Monday, March 9, 2020

Oil, Financials, AAPL Lead SPX Down -225...VIX Closes 54.46...




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

SPY down 23.23 at 274.23 on 309.4 million shares, above average volume.  Down on higher volume.
VIX up 12.52 at 54.46

WMT, VZ, PFE led the DJIA, 0 advancers, -12
SWN, AZO, COG led the SPX, 10 advancers
DLTR, ORLY CTXS, EBAY led the NDX, 2 advancers

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

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

Breadth weakened, on Monday as decliners led 2,971 to 71 on the NYSE and led 3,190 to 181 on the NASDAQ

The SPX MFC green line is pointed down at 26 and is short-term bearish. 

Uptrend sectors
Neutral sectors:  XLU, XLK, XLV, XLRE, XLP, XLC,
Down trend sectors: 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

2 of 100 NDX stocks closed higher on Monday.

2 NDX stocks are above their 30 DMA:  GILD, REGN,


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


Moving Below 30 DMA = 12
BIIB, BMRN, COST, CSGP, CTXS, EBAY, JD, NFLX, NVDA, SGEN, TTWO, XEL,


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