Week 29 Monday Post Market Notes

It was a big up day for all the major markets:

Do note the VIX was up as well.

Overall volumes were low.

SPY RSI is above 70 only the 3rd time over the last 12 months.

DIA is up 6 straight days in a row.

SPX Sectors were mixed:

Interesting to see the divergence between XLK and XLC.

XLK MACD histogram turned positive.

XLE looks weak again down 3 days in a row.

Among other ETFs:

1. SMH MACD histogram turned positive again which is a reversal.

2. XBI could be turning bullish again.

3. FNGS MACD histogram turning positive again.

4. JETS MACD histogram has turned negative, and it could be turning bearish.

5. GLD and GDX could be headed higher although volume today was quite low.

6. UUP seems broken and headed down which could continue to be good for stocks and commodities.

7. FXI 10day crossed over 20day even though price fell today.

8. KWEB same as FXI.

9. BITO has turned bearish again.

10. XLV continues to trend bearish.

Among Stocks:

1. TSLA strong price momentum but MACD histogram remains negative. (Earnings Wednesday)

2. NVDA MACD histogram went back to positive.

3. GS just turned bullish.

4. ABT turned bearish.

5. EQT turned bearish.

6. ENPH trending bullish.

7. NFLX MACD histogram remains negative in divergence with its bullish trend. (Earnings Wednesday)

8. AAPM MACD histogram is still negative.

9. XOM has just turned bearish.

10. MSFT MACD histogram turned positive again.

11. GOOGL turned back to bullish.