Trade Deal, Tariff Uncertainty Continues as Volatility Jumps and Stocks Slide...

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The DJIA, closed down 473 points at 25,965, led by weakness in BA, AAPL, HD, UTX and MMM.  Closing below 26,000 after trading above for the past twenty-five trading days. 

All eleven sectors were lower on Tuesday.

SPY down 4.89 at 287.93 on 144.7 million shares, 124% above average volume. Down on higher volume.

VIX up 3.88 at 19.32

Long term up trend intact.  3-day short term trend is down.

Up:

Down: SPY, DIA, QQQ, IWM

Breadth weakened on Tuesday, as decliners led 2,356 to 509 on the NYSE and led 2,317 to 727 on the NASDAQ

The SPY MFC green line is in the upper zone pointed down at 80 and is short-term defensive in an intermediate-term up trend.  

Uptrend sectors: XLRE, XLU, XLP, XLY, XLK, XLI, XLC, XLF,

Neutral sectors:  XLB, XLE, XLV,

Down trend sectors:

The 6-month intermediate trend is sideways.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

2 of 100 NDX stocks closed higher on Tuesday.

53 NDX stocks are above their 30 DMA:  CDNS, PYPL, VRSN, SNPS, MDLZ, PAYX, CSX, VRSK, CHKP, CMCSA, AAPL, PEP, MSFT, AMZN, SBUX, NTES, ALGN, ADBE, ILMN, LULU, MAR, ASML, CELG, CERN, FB, HSIC, LRCX, ADI, ADSK, CTAS, MCHP, MXIM, NXPI, TXN, WYNN, AAL, UAL, CHTR, TMUS, HAS, QCOM, INTU, IDXX, NFLX, MNST, WDAY, EBAY, XRAY, TTWO, GILD, INCY, ILMN, MELI,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 14

ALXN, AMAT, ATVI, AVGO, BIIB, COST, DLTR, FAST, FISV, FOXA, KLAC, MYL, ROST, WLTW,

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