SPY on resistance meeting highs for potential reversal.

                     

SPY Market Forecast 89.7 Short-term bullish   Pointing higher             

                     

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

  6-months Down                  

  10-days Up                  

  3-days Up                  

                     

Indices                     

  QQQ +0.89% ; SPY +0.02% ;  DIA -0.44% ; IWM -0.50%         

  TLT -0.78% at 162.7                

  VIX -1.47% at 27.57                

                     

Sectors                     

  3 sectors closed higher led by  XLV +1.72%  and  XLK +0.66%    Lower =  8        

  10            closing above 30d. SMA  and 1   closing below.  

                     

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

Sideways XLP, XLU, XLRE, XLF                  

Downtrend                    

                     

                     

Breath:                     

 Weakened  as  Decliners led  1005   to   1911 and  Nasdaq   Weakened  as  Decliners led 1469   to   1786     

                     

                     

NDX Leaders:                      

49 closing higher  and  54 closing Lower               

VRTX : +5.03% ;  AMD : +4.79% ;  BIIB : +4.46%           

                     

DJIA Leaders:                      

12 closing higher  and  18 closing Lower               

PFE : +2.36% ;  MRK : +1.98% ;  AAPL : +1.57%           

                     

SP500 Leaders:                      

157 closing higher  and  346 closing Lower               

CAH : +6.74% ;  VRTX : +5.03% ;  AMD : +4.79%           

                     

NASDAQ 100                    

                     

Nasdaq Above 30MA    =  95                  

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

                     

Stocks to watch on  Tuesday                  

Nasdaq100  xsing above30   = 2                  

GILD, ALXN                    

                     

Nasdaq100  xsing below30  = 2                  

BIDU, CMCSA                    

                     

                     

MACD Crossover:                   

Up   9                  

VRTX, HSIC, REGN, SNPS, CSCO, AVGO, AAL, EXC, LRCX                 

                     

Down   2                  

ALGN, CTAS