DJIA: 25,520...VIX 17.31...All Sectors Move Lower as Interest Rates Continue to Rise...

Stocks moved lower on Friday in a broad based selloff and VIX 17.31, closed at its highest level since November, 2016.

The DJIA 25,520, collapsed 665 points led by weakness in GS, BA, AAPL, CVX, HD, V, CAT, XOM, UTX, IBM, UNH and AXP.  Friday closed below 26,000 after closing above for twelve consecutive days.  It was the twenty-first close above 25,000.  

All sectors were lower on Friday, led by utilities XLU -0.72% and discretionary XLY -0.96%. 

SPY down 6.13 at 275.45 on 173.1 million shares, 90% above average volume.  Down on higher volume.

VIX up 3.84 at 17.31

PFE -0.60% and NKE -0.64% led the DJIA, 0 advancers.

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

Up:

Down: IWM, QQQ, SPY, DIA

Breadth collapsed on Friday, as decliners led 2,718 to 290 on the NYSE and led 2,469 to 489 on the NASDAQ.

The SPY MFC green line is moved out of the upper zone and is pointed down at 73, defensive.

Uptrend sectors:  XLY, XLF, XLV, XLI, XLK, XLE, XLB,

Neutral sectors: XLP, XLRE,

Down trend sectors: XLU,

Intermediate-term trending stocks:  Many of these stocks have had significant pull backs over the past month and it is appropriate to wait for the uptrend to resume before considering entry… BA, CAT, MAR, V, CBOE, IBKR, TRU, WYN, MCD, WYNN, ADBE, PYPL, ANET, RNG, NVDA, ISRG, VRSN, CDNS, AA, WUBA, TAL, EDU, FCAU, LRCX, CC, WB, MU, LYV, FB, A, TTWO, AABA, BABA, CCL, RCL, SHOP, ATVI, SQ, RACE, ALGN,  

11 of 100 NDX stocks closed higher on Friday.

47 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 0                            

Moving Below 30 DMA = 18

ADP, ADSK, CMCSA, DLTR, ESRX, GOOGL, INTU, JBHT, KHC, KLAC, ORLY, PCAR, PCLN, QCOM, ROST, TXN, WBA, XLNX 

The intermediate and long-term trends are still up.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

Add Comments here