SPX Falls after Factory Orders and ISM Services reports Above Consensus...All Sectors Close Lower...

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The SPX -72.86 opened lower and closed lower following a better-than-expected Factory Orders and ISM Services reports at 10:00 am ET.  Initially at least, it was another example of good economic news is bad market news.

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

SPY down 7.32 at 699.59, on 77.2 million shares, below average volume, down on lower volume.

VIX up 1.69 at 20.75

QQQ down 4.91 at 287.64

BA led the DJIA, 1 advancers, -16

UAL, CME, GPS, MGM led the SPX, 31 advancers

BIDU, PDD, JD, ATVI led the NDX, 5 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 Monday, largest decliners were XLF, XLY and XLE.

Advancers weakened on Monday as decliners led 2,691 to 481 on the NYSE and led 3,507 to 1,191on the NASDAQ.

The SPY MFC green line is pointed down at 89.1 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 up a little.

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Down

5 of 100 NDX stocks closed higher on Monday

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

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 7

AAPL, ALGN, DOCU, FTNT, INTU, MELI, MTCH,

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