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The DJIA, closed down 120 points at 25,777, led by weakness in UNH, BA, AAPL, GS and JPM. Closing below 27,000 for the twentieth straight day.
Three of eleven sectors were higher on Tuesday, led by communication
services XLC +0.19% and utilities XLU +0.18%.
ROKU,
SHOP
and HSY continued their uptrend on Tuesday.
SPY down 1.13 at 286.87 on 68.2 million shares, 10% below average volume. Down on heavy selling volume.
VIX up .99 at 20.31
Oil up 1.89 at 55.69
TLT up 2.24 at 147.61 on 11.3 million shares.
GLD up 1.38 at 145.57
JNJ +1.84%, PG +1.03%, led the DJIA, 11 advancers, -19
FOSL +4.44%, NEM +3.30% and FTI +2.96% led the SPX.
COST +5.00%, ATVI +4.93%, NTES +3.06% and IDXX +2.76% led the NDX.
Long term up
trend intact. 3-day short term trend is down.
Up:
Down: QQQ,
SPY, DIA, IWM,
Breadth weakened
on Tuesday, as decliners led 1,950 to 1,013 on the NYSE and led 2,199 to 859 on the NASDAQ
The SPY
MFC green line pointed down at 35 and is short-term
bearish.
Uptrend sectors: XLRE, XLU, XLP, XLY, XLK,
Neutral sectors:
XLC, XLV, XLI, XLF,
XLB,
Down trend sectors: XLE,
The 6-month intermediate
trend is up. The ten-day trend is down a little.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Down
40 of 100 NDX stocks
closed higher on Tuesday.
26 NDX stocks are above their 30 DMA: SBUX, FISV, AMGN, CELG, KLAC,
TTWO, VRSK, VRTX, NTES, SYMC, PEP, EA, SNPS, INTU, AAPL, ADP, ATVI,
BKNG, CHTR, COST, INCY, JBHT, MDLZ, NVDA,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 5
CMCSA, CTAS, IDXX, JD, QCOM,
Moving Below 30 DMA = 3
AAPL, INCY, NVDA,
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