral sectors: 
Down trend sectors:
 
The 6-month intermediate trend is up.  The ten-day trend is down a little.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Sideways
 
92 of 100 NDX stocks closed higher on Thursday.
 
45 NDX stocks are above their 30 DMA:   ORLY, XEL, COST, CERN, VRSN, ALXN, CHTR, MDLZ, KHC, PEP, BIIB, GILD, TMUS, REGN, SGEN, CSCO, PAYX, WBA, EXC, INTU, WDC, TCOM, NTES, ATVI, FB, MXIM, ADI, ADP, AMGN, ASML, CPRT, EA, FAST, GOOGL, IDXX, ILMN, INCY, LRCX, MCHP, MRNA, MRVL, NXPI, PDD, VRTX, ZM,
 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 19
ADI, ADP, AMGN, ASML, CPRT, EA, FAST, GOOGL, IDXX, ILMN, INCY, LRCX, MCHP, MRNA, MRVL, NXPI, PDD, VRTX, ZM,
 
 
Moving Below 30 DMA = 0                                                                  
 
 
 
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NDX Opens Lower Rallies to Close Higher...SPX, DJI form a Hammer...Semis Lead Tech...

 
© 2021
 
 
The SPX opened lower and traded down to one week support where selling exhausted, buyers took control and formed a hammer on Wednesday.   Semiconductor stocks helped lift the QQQ.  Seven of the top 10 gainers were semiconductors led by ADI, MRVL, MXIM and KLAC.
 
 
DJI –164.62, -0.48%, closed at 33,896.  GS, BA, CVX and CAT were the largest point decliners on Wednesday.
NDX +20.29, +0.15%, closed at 13,237.
SPX -12.15, -0.29%, closed at 4,115.                 
 
TSLA -2.49%, opens at 3-month support.
 
SPY = channel bounce setup.
DIA = channel bounce setup.
QQQ = channel bounce setup.
IWM = channel bounce setup.
 
Two of eleven sectors were higher on Wednesday, led by XLK, XLC and XLU.
 
Technology leaders: ENPH, ADI, MXIM, KLAC
Communication Services leaders: TTWO, FB, ATVI, EA
Utilities leaders: EVRG, DTE, AWK, NEE
 
SPY down 1.08 at 410.86, on 106.4 million shares, above average volume, down on higher volume. 
VIX up 1.62 at 21.34
 
CRM, INTC, PG, MSFT led the DJIA, 5 advancers, +1
TTWO, ENPH, TGT, MCHP led the SPX, 202 advancers.
ADI, MRVL, MXIM, PDD led the NDX, 57 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ,
Down: SPY, DIA, IWM,
 
Advancers weakened on Wednesday as decliners led 1,170 to 2,139 on the NYSE and led 2,670 to 1,585 on the NASDAQ.
 
The SPY MFC green line is pointed down at 54 and is defensive.  SPY is a channel bounce setup at support. 
 
 
Uptrend sectors:  XLF, XLP, XLB, XLE, XLRE, XLV, XLI, XLU, XLC, XLY, XLK,
Neutral sectors: 
Down trend sectors:
 
The 6-month intermediate trend is up.  The ten-day trend is down.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Down
 
57 of 100 NDX stocks closed higher on Wednesday.
 
26 NDX stocks are above their 30 DMA:   ORLY, XEL, COST, CERN, VRSN, ALXN, CHTR, MDLZ, KHC, PEP, BIIB, GILD, TMUS, REGN, SGEN, CSCO, PAYX, WBA, EXC, INTU, WDC, TCOM, NTES, ATVI, FB, MXIM,
 
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 3
ATVI, FB, MXIM,
 
Moving Below 30 DMA = 4
ADP, AMGN, EBAY, FAST,
 
 
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Flat Open, Trading Range, Afternoon Selloff, Lower Close...

 
© 2021
 
 
The SPX opened flat and traded in a range until mid-afternoon, when it broke support and finished lower for the second straight day. 
 
 
DJI –267.13, -0.78%, closed at 34,060.  CAT, GS, HON and CVX were the largest point decliners on Tuesday.
NDX -95.23, -0.72%, closed at 13,217.
SPX -35.46, -0.85%, closed at 4,127.                 
 
TSLA +0.18%, small rally at six-week support.
 
SPY = channel bounce pause.
DIA = channel bounce pause.
QQQ = channel bounce pause.
IWM = channel bounce pause.
 
Two of eleven sectors were higher on Tuesday, led by XLRE, XLV and XLU.
 
Real Estate leaders: BXP, DLR, SBAC, ESS
Health Care leaders: CVS, ABMD, CERN, ILMN
Utilities leaders: LNT, EXC, ATO, AEE
 
SPY down 3.58 at 416.58, on 59.8 million shares, below average volume, down on lower volume. 
VIX up 1.62 at 21.34
 
WMT, UNH, MCD, JNJ led the DJIA, 4 advancers, -9
CVS, VIAC, ENPH, LYV led the SPX, 202 advancers.
PDD, NTES, PTON, JD led the NDX, 31 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up:
Down: QQQ, DIA, IWM, SPY,
 
Advancers weakened on Tuesday as decliners led 1,798 to 1,523 on the NYSE and advancers led 2,155 to 2,080 on the NASDAQ.
 
The SPY MFC green line is pointed down at 55 and is defensive.  SPY is a channel bounce pause. 
 
 
Uptrend sectors:  XLB, XLF, XLI, XLP, XLV, XLE, XLRE, XLC, XLY, XLU, XLK,
Neutral sectors: 
Down trend sectors:
 
The 6-month intermediate trend is up.  The ten-day trend is sideways.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up a little
 
31 of 100 NDX stocks closed higher on Tuesday.
 
27 NDX stocks are above their 30 DMA:   ORLY, XEL, FAST, COST, CERN, VRSN, ALXN, CHTR, MDLZ, KHC, PEP, BIIB, GILD, TMUS, AMGN, REGN, SGEN, ADP, CSCO, PAYX, WBA, EXC, INTU, WDC, EBAY, TCOM, NTES,
 
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 1
NTES,  
 
Moving Below 30 DMA = 9
CMCSA, CPRT, CSX, CTAS, FB, PCAR, GOOGL, ROST, VRTX,
 
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Lower Open & Close as SPX, NDX, DJI Trade in Range... IWM Opens Lower / Closes Slightly Higher...

 
Futures opened lower and traded in a slightly lower range on Monday. 
 
 
DJI -54.34, -0.16%, closed at 34,327.  HD, DIS, MSFT and CRM were the largest point decliners on Monday.
NDX -80.21, -0.60%, closed at 13,312.
SPX -10.56, -0.25%, closed at 4,163.                 
 
TSLA +3.16%, rally to six-week support.
 
SPY = channel bounce pause.
DIA = channel bounce pause.
QQQ = channel bounce pause.
IWM = channel bounce continuation.
 
Four of eleven sectors were higher on Monday, led by XLE, XLB and XLF.
 
Energy leaders: SWN, OXY, BKR, MRO
Basic Materials leaders: NEM, FCX, NUE, DD
Financial leaders: WFC, COF, C, DFS
 
SPY down 1.06 at 416.58, on 65.1 million shares, below average volume, down on lower volume. 
VIX up .91 at 19.72
 
MRK, DOW, CVX, WBA led the DJIA, 13 advancers, -12
SWN, STX, OXY, BKR led the SPX, 202 advancers.
WDC, TCOM, BIDU, AMZN led the NDX, 24 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM,
Down: DIA, SPY, QQQ,
 
Advancers weakened on Monday as advancers led 1,753 to 1,579 on the NYSE and led 2,206 to 2,078 on the NASDAQ.
 
The SPY MFC green line is pointed down at 60.9 and is defensive.  SPY is a channel bounce pause. 
 
 
Uptrend sectors:  XLB, XLF, XLI, XLP, XLV, XLE, XLRE, XLC, XLY, XLU, XLK,
Neutral sectors: 
Down trend sectors:
 
The 6-month intermediate trend is up.  The ten-day trend is sideways.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up
 
24 of 100 NDX stocks closed higher on Monday.
 
35 NDX stocks are above their 30 DMA:   ORLY, XEL, FAST, COST, CERN, VRSN, ALXN, CHTR, MDLZ, CMCSA, KHC, PEP, BIIB, GILD, TMUS, AMGN, REGN, SGEN, ADP, CSCO, CSX, CTAS, PAYX, PCAR, WBA, CPRT, EXC, FB, INTU, ROST, VRTX, WDC, EBAY, GOOGL, TCOM,
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 3
EBAY, GOOGL, TCOM,
 
Moving Below 30 DMA = 5
ASML, CHKP, IDXX, ISRG, MRNA,
 
 
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