All sectors closed lower. SPY found support at 278.71 30d sma

SPY continued to the downside for the second day finding support in a similar low. SPY is moving horizontally in a range formed during the last two weeks and it is in the lower of the channel (support). 

SPY Market Forecast 87 Short-term defensive Pointing lower           

   0.82 PCALL - 10 day SMA (0.75 - 1.00)            

   123.43   SKEW (120 - 135)              

                   

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

  6-months Down                

  10-days Up                

  3-days Up                

                   

Indices                   

  QQQ -1.25% ; SPY -1.77% ;  DIA -2.21% ; IWM -3.35%       

  TLT +0.70% at 165.52              

  VIX +6.78% at 35.28              

                   

Sectors                   

  0 sectors closed higher led by  XLU -0.85%  and  XLP -0.90%    Lower =  11      

  6            closing above 30d. SMA  and 5   closing below.

                   

Uptrend XLV, XLC, XLK, XLY, XLB, XLI, XLE               

Sideways XLU, XLP, XLRE, XLF                

Downtrend                  

                   

                   

Breath:                   

 Weakened  as  Decliners led  326   to   2649 and  Nasdaq   Weakened  as  Decliners led 623   to   2647   

                   

                   

NDX Leaders:                    

16 closing higher  and  87 closing Lower             

REGN : +3.51% ;  NTES : +2.86% ;  LBTYK : +2.66%         

                   

DJIA Leaders:                    

1 closing higher  and  29 closing Lower             

MRK : +0.91% ;  JNJ : -0.01% ;  WMT : -0.06%         

                   

SP500 Leaders:                    

54 closing higher  and  448 closing Lower             

BLK : +6.90% ;  REGN : +3.51% ;  EQIX : +2.28%         

                   

NASDAQ 100                  

                   

Nasdaq Above 30MA    =  63                

REGN, NTES, LBTYK, LBTYA, ATVI, PYPL, JD, VRSN, NFLX, MELI, ALXN, ILMN, AMZN, EA, VRTX, PEP, CDNS, AMGN, TTWO, CTXS, NVDA, INCY, QCOM, CHTR, ASML, KLAC, SBUX, EBAY, IDXX, ORLY, AAPL, FAST, VRSK, FISV, SNPS, BIIB, MSFT, BMRN, MNST, INTU, AMAT, NLOK, ADBE, WLTW, SWKS, GOOG, TMUS, MXIM, GOOGL, AVGO, KHC, ADSK, TSLA, MCHP, FB, WYNN, ADI, ALGN, ISRG, CSCO, WDAY, NXPI, LULU

                   

Stocks to watch on  Thursday                

Nasdaq100  xsing above30   = 0                

                   

                   

Nasdaq100  xsing below30  = 23                

COST, INTC, PCAR, JBHT, TXN, CHKP, CSX, AMD, LRCX, CTAS, EXC, TCOM, FOXA, FOX, HSIC, NTAP, SIRI, MYL, EXPE, MU, ADP, ULTA, CTSH      

                   

                   

MACD Crossover:                 

Up   1                

REGN                   

                   

Down   20                

LBTYA, CTXS, QCOM, ASML, KLAC, IDXX, VRSK, MSFT, INTU, ADBE, GOOG, GOOGL, BIDU, FB, ISRG, CSCO, LRCX, NTAP, MU, AAL