SPY bounced after lower opening to close right below the 10d sma maintaining the sideways bias.

SPY, IWM and DIA moving sideways. QQQ in a bull flag. 

                     

                     

SPY Market Forecast 85.79 Short-term defensive Pointing lower             

   0.83 PCALL - 10 day SMA (0.75 - 1.00)              

   124.35   SKEW (120 - 135)                

                     

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

  6-months Down                  

  10-days Sideways                  

  3-days Down                  

                     

Indices                     

  DIA +1.69% ; SPY +1.20% ;  QQQ +1.14% ; IWM +0.33%         

  TLT +0.98% at 167.14                

  VIX -7.57% at 32.61                

                     

Sectors                     

  10 sectors closed higher led by  XLF +2.57%  and  XLY +1.49%    Lower =  1        

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

                     

Uptrend XLK, XLC                  

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

Downtrend XLF, XLI                  

                     

                     

Breath:                     

 Strengthened  as  Advancers led  1613   to   1350 and  Nasdaq   Weakened  as  Advancers led 1649   to   1649     

                     

                     

NDX Leaders:                      

87 closing higher  and  16 closing Lower               

CTAS : +14.66% ;  LRCX : +8.38% ;  KLAC : +7.73%           

                     

DJIA Leaders:                      

26 closing higher  and  4 closing Lower               

AXP : +7.41% ;  UNH : +4.54% ;  CSCO : +4.53%           

                     

SP500 Leaders:                      

387 closing higher  and  115 closing Lower               

CTAS : +14.66% ;  LEG : +9.79% ;  COF : +9.62%           

                     

NASDAQ 100                    

                     

Nasdaq Above 30MA    =  73                  

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

                     

Stocks to watch on  Friday                  

Nasdaq100  xsing above30   = 11                  

CTAS, LRCX, FOXA, MU, AMD, FOX, EXPE, CHKP, INTC, CSX, NTAP                

                     

Nasdaq100  xsing below30  = 0                  

                     

                     

                     

MACD Crossover:                   

Up   3                  

LRCX, KLAC, CSCO                   

                     

Down   4                  

SWKS, EXC, WDAY, LBTYK