SPX Opens Flat Closes Lower Forming Flag Setup...Oil Down...Sectors Move Lower...

 
 
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IWM, QQQ, SPY, DIA finished lower after a 38-point selloff in the last half hour of trading.  Oil futures, (/CL -6.26) closed lower.
 
Talks between UKR / RUS continue to have no clear path towards a ceasefire.  
 
 
SPY down 7.06 at 451.64, on 121.6 million shares, above average volume, down on higher volume.
VIX up 1.23 at 20.56, bounce day 2.
QQQ down 4.55 at 362.54.
 
CAT led the DJIA, 0 advancers, -15
CCL, NCLH, RCL, MKC led the SPX, 181 advancers.
SPLK, INTU, SGEN, VRTX led the NDX, 17 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up:
Down:  IWM, QQQ, DIA, SPY,
 
All eleven sectors were lower on Thursday, led by XLU, XLP and XLV. 
 
Utilities l leaders: EIX, NRG, EXC, NI
Consumer Staples leaders:  MKC, KR, ADM, CPB
Health Care leaders:  TFX, VRTX, REGN, ABMD
 
Advancers were mixed on Thursday as decliners led 2,042 to 1,353 on the NYSE and led 3,132 to 1,706 on the NASDAQ.
 
The SPY MFC green line is turned down at 92.3 and is counter-trend defensive.  SPY pulled back in its 13-day rally.    
 
 
Uptrend sectors:  XLE, XLU, XLP, XLV, XLB,
Neutral sectors:  XLRE, XLF, XLK, XLI,
Down trend sectors: XLY, XLC,
 
The 6-month intermediate trend is up.  The ten-day trend is up.
 
3-month Intermediate Term Market Trend: Down
3-day Short Term Market Trend: Down
 
17 of 100 NDX stocks closed higher on Thursday.
 
86 NDX stocks are above their 30 DMA:  EXC, DLTR, KHC, COST, AEP, AMGN, CTSH, PAYX, XEL, ADP, FAST, SGEN, AZN, ORLY, REGN, CRWD, VRTX, AVGO, CTAS, DXCM, HON, PANW, TXN, VRSK, ADI, AMZN, ASML, CDNS, CPRT, CSX, FISV, IDXX, MCHP, MELI, MRNA, MRVL, MSFT, NVDA, ABNB, AMAT, ILMN, PYPL, SNPS, SPLK, TSLA, WDAY, FB, FTNT, GOOGL, INTC, SIRI, AAPL, BIIB, EBAY, NTES, PEP, ADSK, BKNG, CMCSA, KLAC, LRCX, LULU, MAR, MTCH, NFLX, NXPI, VRSN, EA, ISRG, ADBE, ANSS, DDOG, DOCU, INTU, KDP, LCID, MNST, ROST, TEAM, TMUS, ZS, CSCO, GILD, SBUX, ZM, MDLZ,
 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 0
 
 
Moving Below 30 DMA = 4
AMD, ODFL, SWKS, WBA,
 
 
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