IWM leading to the upside. All Sectors higher and above 30d sma

                   

SPY Market Forecast 93.71 Short-term Defensive Pointing down           

   0.74 PCALL - 10 day SMA (0.75 - 1.00)            

   129.96   SKEW (120 - 135)              

                   

INTERMEDIATE TERM: Sideways- Price in between 30 &10 Wk SMA             

  6-months Down                

  10-days Up                

  3-days Sideways                

                   

Indices                   

  IWM +3.11% ; DIA +2.21% ;  SPY +1.49% ; QQQ +0.55%       

  TLT -0.18% at 163.03              

  VIX -1.39% at 27.62              

                   

Sectors                   

  11 sectors closed higher led by  XLF +4.34%  and  XLI +3.34%    Lower =  0      

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

                   

Uptrend XLC, XLK                

Sideways XLRE, XLY, XLP, XLE, XLU, XLV, XLB               

Downtrend XLF, XLI                

                   

                   

Breath:                   

 Strengthened  as  Advancers led  2420   to   550 and  Nasdaq   Strengthened  as  Advancers led 2262   to   1010   

                   

                   

NDX Leaders:                    

81 closing higher  and  22 closing Lower             

MU : +7.97% ;  AAL : +7.54% ;  MYL : +6.32%         

                   

DJIA Leaders:                    

27 closing higher  and  3 closing Lower             

AXP : +7.33% ;  GS : +6.94% ;  JPM : +5.79%         

                   

SP500 Leaders:                    

431 closing higher  and  72 closing Lower             

M : +19.61% ;  GPS : +18.37% ;  JWN : +16.84%         

                   

NASDAQ 100                  

                   

Nasdaq Above 30MA    =  89                

MU, AAL, MYL, ULTA, SIRI, VRTX, HSIC, JBHT, ADP, ORLY, CTSH, UAL, LRCX, PCAR, IDXX, TTWO, ALXN, MAR, MCHP, XLNX, CHTR, BMRN, DLTR, KHC, ILMN, NTAP, CSCO, PAYX, FOX, WYNN, NXPI, MNST, AMAT, LBTYA, FOXA, WDC, FAST, CSX, ROST, AVGO, INTC, WBA, VRSK, EBAY, TXN, ADI, TMUS, QCOM, LBTYK, WLTW, ALGN, WDAY, SNPS, SWKS, HAS, SBUX, CMCSA, EXC, ISRG, EA, AAPL, CDNS, ATVI, TSLA, ADSK, MSFT, FISV, GOOG, KLAC, LULU, GOOGL, BIDU, INTU, ADBE, CHKP, ASML, CTAS, INCY, AMZN, PYPL, TCOM, JD, MXIM, FB, EXPE, MELI, NVDA, NTES, BKNG

                   

Stocks to watch on  Thursday                

Nasdaq100  xsing above30   = 3                

VRTX, ADP, CTSH                 

                   

Nasdaq100  xsing below30  = 0                

                   

                   

                   

MACD Crossover:                 

Up   11                

MU, MYL, SIRI, ADP, CTSH, ALXN, KHC, WYNN, NXPI, VRSK, MDLZ              

                   

Down   4                

ADBE, JD, NVDA, NTES                 

                   

Strong gap in SPY and range during the day. Sellers show up at the end of the day.

                      

SPY Market Forecast 91.71 Short-term Defensive Pointing down              

   0.75 PCALL - 10 day SMA (0.75 - 1.00)               

   129.11   SKEW (120 - 135)                 

                      

INTERMEDIATE TERM: Sideways- Price in between 30 &10 Wk SMA                

  6-months Down                   

  10-days Up                   

  3-days Sideways                   

                      

Indices                      

  IWM +2.88% ; DIA +2.19% ;  SPY +1.23% ; QQQ -0.27%          

  TLT -1.34% at 163.33                 

  VIX -0.53% at 28.01                 

                      

Sectors                      

  9 sectors closed higher led by  XLF +5.20%  and  XLI +4.20%    Lower =  2         

  9            closing above 30d. SMA  and 2   closing below.   

                      

Uptrend XLC, XLK                   

Sideways XLRE, XLE, XLB, XLY, XLU, XLP, XLV                  

Downtrend XLF, XLI                   

                      

                      

Breath:                      

 Strengthened  as  Advancers led  2492   to   469 and  Nasdaq   Strengthened  as  Advancers led 2322   to   978      

                      

                      

NDX Leaders:                       

67 closing higher  and  36 closing Lower                

UAL : +16.30% ;  AAL : +14.85% ;  TCOM : +9.41%            

                      

DJIA Leaders:                       

24 closing higher  and  6 closing Lower                

GS : +8.96% ;  RTX : +7.45% ;  DOW : +7.39%            

                      

SP500 Leaders:                       

411 closing higher  and  92 closing Lower                

M : +18.43% ;  ADS : +17.53% ;  UAL : +16.30%            

                      

NASDAQ 100                     

                      

Nasdaq Above 30MA    =  86                   

UAL, AAL, TCOM, HAS, WYNN, ULTA, BKNG, MCHP, WBA, BMRN, EXPE, WDC, PCAR, JBHT, JD, CSX, HSIC, CTAS, BIDU, FOX, FOXA, DLTR, MAR, NTES, NXPI, MXIM, SIRI, MYL, FAST, PAYX, KLAC, EXC, TXN, VRSK, CMCSA, XLNX, LRCX, AVGO, ADSK, MU, ALGN, LULU, WLTW, ADI, AMAT, ALXN, FISV, NTAP, KHC, ROST, CHKP, SWKS, GOOGL, GOOG, MNST, TSLA, SBUX, ASML, INTC, WDAY, LBTYA, ILMN, LBTYK, CSCO, EBAY, TMUS, ISRG, CHTR, AMZN, AAPL, INCY, MELI, QCOM, MSFT, FB, CDNS, IDXX, ORLY, SNPS, INTU, ADBE, PYPL, EA, NVDA, ATVI, TTWO

                      

Stocks to watch on  Wednesday                   

Nasdaq100  xsing above30   = 10                   

UAL, AAL, TCOM, HAS, WYNN, WBA, SIRI, MYL, MU, ALXN                 

                      

Nasdaq100  xsing below30  = 4                   

VRSN, AMD, REGN, VRTX                   

                      

                      

MACD Crossover:                    

Up   6                   

TCOM, MCHP, BMRN, PCAR, FISV, COST                   

                      

Down   4                   

MELI, CDNS, AMD, TTWO