SPX, NDX, DJI, RUT Pullback in Bull Flag Pattern...VIX Jumps to 14.82...

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SPY, QQQ, DIA and IWM pulled back on Monday forming a bull flag price pattern.

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Bull Flag Setups:  SPY, QQQ, IWM, DIA, SMH, AMD, BBY, BX, CSCO, LRCX, MSFT, MU, NFLX, NVDA, TXN, V, WDC

All eleven sectors were lower on Monday, led by XLU, XLRE and XLF.

SPY down 1.78 at 321.08 on 49.7 million shares, slightly below average volume.  Down on higher volume.

VIX up 1.39 at 14.82

AAPL, KO, WMT led the DJIA, 1 advancer, -18

SWN, HP, NEM led the SPX, 107 advancers

ROST, TMUS, SGEN, TMUS led the NDX, 16 advancers

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

Up:  

Down: IWM, SPY, DIA, QQQ,      

Breadth was similar on Monday as decliners led 1,674 to 1,262 on the NYSE and led 1,930 to 1,273 on the NASDAQ

The SPX MFC green line is above 80 and is pointed down at 93 and is counter-trend defensive. 

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

Neutral sectors:  XLE, XLRE,

Down trend sectors:

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

16 of 100 NDX stocks closed higher on Monday.

81 NDX stocks are above their 30 DMA:  AAPL, SWKS, AMGN, REGN, PCAR, SIRI, AMD, ISRG, FOXA, MAR, BMRN, MSFT, ADBE, ADSK, EA, FISV, LULU, MNST, WLTW, MELI, CERN, ILMN, SBUX, MDLZ, PEP, VRSK, GOOGL, ADI, ASML, MCHP, NXPI, TXN, ATVI, JD, NVDA, TSLA, ULTA, VRSN, EXPE, MU, AMAT, BIDU, BKNG, CSX, FAST, LRCX, MXIM, PYPL, QCOM, WDC, XLNX, BIIB, CTAS, EBAY, KLAC, TCOM, CDNS, INTU, XEL, AMZN, CSCO, EXC, FB, KHC, NFLX, ALGN, SNPS, AAL, ADP, CHTR, IDXX, INTC, LBTYA, ROST, CMCSA, ANSS, CDW, CPRT, CSGP, SPLK, TMUS,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 4

NTES, PAYX, TTWO, VRTX,

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