Monday, March 16, 2020

DJI Largest % Drop Since 87 Crash...VIX Closes at 82.69...



© 2020

The DJI closed at 20,188, -2,997, -12.93%, the largest daily percentage loss since October 19, 1987.  VIX closed at 82.69 an all-time closing high.

All eleven sectors were lower on Monday, led by XLP, XLV and XLB

SPY down 29.47 at 239.85 on 297.2 million shares, above average volume.  Down on lower volume.
VIX up 24.86 at 82.69

WBA, PG, JNJ led the DJIA, 0 advancers, -30
SWN, CAG, SJM, CLX led the SPX, 10 advancers
AAL, NTAP, CTXS, GILD led the NDX, 1 advancer

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

Up:
Down: SPY, QQQ, DIA, IWM,

Breadth weakened, on Monday as decliners led 2,930 to 122 on the NYSE and led 3,105 to 281 on the NASDAQ

The SPX MFC green line is pointed up slightly at 10 and is short-term counter-trend bounce

Uptrend sectors
Neutral sectors:  XLK, XLV,
Down trend sectors: XLU, XLRE, XLC, XLP, XLY, XLI, XLB, XLF, XLE,

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

3-month Intermediate Term Market Trend: Down
3-day Short Term Market TrendDown

1 of 100 NDX stocks closed higher on Monday.

1 NDX stock is above their 30 DMA:  REGN,


NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 0


Moving Below 30 DMA = 2
GILD, TTWO,


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