Where are we going from here? IWM led the move to the downside closing 4% lower. All sectors closed down, although still all above the 30d SMA.

                   

SPY Market Forecast 61.88 Short-term bullish   Pointing a higher           

                   

LONG TERM DOWNTREND - Crossing above 30 DMA               

  6-months Down                

  10-days Up                

  3-days UP                

                   

Indices                   

  QQQ -1.15% ; DIA -1.92% ;  SPY -2.12% ; IWM -4.08%       

                   

                   

Nasdaq Above 30MA    =  97                

MELI, ATVI, NLOK, NFLX, JBHT, TSLA, NTES, JD, CHTR, LULU, EA, EBAY, AMZN, CTXS, ISRG, TTWO, AMD, FAST, BIDU, INCY, GOOG, GOOGL, FB, ORLY, CDNS, SNPS, AAPL, MSFT, CERN, NVDA, TMUS, ILMN, COST, KHC, MDLZ, VRSN, SBUX, CHKP, LBTYK, PYPL, ULTA, BKNG, ADSK, IDXX, QCOM, BIIB, XLNX, MXIM, VRSK, PCAR, AMGN, SIRI, ASML, DLTR, WDAY, ADBE, PEP, ALXN, ADI, MU, REGN, HSIC, CSX, ROST, TXN, VRTX, LBTYA, XEL, CSCO, SWKS, INTC, FOXA, FOX, ALGN, MNST, CMCSA, WYNN, LRCX, INTU, AVGO, CTSH, BMRN, AMAT, GILD, MCHP, HAS, ADP, WDC, EXC, KLAC, MYL, WLTW, NTES, ATVI, HAS, FISV, CHKP

                   

Stocks to watch on  Thursday                

Nasdaq100  xsing above30   = 0                

                   

                   

Nasdaq100  xsing below30  = 5                

PAYX, FISV, NXPI, NTAP, WBA                

                   

NDX Leaders:                    

20 closing higher  and  83 closing Lower             

MELI :  +4.74% ;  ATVI : +3.84% ;  NLOK : +3.30%         

                   

DJIA Leaders:                    

5 closing higher  and  25 closing Lower             

UNH :   +4.13% ;  BA :   +3.53% ;  JNJ :   +1.12%         

                   

SP500 Leaders:                    

37 closing higher  and  467 closing Lower             

UNH :   +4.13% ;  CNC :   +3.95% ;  MKTX :   +3.89%         

                   

Sectors                   

  0 sectors closed higher led by  XLV -0.51%  and  XLC -0.94%    Lower =  11      

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

                   

Uptrend XLV, XLP, XLK, XLU, XLB                

Sideways XLC, XLY, XLRE                

Downtrend XLI, XLF, XLE                

                   

Breath:                   

 Weakened  as  Decliners led  482   to   2492 and  Nasdaq   Weakened  as  Decliners led 737   to   2509   

                   

MACD Crossover:                 

Up   0                

                   

                   

Down   1                

GILD