SPX Falls Again, CDC Briefing on Cornavirus, All Sectors Lower...

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All eleven sectors were lower on Tuesday, led by XLP, XLU and XLRE               

SPY down 9.77 at 312.65 on 218.9 million shares, above average volume.  Down on higher volume.

VIX up 2.82 at 27.85

MCD, JNJ, HD led the DJIA, 0 advancers, -0

HPQ, XRX, KEYS led the SPX, 10 advancers

REGN, NTES, INTU, BIIB led the NDX, 2 advancers

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

Up:

Down: QQQ, SPY, DIA, IWM,  

Breadth continued weak on Tuesday as decliners led 2,712 to 285 on the NYSE and led 2,821 to 454 on the NASDAQ

The SPX MFC green line is below 80, is pointed down at 53 and is defensive.  Prepare to shift to short-term bearish.

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

Neutral sectors:  XLV,

Down trend sectors: XLI, XLF, XLB, 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

2 of 100 NDX stocks closed higher on Tuesday.

11 NDX stocks are above their 30 DMA:  TSLA, XEL, NFLX, CSGP, GILD, EBAY, NVDA, TMUS, BIIB, BMRN, REGN,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 20

ADI, AMZN, ATVI, CHTR, COST, CSX, CTAS, CTSH, DLTR, EXC, EXPE, FAST, INCY, MDLZ, MNST, ROST, SGEN, ULTA, VRSK, VRTX,

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