SPX Closes Lower Near Multi-week Support...Utilities Lead Sectors...VIX Rises...

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The SPX -57.58 opened lower and closed lower on Tuesday.

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

SPY down 5.76 at 393.83, on 77.9 million shares, slightly below average volume, down on similar volume.

VIX up 1.42 at 22.17

QQQ down 5.96 at 281.68

UNH, TRV, JPM, PG led the DJIA, 6 advancers, +5

GCI, TXT, LUMN, EL led the SPX, 104 advancers

EXC, JD, AEP, XEL led the NDX, 9 advancers

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

Up:

Down:  DIA, SPY, IWM, QQQ,

Ten of eleven sectors were lower on Tuesday, led by XLU, XLP and XLRE.

Advancers strengthened modestly on Tuesday as decliners led 2,229 to 907 on the NYSE and led 3,254 to 1,381 on the NASDAQ.

The SPY MFC green line is pointed down at 85.2 and is counter-trend defensive.  SPY opened lower and closed lower.

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

Neutral sectors:  XLK,

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

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

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Down

9 of 100 NDX stocks closed higher on Tuesday

66 NDX stock are above their 30 DMA:   GILD, PCAR, AMGN, KHC, PEP, HON, ISRG, WBA, BKNG, ADP, CTAS, CSCO, MRNA, AMAT, CSX, IDXX, LRCX, MDLZ, MNST, NVDA, ROST, TMUS, AZN, LULU, KLAC, VRTX, XEL, AEP, EBAY, ADI, ASML, AVGO, CMCSA, MAR, MCHP, NXPI, PAYX, PDD, SBUX, SWKS, TXN, ADBE, ANSS, AMD, ATVI, CDNS, CPRT, JD, MSFT, QCOM, SNPS, VRSN, BIDU, NTES, EXC, PANW, VRSK, CTSH, DXCM, GOOGL, META, NFLX, OKTA, REGN, WDAY, SPLK,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 10

BIIB, CHTR, EA, FAST, FISV, INTC, KDP, MRVL, ODFL, ORLY,

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