Rally Pauses on Tuesday...Worst Quarter Since 2008...

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The SPX 42.06, -1.60%, pulled back on Tuesday.  VIX made its lowest close since March 10.  The SPX closed -20% for the quarter, its worst since 2008.

One of eleven sectors was higher on Tuesday, led by XLE, XLC and XLV

SPY down 3.90 at 257.75 on 194.8 million shares, below average volume.  Down on higher volume.

VIX down 3.54 at 53.54

CAT, DOW, WBA led the DJIA, 5 advancers, -24

NBL, XEC, FANG, OKE led the SPX, 111 advancers

UAL, NTES, TSLA, TCOM led the NDX, 29 advancers

Two-year trend term continues above 2018 support.  3-day short term trend is down a little.

Up:

Down: IWM, QQQ, SPY, DIA,

Breadth weakened on Tuesday as decliners led 1,661 to 1,325 on the NYSE and led 1,694 to 1,629 on the NASDAQ

The SPX MFC green line moved up to 31.3 and is a down-trend countertrend bounce nearing reversal breakout. 

Uptrend sectors: 

Neutral sectors: 

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

The 6-month intermediate trend is down.  The ten-day trend is up a little.

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Down a little

29 of 100 NDX stocks closed higher on Tuesday.

19 NDX stocks are above their 30 DMA:  CTXS, GILD, ILMN, SGEN, AMZN, BIIB, CDNS, JD, KHC, NFLX, NVDA, REGN, TTWO, VRTX, ATVI, ALXN, CHKP, IDXX, NTES,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 5

ALXN, ATVI, CHKP, IDXX, NTES, 

Moving Below 30 DMA = 7

AMD, AMGN, CSCO, INTC, KLAC, MSFT, VRSN,

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