Another higher day for GLD +0.83%. All indices down. Sideways action before earning release of the big boys on Thursday.

                     

SPY Market Forecast 86.29 Short-term defensive Pointing down in the upper reversal zone          

   0.6   PCALL - 10 day SMA (0.75 - 1.00)              

   139.61   SKEW (120 - 135)                

                     

INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA                

  6-months Sideways                  

  10-days Sideways                  

  3-days Sideways                  

                     

Indices                     

  SPY -0.63% ; DIA -0.76% ;  IWM -1.00% ; QQQ -1.27%         

  TLT +0.69% at 170.28                

  VIX +2.83% at 25.44                

                     

Sectors                     

  3 sectors closed higher led by  XLRE +2.02%  and  XLU +1.51%    Lower =  8        

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

                     

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

Sideways XLRE, XLU, XLF, XLE                  

Downtrend                    

                     

                     

Breath:                     

 Weakened  as  Decliners led  1348   to   1602 and  Nasdaq   Weakened  as  Decliners led 1084   to   2208     

                     

                     

NDX Leaders:                      

20 closing higher  and  83 closing Lower               

WBA : +2.11% ;  XEL : +1.27% ;  KHC : +1.18%           

                     

DJIA Leaders:                      

9 closing higher  and  21 closing Lower               

PFE : +3.94% ;  WBA : +2.11% ;  PG : +1.23%           

                     

SP500 Leaders:                      

163 closing higher  and  341 closing Lower               

NCLH : +6.28% ;  VTR : +4.94% ;  REG : +4.61%           

                     

NASDAQ 100                    

                     

Nasdaq Above 30MA    =  68                  

XEL, KHC, SPLK, EXC, LBTYA, AMGN, LBTYK, CHTR, DOCU, MDLZ, DLTR, INTU, MXIM, SGEN, COST, ORLY, PEP, MNST, CSGP, NTES, VRSK, TCOM, PCAR, ANSS, SIRI, CMCSA, ISRG, PYPL, REGN, EA, SNPS, ATVI, AMAT, CDNS, FISV, BKNG, CTSH, DXCM, QCOM, IDXX, ASML, NFLX, SWKS, TXN, EBAY, CTAS, VRSN, AAPL, GOOGL, CPRT, TTWO, AMZN, CERN, FAST, XLNX, CSCO, ILMN, GOOG, AMD, NVDA, BIIB, CSX, CHKP, LRCX, LULU, MELI, ALGN, TSLA

                     

Stocks to watch on  Wednesday                  

Nasdaq100  xsing above30   = 0                  

                     

                     

Nasdaq100  xsing below30  = 13                  

EXPE, MSFT, BMRN, ADBE, WDC, JD, CDW, ADSK, KLAC, SBUX, NTAP, MU, NXPI              

                     

                     

MACD Crossover:                   

Up   2                  

WBA, LBTYA                    

                     

Down   6                  

CHTR, CSCO, ILMN, WDC, CSX, MU                  

                     

                     

SETUPS                    

BF  : HD, IBKR, TWTR, TXN, WMT, CHKP, CTAS, FAST, PCAR, GDXJ              

HBO  : AMAT, BBY, PEP, ALGN, CDNS, CPRT, DE, CRWD                

2T  : TLT                   

MACD  :                    

CHANNEL  : ADBE, ADI, ADSK, AXP, BABA, BAC, C, COST, CRM, CSCO, CSX, DG, DIA, DLTR, FAS, IWM, JD, JPM, MCD, MS, MSFT, MU, NFLX, NKE, NTAP, NVDA, ORCL, QQQ, SBUX, SPY, TGT, TSLA, UNH, XLE, BLK, CTXS, DOCU, NTES, NXPI, SNPS, SPLK, SWKS, BIG

BEAR  : BIDU, INTC                  

NH  :                    

EPS  : AAPL, AKAM, AMD, AMZN, ATVI, BA, BKNG, BYND, CAT, EA, EBAY, FB, GOOGL, MMM, PYPL, SHOP, SQ, TAL, TWLO, V, XLNX, AMGN, BMRN, CARR, CHTR, CTSH, CVS, FISV, GILD, IDXX, ILMN, INCY, KHC, KLAC, LRCX, MCHP, MELI, MNST, MXIM, NKLA, QCOM, TMUS, VRSK, AU, DDOG, GOLD