This is no joke. 3.3 million in new US Jobless claims last week the expectation is that claims will soar even higher. IWM led the downtrend continuation.

Expected trend continuation in IWM - Russell 2000 ETF closing 6.81% lower than Tuesday and leading down the rest of the indices with higher than average volume.

    

                 

                     

VIX :   Up 3.52 / +6.57% at 57.06                

/CL :    Up 1.1 / +5.47% at 21.2                

TLT :   Up 2.07 / +1.25% at 167.04                

                     

SPY Market Forecast 31.26 Short-term downtrend continuation Pointing a bit lower - above 20              

                     

LONG TERM DOWNTREND.                   

  6-months Down                   

  10-days Sideways                   

  3-days Down                   

                     

Indices                      

Up:                        

Down:    IWM:  -6.81% ; SPY:  -4.50% ; DIA:  -4.49% ;  QQQ :  -4.25%          

                     

Nasdaq Above 30MA    =  13                   

REGN, INCY, JD, NTES, NLOK, ALXN, CDNS, CTXS, TTWO, HAS, AMZN, NFLX, VRTX          

                     

Stocks to watch on  Thursday                   

Nasdaq100  xsing above30   = 1                   

INCY                      

                     

Nasdaq100  xsing below30  = 8                   

CHKP, GILD, ATVI, KHC, IDXX, ILMN, BIIB, NVDA               

                     

                     

NDX Leaders:   9 closing higher   and  94 closing Lower              

REGN :  +1.71% ;  TMUS : +1.47% ;  INCY : +1.30%            

DJIA Leaders:   1 closing higher   and  29 closing Lower              

WMT :   +0.46% ;  PG :   -0.61% ;  XOM :   -1.16%            

SP500 Leaders:   26 closing higher   and  480 closing Lower              

NEM :   +2.63% ;  TGT :   +2.47% ;  K :   +1.83%            

                      

Sectors  0 sectors closed higher led by  XLP -1.69%  and  XLV -3.80%    Lower =  11         

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

                     

Uptrend   None                 

Sideways    None           

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

                     

Breath: Weakened  as  Decliners led  210   to   2799 and  Nasdaq   Weakened  as  Decliners led 455   to   2904      

                     

MACD Crossover: 1                   

COST