SPX Opens Lower after Saudi Drone Attack...

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The DJIA, closed down 142 points at 27,076 led by weakness in HD, GS, MCD, PG and DIS.  Closing above 27,000 for the fourth day in a row.

Three of eleven sectors were higher on Monday, led by energy XLE +1.09% and real estate XLRE +1.04%.

SPY down .93 300.16 on 58.2 million shares, 27% below average volume.  Down on lower volume.

VIX up .93 at 14.67

Oil up 7.06 at 61.88
TLT up 1.74 at 138.28 on 10.9 million shares.
GLD up 1.17 at 141.32

CVX +2.16%, DOW +1.68%, led the DJIA, 7 advancers, -11

APA +16.89%, HP +14.33% and DVN +12.17% led the SPX.

WDAY +3.23%, TTWO +2.82%, INCY +2.50% and BMRN +2.15% led the NDX.

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

Up: IWM,

Down: SPY, QQQ, DIA,

Breadth strengthened slightly on Monday, as advancers led 1,591 to 1,344 on the NYSE and led 1,598 to 1,479 on the NASDAQ

The SPY MFC green line is in the upper zone pointed up at 90 and is short-term bullish. 

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

Neutral sectors:  XLV,

Down trend sectors: XLE,

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Sideways

34 of 100 NDX stocks closed higher on Monday.

66 NDX stocks are above their 30 DMA:  SBUX, CELG, KLAC, NTES, SYMC, PEP, EA, ATVI, BKNG, CHTR, COST, JBHT, CMCSA, QCOM, AAPL, MYL, SIRI, ASML, LRCX, MU, NVDA, ROST, WDC, DLTR, LBTYA, AMAT, AVGO, CSX, CTSH, CTXS, INTC, JD, NXPI, TXN, AAL, ADI, AMZN, EXPE, FAST, FB, GOOGL, LULU, MCHP, MXIM, NTAP, SWKS, TSLA, WBA, ADSK, CTRP, GILD, TMUS, UAL, BIDU, HAS, HSIC, KHC, MAR, WYNN, BIIB, CSCO, ILMN, ISRG, EBAY, WLTW, MNST,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 1

ALGN,  

Moving Below 30 DMA = 6

FOXA, MSFT, ORLY, PYPL, SNPS, XLNX,

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