SPX in 8-day Grinder, Closes Lower after Retail Sales and Fed Speakers...Technology Leads Sectors...

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-SPX -26.38, opened lower after Retail Sales report, closed lower.

-Grinding market as Fed’s Mester, Bostic, Williams, Logan, Bostic speak.

-VIX up .87

-FSLR -8.79, -3.97%, on BO test after 26% gain on Friday.

-Housing Starts and Permits Wed 8:30 am ET.

-WMT reports EPS Thu BMO. 

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

Mega caps GOOGL, AMZN, NVDA, MSFT, TSLA rose and META fell.

SPY down 2.76 at 410.25, on 57.6 million shares, below average volume, down on higher volume.

VIX up .87 at 17.99.

QQQ up .37 at 327.16

MSFT, CRM, IBM led the DJIA, 3 advancers, -16

GEHC, COF, IT, DHI led the SPX, 58 advancers

AMD, GOOGL AMZN, VRSK led the NDX, 21 advancers.

The two-year trend term is sideways.  The one-year trend is sideways.

Up:  QQQ,  

Down:  SPY, DIA, IWM,

One of eleven sectors was higher on Tuesday, led by XLK, XLC and XLY.

The SPY MFC green line is pointed down at 65.3 and is defensive.  SPY opened lower, traded in a choppy range and closed lower.

Uptrend sectors:   XLK, XLC, XLP, XLY, XLV,

Neutral sectors:  XLB, XLI, XLU, XLRE,

Down trend sectors: XLE, XLF,

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

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Sideways

21 of 100 NDX stocks closed higher on Tuesday.

46 NDX stock are above their 30 DMA:  AAPL, MDLZ, PEP, AMZN, CPRT, ISRG, VRTX, AZN, BIIB, MNST, ORLY, DLTR, CSX, FISV, CSGP, MAR, MSFT, NVDA, CMCSA, CTAS, LRCX, META, VRSK, CTSH, DDOG, GOOG, GOOGL, AMD, CRWD, FTNT, PANW, ZS, NFLX, AMAT, ASML, IDXX, KLAC, MELI, OKTA, AVGO, MRVL, BKNG, JD, MU, ZM, SNPS,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 1

SNPS,

Moving Below 30 DMA = 8

ADSK, COST, DXCM, EBAY, FAST, KHC, LULU, PCAR,

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