SPX Opens Lower, Closes Lower Grinder Day 6...DIS Gaps Up as Iger Returns as CEO...Staples, Real Estate, Utilities Lead Sectors...VIX Near 3-month Low...

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The SPX -15.40 opened lower, sold off for about two hours and rallied after comments from the Fed’s Mary Daly.  The SPX formed a small spinning top.

Fed minutes released Wednesday 2 pm ET.

Markets are closed Thursday:  Happy Thanksgiving!

Friday, markets close early at 1 pm ET.

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

SPY down 1.44 at 394.59, on 51.2 million shares, below average volume (lowest volume since Aug 25), down on lower volume.  

VIX down .76 at 22.36, lowest close since Aug 25

QQQ down 2.93 at 281.89

DIS, WBA, KO, MRK led the DJIA, 19 advancers, -1

STE, NUE, GPS, BDX led the SPX, 270 advancers

ROST, VRSK, AEP, PEP led the NDX, 40 advancers

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

Up: 

Down: DIA, SPY, IWM, QQQ,

Seven of eleven sectors were higher on Monday, led by XLP, XLRE and XLU.

Consumer Staples leaders:  HSY, LW, WBA, STZ

Real Estate leaders:  CCI, PEAK, AMT, SBAC

Utilities leaders:  AEP, PNW, WEC, ETR

Advancers weakened on Monday as decliners led 1,693 to 1,471 on the NYSE and led 2,912 to 1,769 on the NASDAQ.

The SPY MFC green line is pointed down at 87.9 and is counter-trend defensive.  SPY opened lower, closed lower and formed a spinning top.

Uptrend sectors:  XLE, XLF, XLB, XLI, XLV,

Neutral sectors:  XLP,

Down trend sectors:  XLK, XLRE, XLU, XLY, XLC,

The 6-month intermediate trend is sideways.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Sideways

40 of 100 NDX stocks closed higher on Monday

81 NDX stock are above their 30 DMA:   BIIB, ORLY, DXCM, GILD, PCAR, AMGN, KHC, PEP, SIRI, ILMN, EA, HON, ISRG, WBA, BKNG, ADP, CTAS, CSCO, DLTR, MRNA, AMAT, CHTR, COST, CSX, IDXX, LRCX, MDLZ, MNST, NVDA, ROST, TMUS, AZN, LULU, KLAC, FAST, INTC, MU, VRTX, XEL, AEP, EBAY, MELI, ADI, ASML, AVGO, CMCSA, MAR, MCHP, NXPI, ODFL, PAYX, PDD, SBUX, SWKS, TXN, ADBE, ANSS, AAPL, ADSK, AMD, ATVI, CDNS, CPRT, FISV, JD, MRVL, MSFT, MTCH, NFLX, QCOM, SNPS, VRSN, ZM, BIDU, GOOGL, NTES, REGN, EXC, PANW, VRSK, KDP, 

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 1

KDP,

Moving Below 30 DMA = 3

CTSH, PYPL, SGEN,

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