Lower Open & Close as SPX, NDX, DJI Trade in Range... IWM Opens Lower / Closes Slightly Higher...

 
Futures opened lower and traded in a slightly lower range on Monday. 
 
 
DJI -54.34, -0.16%, closed at 34,327.  HD, DIS, MSFT and CRM were the largest point decliners on Monday.
NDX -80.21, -0.60%, closed at 13,312.
SPX -10.56, -0.25%, closed at 4,163.                 
 
TSLA +3.16%, rally to six-week support.
 
SPY = channel bounce pause.
DIA = channel bounce pause.
QQQ = channel bounce pause.
IWM = channel bounce continuation.
 
Four of eleven sectors were higher on Monday, led by XLE, XLB and XLF.
 
Energy leaders: SWN, OXY, BKR, MRO
Basic Materials leaders: NEM, FCX, NUE, DD
Financial leaders: WFC, COF, C, DFS
 
SPY down 1.06 at 416.58, on 65.1 million shares, below average volume, down on lower volume. 
VIX up .91 at 19.72
 
MRK, DOW, CVX, WBA led the DJIA, 13 advancers, -12
SWN, STX, OXY, BKR led the SPX, 202 advancers.
WDC, TCOM, BIDU, AMZN led the NDX, 24 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM,
Down: DIA, SPY, QQQ,
 
Advancers weakened on Monday as advancers led 1,753 to 1,579 on the NYSE and led 2,206 to 2,078 on the NASDAQ.
 
The SPY MFC green line is pointed down at 60.9 and is defensive.  SPY is a channel bounce pause. 
 
 
Uptrend sectors:  XLB, XLF, XLI, XLP, XLV, XLE, XLRE, XLC, XLY, XLU, XLK,
Neutral sectors: 
Down trend sectors:
 
The 6-month intermediate trend is up.  The ten-day trend is sideways.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up
 
24 of 100 NDX stocks closed higher on Monday.
 
35 NDX stocks are above their 30 DMA:   ORLY, XEL, FAST, COST, CERN, VRSN, ALXN, CHTR, MDLZ, CMCSA, KHC, PEP, BIIB, GILD, TMUS, AMGN, REGN, SGEN, ADP, CSCO, CSX, CTAS, PAYX, PCAR, WBA, CPRT, EXC, FB, INTU, ROST, VRTX, WDC, EBAY, GOOGL, TCOM,
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 3
EBAY, GOOGL, TCOM,
 
Moving Below 30 DMA = 5
ASML, CHKP, IDXX, ISRG, MRNA,
 
 
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