FAANG (FB, AAPL, MSFT, NFLX, GOOGL, AMZN) down for the day..

Playing defensive since the pullback may continue ahead of the weekend. 

All FAANG closed lower, QQQ closing 2.6% lower. AAPL broke trendline closing right above 30d sma.

The intermediate trend is still up.

GLD and SLV are in a strong uptrend

                   

SPY Market Forecast 93.86 Short-term defensive Pointing down in the upper reversal zone         

   0.58   PCALL - 10 day SMA (0.75 - 1.00)             

   140.39   SKEW (120 - 135)               

                    

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

  6-months Sideways                 

  10-days UP                 

  3-days Down                 

                    

Indices                    

  IWM +0.10% ; SPY -1.19% ;  DIA -1.22% ; QQQ -2.61%        

  TLT +1.17% at 169.75               

  VIX +7.24% at 26.08               

                    

Sectors                    

  3 sectors closed higher led by  XLP +0.35%  and  XLU +0.12%    Lower =  8       

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

                    

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

Sideways XLU, XLF, XLE, XLRE                 

Downtrend                   

                    

                    

Breath:                    

 Weakened  as  Decliners led  1427   to   1544 and  Nasdaq   Weakened  as  Decliners led 1253   to   2062    

                    

                    

NDX Leaders:                     

20 closing higher  and  83 closing Lower              

WDC : +5.00% ;  UAL : +4.93% ;  CTAS : +4.72%          

                    

DJIA Leaders:                     

7 closing higher  and  23 closing Lower              

CSCO : +1.09% ;  PG : +0.65% ;  MMM : +0.37%          

                    

SP500 Leaders:                     

224 closing higher  and  280 closing Lower              

WHR : +7.99% ;  GL : +6.13% ;  HSY : +5.68%          

                    

NASDAQ 100                   

                    

Nasdaq Above 30MA    =  75                 

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

                    

Stocks to watch on  Friday                 

Nasdaq100  xsing above30   = 0                 

                    

                    

Nasdaq100  xsing below30  = 17                 

GILD, CSGP, ROST, AVGO, INTU, WDAY, MAR, JD, VRTX, MCHP, ADBE, FB, QCOM, INCY, ZM, MSFT, CTXS           

                    

                    

MACD Crossover:                  

Up   0                 

                    

                    

Down   10                 

COST, TCOM, TTWO, NXPI, MXIM, ANSS, TXN, GOOGL, GOOG, CTXS              

                    

                    

SETUPS                   

BF  : AMAT, BBY, DG, IBKR, SPY, TXN, CDNS, CHKP, SWKS, GOLD              

HBO  : BAC, DIA, DLTR, IWM, MU, ORCL, PEP, TGT, WMT, XLE, ZION, BLK, CPRT, DE            

2T  : TLT                  

MACD  :                   

CHANNEL  : ADBE, ADSK, BABA, BIDU, C, COST, CRM, CSCO, CSX, FAS, INTC, JD, JPM, MS, MSFT, NFLX, NKE, NTAP, NVDA, QQQ, TSLA, UNH, ALGN, CTXS, DOCU, SNPS, SPLK, BIG, CRDW

BEAR  : ADI, NKLA                 

NH  : HD, TWTR, CTAS, FAST, PCAR                

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