Are we in support?? SPY Dropped another 5% in a bearish session, recovering the last 30 minutes. Oil at 22.89.

                     

                     

VIX :   Up 0.54 / +0.71% at 76.45                

/CL : Down -3.93 / -14.65% at 22.89                

TLT :  Up -8.63 / -5.64% at 144.35                

                     

SPY Market Forecast 10.56 Short-term Bullish   Pointing a bit higher - below 20              

                     

LONG TERM UPTREND - QUESTIONED AS BROKE DIAGONAL AND HORIZONTAL SUPPORT              

  6-months Down                   

  10-days Down                   

  3-days Down                   

                     

Indices                      

Up:                        

Down:    IWM:  -7.75% ;  DIA:  -6.60% ; SPY:  -5.06% ; QQQ :  -3.04%          

                     

Nasdaq Above 30MA    =  4                   

GILD, WBA, CTXS, REGN                   

                     

Stocks to watch on  Thursday                   

Nasdaq100  xsing above30   = 1                   

WBA                      

                     

Nasdaq100  xsing below30  = 1                   

TTWO                      

                     

                     

NDX Leaders:   11 closing higher   and  92 closing Lower              

GILD :  +6.58% ;  WBA : +6.47% ;  CSCO : +4.56%            

DJIA Leaders:   6 closing higher   and  24 closing Lower              

WBA :   +6.47% ;  CSCO :   +4.56% ;  WMT :   +2.78%            

SP500 Leaders:   55 closing higher   and  451 closing Lower              

AKAM :   +9.80% ;  HII :   +6.99% ;  GILD :   +6.58%            

                     

Sectors  0 sectors closed higher led by  XLP -2.57%  and  XLV -3.32%    Lower =  11         

  0            closing above 30d. SMA  and 11   closing below.   

                     

Uptrend                     

Sideways                     

Downtrend XLE , XLV , XLB , XLY , XLU , XLP , XLK , XLRE , XLF , XLI , XLC

                     

Breath: Weakened  as  Decliners led  184   to   2852 and  Nasdaq   Weakened  as  Decliners led 349   to   3035      

                     

MACD Crossover: 4                   

GILD, CSCO, COST, KHC