Investors Hit Slippery Slope In Today's Market As Stocks Finish At Lowest Level Since August...DJIA Off 300+ Points...NDX Stocks Close With 99 Stocks In The Red...Large Volume Of Support Breaks...Many Stocks Close At Support...

All sectors moved lower on Monday…XLU, XLP, XLI were the strongest sectors while XLE was the weakest sector.

Breadth weakened as decliners led advancers 8.72 to 1 on the NYSE and 5.27 to 1 on the NASDAQ.

Monday – weakened, decliners led

Friday – mixed, decliners led

Thursday – mixed, decliners led

Wednesday – strengthened, decliners led

Tuesday – weakened, decliners led

SPY down 4.84 at 188.01 on 176.5 million shares

VIX up 4.01 at 27.63…

TNX down .73 at 20.95…

TLT up 2.08 at 123.62…on 9.8 million shares

XLF down .53 at 22.28…on 47.3 million shares

AAPL down 2.27 at 112.44 on 52 million shares

FB down 3.56 at 89.21 on 41.1 million shares

Technical Commentary:

DIA -1.90%, SPY -2.51%, IWM -2.80%, QQQ -2.85%.

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 =...197.68…

QQQ = 105.61, 106.93…

IWM = 115.70, 116.42…

Support Levels

SPY = 190.56, 189.74...

QQQ = 102.27, 101.34…

IWM = 110.93, 109.11...

The SPX Market Forecast is pointed down at 24.

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Setups

Horizontal Breakout: CRUS,

Diagonal Breakout: NTES, SFUN,

Bull Flag: FIT, P, RPD, ASNA, LC, COST, SBUX,

Potential Bullish Divergence:  

Gap Up: 

Gap Down: 

Bear Flag:  

At Support: IWM, BAC, FAS, FSLR, GME, LVS, MBLY, MS, SINA, STI, UBNT, YOKU, CREE, EMC, GIMO, HABT, IBM, LOCO, SPWR, SSYS, TAN, VSLR, YELP, YY, AAPL, ADSK, GOOGL, NTAP, PCLN, QCOM, TRIP,

C- Pattern: 

Moves

New Highs:  

H Breakout:

D Breakout:  

Bull Flag Bounce: AA,  

MACD Divergence Bounce:

Bounce:  

Gap Up:  

Gap Down:

C- Pattern:    

Bear Flag:  

Support Break: SPY, BX, CCL, CTRP, GPRO, JBLU, NCLH, PYPL, SONC, SPLK, SUM, SUNE, TASR, TPX, TSL, V, AXTA, BABA, BBRY, DGLY, HPQ, KNDI, MTW, RAX, GILD, MAR, ROST, WBA, YHOO,

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Watch List Stocks

Leading stocks > +2% on Monday: VXX, AA, SFUN

                                                       

Lagging stocks < -2.0% included: SUNE, SEDG, RUN, TSL, SUM, GPRO, FAS, SVXY, TASR, BS, SWKS, FSLR, AMBA, SPLS, TSP, CTRP, NCLH, QIHU, GLNG, SLCA, SPWR, KNDI, VSLR, CSIQ, VJET, DAVE, AXTA, CAR, ATI, TAN, X, DGLY

Only 1 of 100 NDX stocks closed higher on Monday…99 closed lower.

Leading NDX 100 stocks included:

Lagging NDX stocks included: LBTYA, BMRM, REGN, VIP, WYNN, MYL, CHTR, SWKS, MU, GILD

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 5

CHRW, INTC, MSFT, JD, SWKS

Moving Below 30 DMA = 2

PCLN, CHTR

6-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Down