SPX, NDX Close Lower on Weakness in NVDA, AVGO & Semiconductor Stocks...Energy, Utilities, Consumer Staples Lead Sectors...Changes to SPX, NDX Take Effect...

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The SPX -16.75, 5,447, opened flat, traded in a range, formed an inverted hammer candle and closed lower.  The SPX closed above 5,400 for the eighth day. The NDX -1.15% closed lower due to weakness in NVDA, AVGO and semiconductor stocks. 

NVDA -8.46, -6.68%, 118.11, pulled back in a BO test and formed a larger red candle.  Jefferies raises price target to $150 from $135. 

AVGO -66.42, -4.00%, pulled back for a fourth day still forming a bull flag price pattern.  It has a 10 for 1 stock split on July 15. 

CRWD, GDDY, KKR replaced CMA, ILMN, RHI in the S&P 500 before the open.

ARM replaced SIRI in the Nasdaq 100 before the open.

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

SPY down 1.77 at 542.74, 45.5 million shares, average volume.

VIX up .13 at 13.33

QQQ down 6.22 at 473.96

AMGN, GS, CVX, VZ led the DJIA, 22 advancers, +5

MOS, BKR, APA, EQT led the SPX, 352 advancers 

BKR, FANG, AMGN, MDLZ led the NDX, 46 advancers

Up:  DIA, IWM,

Down:  SPY, QQQ,

Nine of eleven sectors were higher on Monday, led by XLE, XLU and XLP.

The SPY MFC green line is pointed down at 89.8 and is counter-trend defensive.

Uptrend sectors:  XLK, XLC, XLU, XLP, XLF, XLB, XLI, XLE,

Neutral sectors:  XLV, XLRE, XLY,

Down trend sectors: 

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

46 of 100 NDX stocks closed higher on Monday.

64 NDX stocks are above their 30 DMA:  AZN, GOOGL, TSLA, COST, TTD, VRSK, AAPL, ADI, REGN, AMAT, BKNG, KLAC, NVDA, FANG, NFLX, SNPS, VRTX, ISRG, CHTR, MU, TMUS, EA, CDW, ROST, HON, CMCSA, META, ROP, SBUX, MSFT, AVGO, CRWD, LIN, LRCX, ZS, ILMN, CTAS, PANW, LIN, ORLY, ADSK, MAR, TSLA, ADBE, ABNB, CDW, CPRT, KDP, PAYX, AMGN, AMZN, BKR, CTSH, GILD, INTU, ADP, CCEP, CSCO, DDOG, TTWO, FANG, ILMN, ODFL, ARM new addition to NDX, Delete SIRI from NDX

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 3

FANG, ILMN, ODFL,

Moving Below 30 DMA = 10

ANSS, CEG, CSX, DASH, GEHC, GFS, INTC, MRVL, QCOM, TXN,

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