NDX, SPX, DJI Fell on China Concerns with Extreme Breadth Weakness and High Volume...Consumer Staples Led Sectors and Consumer Staple Stocks led the DJI, SPX, NDX on Friday...

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SPX -182.60, 6,552, turned lower after the President posted regarding China’s trade hostility regarding Rare Earths minerals.  Breadth hit extreme weakness on Friday.  Government shutdown continued for a tenth day.  Consumer Staples led sectors, but its individual stocks also led the DJI, SPX and NDX.

A large selloff day in NDX and SPX, falling to mid-September support, on above average volume.  Broad market falls to most recent intermediate term horizontal support in September. Dave

NDX -3.49%, major pullback to September 25 support. 

DJI, 45,479, -1.90%, drop to September 10 support led by weakness in GS, UNH, MSFT, AMZN and IBM.

NVDA -9.41, -4.89%, breakout test pulled back to October 6 low.

AVGO -20.39, -5.91%, fell to September 30 support. 

ORCL -4.00, -1.35%, small pullback after channel bounce BO of 10-day grinder.

Mega caps BRK/B, GOOGL, MSFT, AAPL, META, NVDA, AMZN, TSLA, AVGO, TSM fell on Friday. 

SPY down -18.14 at 653.02, 159.4 million shares, above average volume, largest volume since April 10.

VIX up +5.23 at 21.66

QQQ down -21.20 at 589.50

MCD, KO, WMT led DJIA, 3 advancers, -7

PEP, AZO, ORLY, PM led SPX, 78 advancers,

PEP, ORLY, TMUS, TRI led NDX, 13 advancers.

Up:

Down: DIA, SPY, IWM, QQQ,

The SPY MFC green line turned down at 85.2, price action is counter-trend defensive. -8.9

One of eleven sectors was higher on Friday led by XLP, XLU and XLRE. 

Uptrend sectors: XLK, XLU, XLV, XLI, XLC, XLY, XLF, XLE,

Neutral sectors: XLB, XLRE,

Down trend sectors: XLP,

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

13 of 100 NDX stocks closed higher on Friday.

36 NDX stocks are above their 30 DMA: MNST, MU, INTC, PANW, TSLA, TTWO, ASML, LRCX, DDOG, DASH, WBD, ZS, MRVL, CRWD, CEG, PLTR, AMAT, FTNT, MRVL, NVDA, CSX, XEL, EA, EXC, AEP, VRTX, AMD, BIIB, AMGN, ARM, AZN, PYPL, TTD, GILD, NFLX, PEP,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 20

AAPL, AMZN, AVGO, BKR, COST, CSCO, FANG, GFS, GOOGL, KLAC, MAR, MCHP, MDB, MSFT, ON, PDD, QCOM, ROP, ROST, WDAY,

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