SPX Falls 94 Points to July Support Area...Sectors Shift Trend...

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The DJIA, closed down 831 points at 25,598, led by weakness in BA, AAPL, MMM, GS and UNH.  This is the sixty-third consecutive close above 25,000 since June 15 and first close below 26,000 after nineteen closes above.

All eleven sectors were lower, strongest were utilities XLU -0.55% and staples XLP -1.20%.

Uptrend sectors:   XLE, XLU, XLP, XLV,

Neutral sectors:  XLK, XLY, XLI, XLF, XLRE,

Down trend sectors: XLB, XLC,

SPY down 9.10 at 278.30, on 214.7 million shares, 194% above average volume. Down on higher volume.

VIX up 7.01 at 22.96 

Oil down 2.04 at 72.63

TLT down .31 at 113.49 on 15.2 million shares. 

MCD -0.86%, PG -0.92%, led the DJIA, 0 advancers, -13.

PRGO +1.94%, SJM +1.54% and GIS +1.50%, led the SPX.

DLTR +1.65%, VOD +1.21%, XRAY +0.42%, and SYMC -0.05%, led the NDX.

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

Up: 

Down: IWM, SPY, DIA, QQQ,

Breadth weakened on Wednesday, as decliners led 2,643 to 323 on the NYSE and decliners led 2,661 to 373 on the NASDAQ

The SPY MFC green line is below the upper zone pointed down at 32 is short-term bearish.

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: Up

3-day Short Term Market Trend: Down

3 of 100 NDX stocks closed higher on Wednesday.

7 NDX stocks are above their 30 DMA.  SBUX, ESRX, HSIC, WBA, HOLX, NTES, DLTR,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 1

DLTR,

Moving Below 30 DMA = 19

AAPL, ADP, ALXN, AMGN, AVGO, BMRN, CA, CHTR, CSX, FISV, FOXA, GILD, MELI, ORLY, ROST, TMUS, ULTA, VRSK, VRTX,

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