Stocks Retreat Following Harsh Trade Talk...

© 2018

COST made another all-time high.

Stocks opened lower and sold off on heavy volume following harsh comments from the President on the need for trade barriers to come down.

SPY and IWM are in a bull flag price pattern.  

Other bull flags include:  AMD, ATVI, ALGN, CTRP, EA, FB, HD, TGT, TWTR, UNH. 

The DJIA, closed down 328 points at 24,252, led by strength in BA, MCD, GS, V, UNH, CAT and AAPL.

Two sectors were higher on Monday, led by utilities XLU +1.66% and staples XLP +0.50%.

SPY down 3.74 at 271.00, on 137.8 million shares, 91% above average volume. Down on higher volume

VIX up 3.56 at 17.33

Oil down 1.09 at 68.19

TLT up .27 at 120.80 on 8.3 million shares.

WMT +1.95%, AXP +1.35%, led the DJIA, 4 advancers.

CPB +9.40%, SCG +3.76% and FE +3.16%, led the SPX.

MDLZ +0.36%, COST +0.31%, KHC +0.17%, and AMGN +0.11%, led the NDX.

Intermediate and long term up trend intact.  3-day short term trend is down.

Up:

Down: SPY, DIA, IWM, QQQ,

Breadth weakened on Monday, as decliners led 2,232 to 690 on the NYSE and led 2,281 to 681on the NASDAQ

The SPY MFC green line is pointed down at 68, defensive. 

Uptrend sectors:  XLY, XLK, XLRE, XLE, XLV

Neutral sectors: XLF, XLI, XLB, XLU, XLP

Down trend sectors:

Intermediate-term trending stocks: 

RACE, ADBE, IBKR, ETFC, MA, V, ISRG, WIX, NDAQ, WYNN, VRSN, TAL, COP, CRM, NTAP, RNG, AA, WUBA, FCAU, NVDA, SQ, ALGN, AKAM, SHOP, EL

BA, MU, MAR, CMA, CME, ANET, HRS, KORS,

DLTR, WB, TPR,

7 of 100 NDX stocks closed higher on Monday.

46 NDX stocks are above their 30 DMA.  ADP, COST, CDNS, AMZN, FB, NFLX, ORLY, EXPE, FOXA, TTWO, ATVI, AAPL, ALGN, PAYX, ADI, EA, GOOGL, FISV, AMGN, ESRX, WBA, INCY, CTRP, IDXX, AVGO, KHC, REGN, ROST, TSLA, GILD, JD, CHTR, CMCSA, HAS, MDLZ, MNST, DISH, TMUS, HOLX, HSIC, NTES, WBA, CTSH, BMRN, ALXN, VRTX, LBTYA,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 17

ADSK, ASML, BIIB, CA, CSX, CTAS, ILMN, INTU, ISRG, JBHT, MSFT, MXIM, PYPL, QCOM, SIRI, STX, VRSK,

The 6-month intermediate and long-term trends are still up.  The three-month trend is sideways.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Down