SPX Pulls Back for 2nd Day as Trade Dispute Continues......

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The DJIA, closed down 389 points at 25,897, led by weakness in UNH, GS, BA, MCD and UTX.  Closing below 27,000 for the tenth straight day.  

All eleven sectors were lower on Monday, led by real estate XLRE -0.10% and utilities XLU -0.20%.

SPY down 3.55 at 288.12 on 65.5 million shares, 5% below average volume.  Down on lower volume.

VIX up 3.12 at 21.09

Oil up .51 at 54.78

TLT up 2.92 at 142.97 on 14.0 million shares. 

MRK +0.25%, JNJ -0.08%, led the DJIA, 1 advancer,

CTL +4.86%, SYY +3.14% and SYY +2.41%, led the SPX.

AMGN +4.86%, LBTYA +2.04%, MU +1.47% and DLTR +1.01% led the NDX.

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

Up:  

Down: QQQ, SPY, IWM, DIA,

Breadth weakened slightly on Monday, as decliners led 2,056 to 866 on the NYSE and led 2,062 to 1,010 on the NASDAQ

The SPY MFC green line is pointed up at 39 and is short-term bullish. 

Uptrend sectors: XLP, XLY, XLK, XLB, XLRE, XLU,

Neutral sectors:  XLC, XLF, XLI, XLV,

Down trend sectors: XLE,

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Sideways

8 of 100 NDX stocks closed higher on Monday.

18 NDX stocks are above their 30 DMA:  CTAS, HAS, SBUX, FISV, WDC, GOOGL, JBHT, AMGN, CELG, KLAC, TTWO, TXN, VRSK, ADP, AMD, BKNG, VRTX, INCY,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 1

INCY,

Moving Below 30 DMA = 12

ATVI, EBAY, INTU, MDLZ, MELI, MSFT, MYL, NXPI, ROST, SIRI, SYMC, WLTW,

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