SPX Pulls Back Following News on More China Tariffs...

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Six sectors were higher, led by real estate XLRE +0.57% and staples XLI +0.37%.

The DJIA, closed down 92 points at 26,062 led by weakness in AAPL, BA and MCD.  This is the forty-sixth consecutive close above 25,000 since June 15 and the third close above 26,000 since Feb 1.

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

Up:

Down: DIA, SPY, IWM, QQQ

Breadth weakened on Monday, as decliners led 1,732 to 1,139 on the NYSE and led 2,029 to 944 on the NASDAQ

The SPY MFC green line is pointed up in the upper zone at 84 bullish. 

Uptrend sectors:  XLU, XLV, XLP, XLY, XLK, XLRE, XLI,

Neutral sectors: XLF, XLE, XLB,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Sideways

16 of 100 NDX stocks closed higher on Monday.

49 NDX stocks are above their 30 DMA.  COST, AMGN, ISRG, CHKP, CA, ORLY, AAPL, QCOM, PCAR, ROST, XLNX, SBUX, CMCSA, ILMN, VRSK, SNPS, CSCO, PAYX, WDAY, DISH, FISV, ADP, TTWO, ESRX, REGN, ADSK, NVDA, ADBE,  INTU, ALGN, CHTR, SIRI, SYMC, AVGO, ULTA, MAR, HAS, HSIC, WBA, ATVI, NFLX, AAL, MDLZ, MSFT, TMUS, LBTYA, SHPG, QRTEA, HOLX,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 9

AMZN, CDNS, CTAS, CTSH, CTXS, IDXX, JBHT, PYPL, VRTX,

Intermediate-term trending stocks: 

ADBE, COST, DG, AAPL, AMZN, MA, V, AET, ISRG, PAYX, VRSN, COP, CRM, NTAP, RNG, SQ, UNH, NVDA, ALGN, CHGG, GRUB, TWLO, W, CDNS, PAYC, FISV, NDAQ, LPSN, PSTG, ZUMZ, WIX, SHAK, ETFC, EL, CME, KORS, A, WUBA,

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