SPX Falls Near June Low as Broad Selloff Continues...All Sectors Moved Lower as Health Care Smallest Decline...

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The SPX -64.76 opened lower, trended down within 11 points of its June low, rallied 50 points during the last hour of trading and closed lower.  /ES futures moved lower Thursday night and Friday morning after UK unveiled economic reforms and weak EU economic data.

SPY, QQQ and DIA each formed hammer like candles and closed below Thursday’s close.

DXY and TLT closed higher, while /CL, GLD and TNX moved lower.

SPY down 6.27 at 367.95, on 122.3 million shares, above average volume, down on higher volume.

VIX up 2.57 at 29.92

QQQ down 4.56 at 275.51

HD, JNJ led the DJIA, 2 advancers, -7

GNRC DPZ, ALLE, SHW led the SPX, 67 advancers

IDXX, ALGN, ODFL, DLTR led the NDX 12 advancers

The two-year trend term is up.  The one-year trend down.

Up:

Down:  DIA, QQQ, SPY, IWM,

All eleven sectors were lower on Friday, with the smallest decliners XLV, XLU and XLRE.

Health Care leaders:  IDXX, ALGN, XRAY, CRL

Real Estate leaders:  UDR, ARE, REG, EQR

Advancers weakened slightly on Friday as decliners led 2,874 to 409 on the NYSE and led 3,714 to 948 on the NASDAQ.

The SPY MFC green line is pointed down at 5.37 and is short-term bearish.  SPY opened lower and closed lower.

Sector direction shifted lower again on Friday.

Uptrend sectors:   XLY, XLU,

Neutral sectors:   XLE, XLI, XLF,

Down trend sectors:  XLP, XLV, XLK, XLB, XLRE, XLC,

The 6-month intermediate trend is down.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Down a little

3-day Short Term Market Trend: Down

12 of 100 NDX stocks closed higher on Friday

1 NDX stock is above its 30 DMA:   REGN,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 2

NFLX, PDD,

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