Wide Range Day as BA Drops After Report of Lion Air Crash...

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The DJIA, closed down 245 points at 24,442, led by weakness in BA, IBM, AAPL, V and MSFT.  This is the fourth close below 25,000 since July 12.

The SPY formed a wide range day candle with shadows on the top and bottom.  SPY, DIA and QQQ remain in a MACD bullish divergence setup.

Five of eleven sectors were higher on Monday, strongest were real estate XLRE +1.65% and utilities XLU +1.41%.

SPY down 1.47 at 263.86, on 160.7 million shares, 43% above average volume. Down on lower volume.

VIX up .54 at 24.70 

Oil down .93 at 66.69

TLT down .26 at 114.73 on 7.6 million shares. 

VZ +1.75%, MRK +1.49%, led the DJIA, 15 advancers, +11.

RHT +45.38%, M +4.97% and BWA +3.97%, led the SPX.
CERN +5.13%, SHPG +3.34%, PEP +2.21%, and CMCSA +2.13% led the NDX.

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

Up: 

Down: IWM, SYP, DIA, QQQ,

Breadth strengthened on Monday, as decliners led 1,689 to 1,248 on the NYSE and led 1,808 to 1,235 on the NASDAQ

The SPY MFC green line is pointed down at 12 and is short-term bearish.

Uptrend sectors:   XLU, XLP,

Neutral sectors:  XLV, XLRE,

Down trend sectors: XLK, XLY, XLI, XLF, XLE, XLC, XLB,

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

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Down

40 of 100 NDX stocks closed higher on Monday.

11 NDX stocks are above their 30 DMA.  SBUX, WBA, CDNS, TSLA, PEP, XLNX, CA, ROST, CMCSA, DLTR, ULTA,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 3

CMCSA, DLTR, ULTA, 

Moving Below 30 DMA = 0

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