SPX Continues to Grind with Nine Sectors Lower...

© 2018

The DJIA, closed down 126 points at 25,317, led by weakness in GS, UNH, CAT, UTX and AXP.  This is the seventy-first consecutive close above 25,000 since June 15.

Two of eleven sectors were higher, led by technology XLK +0.83% and discretionary XLY +0.40%.

SPY down 1.24 at 275.01, on 82.4 million shares, 12% below average volume. Down lower volume.

VIX down .25 at 19.64 

Oil down .02 at 69.52

TLT down .15 at 113.561 on 3.2 million shares. 

INTC +2.30%, NKE +0.93%, led the DJIA, 11 advancers, -6.

JEC +6.82%, AMD +5.79% and FOSL +4.66%, led the SPX.

MELI +3.87%, CTRP +2.51%, ADBE +2.46%, and JD +2.19, led the NDX.

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

Up: QQQ,

Down: IWM, SPY, DIA,

Breadth was similar on Monday, as decliners led 1,736 to 1,179 on the NYSE and led 1,744 to 1,270 on the NASDAQ

The SPY MFC green line is pointed up at 32 and is bullish.

Uptrend sectors:   XLU, XLV,

Neutral sectors:  XLE, XLP, XLK, XLY, XLI, XLF,

Down trend sectors: XLRE, XLC, XLB,

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

55 of 100 NDX stocks closed higher on Monday.

11 NDX stocks are above their 30 DMA.  ESRX, BMRN, FOXA, SBUX, WBA, QRTEA, HOLX, TMUS, NTES, ORLY, SHPG,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 3

NTES, ORLY, SHPG,

Moving Below 30 DMA = 5

CA, CHTR, CMCSA, DLTR, KHC,

Add Comments here