SPX Lower Open, Lower Close After Early Rally Fails...SPY, QQQ, Close Below June Support Low...Real Estate Gains as Ten Sectors Close Lower...

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The SPX -54.85 opened lower, rallied for the first two hours of trading, then rolled over and closed lower continuing Thursday’s selloff.  SPY, QQQ and DIA each closed below support. 

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

SPY down 5.61 at 357.18, on 153.7 million shares, above average volume, down on higher volume.

VIX down .22 at 31.62

QQQ down 4.61 at 267.21

WBA led the DJIA, 0 advancers, -2

CRL, WY, EFX, TWTR led the SPX, 81 advancers

PDD, DDOG, BIIB, SGEN led the NDX 10 advancers

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

Up:

Down:  IWM, SPY, DIA, QQQ,

One sector was higher, and ten sectors were lower on Friday, led by of XLRE, XLB and XLE.

Real Estate leaders:  WY, VTR, DLR EXR

Materials leaders:  NUE, BALL, CE, APD

Energy leaders:  MPC, CTRA, DINO, FTI

Advancers strengthened on Friday as decliners led 1,813 to 1,380 on the NYSE and led 2,676 to 1,902 on the NASDAQ.

The SPY MFC green line turned down at 4.7 and is short-term bearish.  SPY opened lower and closed lower.

Uptrend sectors:

Neutral sectors:   XLY, XLE,

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

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

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Down

10 of 100 NDX stocks closed higher on Friday

4 NDX stock are above their 30 DMA:   REGN, BIIB, NFLX, VRTX,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 2

ORLY, ZS,

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