© 2018
Stocks moved lower in a massive selloff as VIX soared to 37.32,
closing at its highest level since August
24, 2015.
The DJIA collapsed 1,175 points to 24,345, led by weakness in BA, MMM, UNH, GS and HD.
All sectors were lower for the second straight day on
Monday, led by utilities XLU -1.64% and real estate XLRE -2.58%.
SPY down 11.52 at 263.93 on 294.6 million shares, 200% above average volume.
Down on much higher volume.
VIX up 20.01 at 37.32
Oil down 1.63 to 63.48
TLT up 1.13 at 120.71 on
28.6 million shares, 148% above average volume. Up on higher volume.
AAPL -2.50% and MCD -3.26% 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 continued
weak on Monday, as decliners led 2,717 to
319 on the NYSE and led 2,664 to 339 on the NASDAQ.
The SPY MFC green
line is below the upper zone and is pointed down at 55, defensive.
Uptrend
sectors: XLY,
Neutral
sectors: XLF, XLV, XLI, XLK, XLE, XLB,
Down
trend sectors: XLP, XLRE, 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… CBOE, IBKR, ADBE, ANET, TAL, EA, EBAY, TTWO,
SHOP, LYV, SQ, RACE, ALGN, ATVI, FB, FCAU,
WB, RNG, AABA, BABA, CCL, RCL, BA, CAT, MAR, V, TRU, WYN, WYNN, PYPL, NVDA,
ISRG, VRSN, AA, WUBA, EDU, CC, MU, A,
All of 100 NDX stocks closed lower on Monday.
14 NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 0
Moving Below 30 DMA = 33
AMGN, AMSL, ATVI, BIIB,
BMRN, CA, COST, CSCO, CTAS, CTRP, CTSH, CTXS, EXPE, FB, FISV, FOXA, GILD, HAS,
HSIC, INTC, ISRG, JD, MAR, MCHP, MNST, MSFT, NVDA, SNPS, SWKS, TSLA, VRSK,
VRTX, WDC
The
intermediate and long-term trends are still up. The two-month trend is sideways. The six-day trend is down.
6-month Intermediate Term
Market Trend: Up
3-day Short Term Market Trend: Down
2 comments:
Test test
Thank you Dave.
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