SPX, NDX Pause Close Slightly Lower as Mega-Caps Pull Back...Energy, Consumer Staples, Utilities Lead Sectors...NVDA EPS Wednesday AMC...

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The SPX -17.77, 5,616, opened slightly higher, pulled back during the first two hours, traded in a range and closed lower.  The VIX opened and closed slightly higher.

The NDX -1.04%, opened lower, pulled back, traded in a range and closed lower.

NVDA -2.91, -2.25%, after Loop Capital reiterates its Buy rating and maintains its $175 price target.  Reports EPS Wednesday, Aug 28, AMC.

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

SPY down 1.34 at 560.79, 35.7 million shares, below average volume, C-pattern BO continuation pause

VIX up .29 at 16.15

QQQ down 4.66 at 475.34

MMM, KO, DIS, AXP led the DJIA, 21 advancers, -7

DAY, JKHY, EOG, WBD led the SPX, 264 advancers

TEAM, WBD, XEL, CHTR led the NDX, 43 advancers

Up:  DIA, IWM,

Down:  SPY, QQQ,

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

The SPY MFC green line is pointed up at 90 and is short-term bullish.

Uptrend sectors:   XLV, XLP, XLRE, XLU, XLF, XLI, XLC, XLB, XLK,

Neutral sectors:  XLY, XLE,

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: Sideways

43 of 100 NDX stocks closed higher on Monday.

66 NDX stocks are above their 30 DMA:  CHTR, EA, CTAS, GILD, AEP, CTSH, ILMN, ADP, PAYX, EXC, XEL, KHC, PEP, ORLY, MDLZ, KDP, PYPL, AZN, DASH, TMUS, MELI, ISRG, FTNT, REGN, GEHC, LIN, META, COST, PANW, TTD, SBUX, ADSK, ANSS, CCEP, NFLX, AVGO, KLAC, NVDA, AAPL, ADBE, CSCO, IDXX, MDB, MRVL, ODFL, ROP, ROST, TXN, WDAY, ZS, CEG, TTWO, AMD, CPRT, BKNG, CDW, CSGP, LULU, ADI, CHTR, CMCSA, CRWD, DDOG, FAST, ON, WBD, TEAM,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 1

TEAM,  

Moving Below 30 DMA = 3

ASML, CDNS, PDD,

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