Sharp Selloff Closes Lower as SPY, QQQ Form Hammer Candles, Capitulation Bottom?...MTCH, CDAY, BRO Added to SPX...

 
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Futures sold off overnight and SPY, QQQ, DIA and IWM opened lower, sold off sharply and closed lower.  High volume selling exhausted, in what could be a capitulation bottom, and SPY, QQQ, DIA and IWM formed hammer candle patterns as a result of a strong rally in the last 45 minutes of trading. 
 
MTCH, CDAY and BRO were added to the SPX, this morning replacing PRGO, UNM and NOV.
 
SPX closed below 4,400 and NDX closed above 15,000.
 
 
SPY down 7.36 at 434.04, on 166.4 million shares, above average volume, down on higher volume.  
VIX up 4.90 at 25.71
QQQ down 8.13, -2.17% at 365.70
 
 
MRK led the DJIA, 1 advancer, -5
AAL, DAL UAL, CNP led the SPX, 50 advancers.
SGEN, BKNG, VRSK, CTAS led the NDX, 5 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up:
Down: SPY, DIA, QQQ, IWM,
 
SPY = form hammer after gap down to 4-week support
DIA = form hammer-like spinning top after gap down to 8-week support
QQQ = form hammer after gap down to 4-week support area
IWM = gap down break of short-term support
 
All eleven sectors were lower on Monday, led by XLU, XLRE and XLP.
 
Utilities leaders: CNP, AWK, D, ED
Real Estate leaders: EQR, PSA, MAA, DLR
Consumer Staples leaders: CHD, SYY, CL, LW
 
 
Advancers weakened on Monday as decliners led 2,799 to 532 on the NYSE and advancers led 3,733 to 807 on the NASDAQ.
 
The SPY MFC green line is pointed down at 44.4 and is short-term bearish.  SPY formed a hammer at a break of short-term support. 
 
 
Uptrend sectors:  XLY, XLK, XLC, XLRE, XLF, XLP, XLU, XLV,
Neutral sectors:  XLI, XLB,
Down trend sectors: XLE,
 
The 6-month intermediate trend is up.  The ten-day trend is down.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Down
 
5 of 100 NDX stocks closed higher on Monday.
 
30 NDX stocks are above their 30 DMA:  INTU, ILMN, SNPS, DXCM, TEAM, CDNS, QCOM, VRSK, ALGN, EXC, ASML, MCHP, NFLX, TSLA, AVGO, KLAC, BKNG, OKTA, MRNA, MTCH, ADI, LULU, AMAT, TXN, MAR, ISRG, ORLY, FOXA, INCY, SGEN,
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 1
SGEN,
 
Moving Below 30 DMA = 24
ADBE, AMZN, BIDU, COST, CPRT, CRWD, EBAY, GILD, GOOGL, INTC, JD, LRCX, MELI, MRVL, MSFT, MU, NVDA, PDD, REGN, SPLK, TCOM, VRSN, WBA, XLNX,
 
 
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