Equity Roundup, Through Key Support, Utilities Weighing

Stock indexes drifting near session lows, narrow range since midday, Utilities and Consumer Staples weighing. Currently, SPX eminis trade -29.75 (-0.81%) at 3640; DJIA -270.59 (-0.92%) at 28988.59; Nasdaq -42.7 (-0.4%) at 10760.21.

• S&P E-Minis trend conditions remain bearish following last week’s extension lower and break of the July support. Bearish conditions strengthened on breach of key support at 3657.00, Jun 17 low and an important medium-term bear trigger. A break would confirm a resumption of the broader downtrend with focus on 3600.00 Round number support
  
• SPX leading/lagging sectors: Energy sector (+0.77%) finally rebounds from heavy selling last few sessions as crude trades higher (WTI +1.85 at 78.56). Information Technology (-0.31%) w/ hardware and semiconductor shares leading, Health Care (-0.38%) w/ pharmaceuticals and biotech leading. Laggers: Utilities (-1.99%) w/ American Electric (AEP), Entergy (ETR), Edison Int (EIX) and Eversource Energy (WEC) between lower -$2.25-2.50 lower.
• Dow Industrials Leaders/Laggers: Home Depot (HD) +1.19 at 267.77, Apple (APL) +0.58 at 151.35, Salesforce.Com (CRM) +0.24 at 146.56. Laggers: McDonalds (MCD) -5.96 at 237.80, Goldman Sachs (GS) -5.25 at 289.37, Visa (V) -2.98 at 177.61.