Stocks Sink after 10 Yr Treasury Yield SlipS Below 2 Yr Yield on Broad & Persistent Selling...

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The DJIA, closed down 800 points at 25,479, led by weakness in BA, GS, HD, AAPL and MMM.  Closing below 27,000 for the eleventh straight day.

All eleven sectors were lower on Wednesday, led by utilities XLU -0.82% and real estate XLRE -1.56%.

SPY down 8.65 at 283.90 on 134.6 million shares, 86% above average volume.  Down on higher volume.

VIX up 4.58 at 22.10

Oil down 1.78 at 54.95

TLT up 3.21 at 145.69 on 14.6 million shares. 

KO -0.95%, WMT -1.13%, led the DJIA, 0 advancers, -27

NEM +0.82%, VTR +0.21% and EVRG +0.03%, led the SPX.

NTES +0.49%, SYMC -0.30% and PEP -0.62% led the NDX.

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

Up:   

Down: IWM, SPY, QQQ, DIA,

Breadth weakened significantly on Wednesday, as decliners led 2,508 to 496 on the NYSE and led 2,593 to 500 on the NASDAQ

The SPY MFC green line turned down at 40 and is short-term bearish. 

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

Neutral sectors:  XLC, XLV, XLI, XLF, 

Down trend sectors: XLE,

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

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Down

1 of 100 NDX stocks (NTES) closed higher on Wednesday.

17 NDX stocks are above their 30 DMA:  CTAS, HAS, SBUX, FISV, WDC, AMGN, CELG, KLAC, TTWO, TXN, VRSK, BKNG, VRTX, LRCX, NTES, NXPI, SYMC,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 22

AAPL, ADP, AMAT, ASML, ATVI, COST, EA, EBAY, GOOGL, IDXX, INCY, INTU, JBHT, JD, MDLZ, MELI, MSFT, MU, MYL, REGN, ROST, SIRI,

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