SPX Breaks Oct, Nov, Dec Resistance/Support Area...

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The DJIA, closed down 354 points at 24,815, led by weakness in BA, GS, AAPL, IBM and VZ.  Closing below 25,000 for the first time since Jan 31.  

Two of eleven sectors were higher on Friday, led by real estate XLRE +0.83% and utilities XLU +0.47%. 

SPY down 3.76 at 275.27 on 86.8 million shares, 15% above average volume. Down on higher volume.

VIX up 1.41 at 18.71

Oil down 3.05 at 53.36

TLT up 1.63 at 131.83 on 18.9 million shares. 

MCD +0.10%, TRV -0.11%, led the DJIA, 1 advancers, -19

COO +3.96%, DISH +3.88% and NEM +3.12%, led the SPX.

DLTR +3.34%, ULTA +1.50%, TTWO +1.08% and LULU +1.06% led the NDX.

Long term up trend intact.  3-day short term trend is down.

Up:

Down: SPY, IWM, DIA, QQQ,

Breadth weakened on Friday, as decliners led 2,049 to 880 on the NYSE and led 2,367 to 731 on the NASDAQ

The SPY MFC green line is pointed down at 8 and is short-term bearish. 

Uptrend sectors: XLP, XLRE, XLU, XLY, XLK, XLC,

Neutral sectors:  XLI, XLF, XLB, XLE, XLV,

Down trend sectors:

The 6-month intermediate trend is up.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Down

13 of 100 NDX stocks closed higher on Friday.

21 NDX stocks are above their 30 DMA:  PAYX, CHKP, PEP, SBUX, NTES, ILMN, CERN, CTAS, WYNN, CHTR, IDXX, MNST, XRAY, TTWO, MELI, VRSN, WDAY, CELG, INTU, INCY, ORLY,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 1

ORLY,

Moving Below 30 DMA = 4

AMD, FISV, PYPL, TMUS,

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