Investors Mull Concerns Over China...FED Rate Hikes...Stocks End Lower...DJIA Close August With Largest Monthly Loss In 5 Years...JCP Upgraded...

Only one sector moved higher on Monday… XLE moved higher.  The weakest sectors were XLK, XLU, and XLU.

Breadth weakened as decliners led advancers 1.27 to 1 on the NYSE and 1.04 to 1 on the NASDAQ.

Monday – weakened, decliners led

Friday – weakened, advancers led

Thursday – strengthened, advancers led

Wednesday – strengthened, advancers led

Tuesday – weakened, decliners led

SPY down 1.61 at 197.67 on 159.6 million shares

VIX up 2.38 at 28.43…

TNX up .14 at 22.00…

TLT down .94 at 121.42…

XLF down .20 at 23.43…47.6 million shares

AAPL down .53 at 112.76 on 56.1 million shares

FB down 1.58 at 89.43 on 32.7 million shares

Technical Commentary:

IWM -0.36%,  DIA – 0.69%, SPY -0.81%, QQQ -1.24%.

Trade with the trend of the chart you are trading and continue to move your profit protection stops.  Continue to follow your rules.

Short-term Chart Targets:

SPY =...200.00

QQQ = 106.47…

IWM = 116.66, 117.50…

Support Levels

SPY = 196.03, 194.95...

QQQ = 100.49, 99.29…

IWM = 114.76, 111.79...

The SPX Market Forecast is turned up at 31.

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Setups

Horizontal Breakout: SINA, SWKS, UBNT, VXX, CREE, OCN, SSYS, STX,

Diagonal Breakout: AXTA, ETSY, EXPE, NCLH, NKE, PANW, SUNE, AA, ATI, CIEN, GLNG, GLW, GOGO, JASO, VSLR, AKAM, INTC, TSLA,

Bull Flag:  

Potential Bullish Divergence:  

Gap Up: 

Gap Down: 

Bear Flag:

At Support: TLT,

C- Pattern: 

Moves

New Highs: 

H Breakout: JCP, MTW, GMCR, NTAP,  

D Breakout: BBRY,

Bull Flag Bounce:

MACD Divergence Bounce:

Bounce:

Gap Up: TWTR,

Gap Down:  

C- Pattern:                                                          

Bear Flag:  

Support Break: W,

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Watch List Stocks

Leading stocks > +2% on Monday: VXX, AXTA, RUN, FIT, VJET, TWTR, BBRY, VSLR, OCN, BBY, SSYS, XONE

                                                       

Lagging stocks < -2.0% included: W, NTES, YOKU, BABA, CTRP, BX, SVXY, ETSY, GPRO, SONC, FAS, CYBR, RPD, LVS, X, PANW, SFUN, LOCO, DAVE, JUNO, HABT, FEYE, YY, VIAV, RAX, KWEB, SWI, CIEN,

18 of 100 NDX stocks closed higher on Monday.

Leading NDX 100 stocks included: GMCR, SNDK, SPLS, MU, STX, NTAP, MAT, AAL, WDC, VIP

Lagging NDX stocks included: VRTX, CELG, REGN, WYNN, ALXN, JD, BIDU, BMRN, KHC YHOO

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 2

INTC, SPLS

Moving Below 30 DMA = 6

AMZN, LLTC, PCLN, VRTX, LMCA, NFLX

6-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Neutral