RUT, NDX, SPX, DJI Roll Over on Heavy Volume Amid Political Concerns…

IWM, QQQ, SPY, DIA heavy sell-off on above average volume.

IWM, SPY, DIA break short-term support.

Two sectors were positive, weakest sectors were financials XLF and technology XLK.

SPY down 4.26 at 235.82 on 172.1 million shares, 138% above average.

VIX soars +4.94 to 15.59.

Oil rises +.73 to 48.96

TLT up 1.77 at 123.28…on 11.2 million shares

GS -5.27% and JPM -3.81% were the weakest stocks in the DJIA.

AMD -12.16% and CFG -6.77% were the weakest stocks in the SPX.

MU -6.96% and NVDA -6.64% were the weakest stocks in the NDX.

Intermediate and long term up trend intact.  3-day short term trend is down.

Up:

Down: IWM, QQQ, SPY, DIA

Uptrend sectors:  XLK, XLY, XLRE, XLV, XLI, XLB, XLP,

Breadth weakened as decliners led 2,370 to 604 on the NYSE and led 2,490 to 392 on the NASDAQ.

The SPY MFC green line is pointed down at 81, bullish, prepare to become defensive.

Look for a potential bounce in: NFLX, AAPL, TSLA, HAS, WMT, UNH, WBA, WDC, SBUX, COST, V, HD, KLAC

One Day Pullback: NVDA, WB, EA, AMAT, SWKS, TXN, ATVI, ADSK, MCHP, AVGO, LRCX, ADBE, EXPE, YHOO, PYPL, MSFT, GOOGL, BABA, QQQ, AMZN, MAR,

Bounces included:

Break of short-term support: SPY, DIA, IWM, MU, FB, XLY, RCL, KEY, ETFC,

Potential Breakouts include:

Breakouts: TLT, XLNX,

New Highs MCD, JD,

5 of 100 NDX stocks closed higher on Tuesday.

48 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 17

BMRN, CMCSA, CSX, CTXS, EBAY, FB, MU, PCLN, SWKS, SYMC, TMUS, TRIP, TSLA, TXN, VRTX, WBA, WDC,   

The intermediate and long-term trends are still up.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

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