SPX/SPY Selloff & Volatility Jumps after Weak ISM PMI Data...

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The DJIA, closed down 343 points at 26,573 led by weakness in MMM, MCD, BA, GS and CAT.  Closing below 27,000 for the eighth straight day.

All eleven sectors were lower on Tuesday, led by utilities XLU -0.23% and staples XLP -0.26%.

SPY down 3.53 at 293.24 on 89.9 million shares, 32% above average volume.  Down on higher volume.

VIX up 2.32 at 18.56

Oil down .26 at 53.98

TLT up .18 at 143.26 on 16.8 million shares.

GLD up .76 at 139.63

V +1.33%, JNJ +0.47%, led the DJIA, 4 advancers, -15

MKC +6.81%, PM +2.50% and NKTR +1.18% led the SPX.
ULTA +6.12%, CTRP +1.88%, TSLA +1.59% and WYNN +1.10% led the NDX.

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

Up:

Down: QQQ, SPY, DIA, IWM,                        

Breadth weakened on Tuesday as decliners led 2,195 to 762 on the NYSE and led 2,368 to 730 on the NASDAQ

The SPX MFC green line is below 80 and is pointed down at 72 and is short-term defensive.

Uptrend sectors: XLU, XLRE, XLP, XLF, XLI, XLB, XLY, XLK, XLC,

Neutral sectors:  XLV, XLE,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

15 of 100 NDX stocks closed higher on Tuesday.

32 NDX stocks are above their 30 DMA:  CELG, KLAC, PEP, AAPL, ASML, LRCX, DLTR, AMAT, CTXS, INTC, NXPI, TXN, EXPE, LULU, MCHP, MXIM, NTAP, WBA, UAL, HAS, KHC, ILMN, ISRG, ORLY, ROST, XRAY, CTAS, TSLA, HSIC, ALGN, EA, NVDA, ULTA,  

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 1

ULTA,  

Moving Below 30 DMA = 18

ADI, ATVI, BIIB, CHKP, CSCO, CSX, FAST, GOOGL, JBHT, MDLZ, MNST, MSFT, NTES, PAYX, PCAR, SIRI, SWKS, TMUS,

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