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The DJIA, closed up 4 points at 24,819, led by strength in CVX, VZ, IBM, TRV and XOM.  Closing below 25,000 for the second time since Jan 31. 

Eight of eleven sectors were higher on Monday, led by materials XLB +3.15% and energy XLU +1.28%. 

SPY down .70 at 274.57 on 66.4 million shares, 24% above average volume. Down on higher volume.

VIX up .15 at 18.86

Oil down .51 at 52.85

TLT up .61 at 132.44 on 17.8 million shares. 

VZ +3.74%, CVX +1.88%, led the DJIA, 20 advancers, +19

NKTR +8.75%, CPRI +4.74% and FOSL +4.70%, led the SPX.

AMGN +3.40%, KHC +2.78%, MYL +2.32% and GILD +2.22% led the NDX.

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

Up: IWM, DIA,

Down: SPY, QQQ,

Breadth strengthened on Monday, as advancers led 1,903 to 1,002 on the NYSE and led 1,640 to 1,444 on the NASDAQ

The SPY MFC green line is pointed down at 5.9 and is short-term bearish. 

Uptrend sectors: XLP, XLRE, XLU, XLY,

Neutral sectors:  XLK, XLC, 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

38 of 100 NDX stocks closed higher on Monday.

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

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 3

AMD, MDLZ, WLTW,

Moving Below 30 DMA = 2

VRSN, WDAY,

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