Internals consistently bearish during the intraday with choppy action.

               

The sentiment remains short term bearish. SPY closed below trending line.

SPY Market Forecast 90.96 Short-term defensive Pointing down in the upper reversal zone        

   0.6   PCALL - 10 day SMA (0.75 - 1.00)            

   140.74   SKEW (120 - 135)              

                   

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

  6-months Sideways                

  10-days UP                

  3-days Down                

                   

Indices                   

  SPY -0.64% ; DIA -0.75% ;  QQQ -0.95% ; IWM -1.47%       

  TLT -0.01% at 169.74              

  VIX -0.92% at 25.84              

                   

Sectors                   

  1 sectors closed higher led by  XLY +0.18%  and  XLP -0.13%    Lower =  10      

  9            closing above 30d. SMA  and 2   closing below.

                   

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

Sideways XLF, XLRE, XLE, XLU                

Downtrend                  

                   

                   

Breath:                   

 Weakened  as  Decliners led  1019   to   1927 and  Nasdaq   Weakened  as  Decliners led 899   to   2437   

                   

                   

NDX Leaders:                    

24 closing higher  and  79 closing Lower             

AMD : +16.50% ;  TTWO : +3.00% ;  CMCSA : +2.02%         

                   

DJIA Leaders:                    

8 closing higher  and  22 closing Lower             

VZ : +1.79% ;  CAT : +0.72% ;  MCD : +0.59%         

                   

SP500 Leaders:                    

113 closing higher  and  386 closing Lower             

AMD : +16.50% ;  FE : +7.59% ;  DRI : +3.24%         

                   

NASDAQ 100                  

                   

Nasdaq Above 30MA    =  59                

AMD, TTWO, CMCSA, FOXA, VRSN, TCOM, AMZN, MELI, NVDA, NFLX, SBUX, ATVI, LULU, TXN, DXCM, BKNG, SIRI, CHTR, MDLZ, EBAY, FAST, MNST, EA, COST, CTAS, AAPL, GOOG, CSX, ALGN, CDNS, PCAR, XLNX, IDXX, CTSH, MXIM, VRSK, CERN, KHC, GOOGL, XEL, CHKP, PEP, DLTR, PYPL, CPRT, ILMN, SPLK, ORLY, BMRN, FISV, NTES, ISRG, AMGN, CSCO, EXC, LRCX, SWKS, DOCU, TSLA

                   

Stocks to watch on  Monday                

Nasdaq100  xsing above30   = 3                

FOXA, VRSN, CSGP                 

                   

Nasdaq100  xsing below30  = 17                

LBTYA, LBTYK, EXPE, ADSK, BIIB, SNPS, SGEN, NXPI, NTAP, REGN, CDW, ASML, AMAT, MU, WDC, KLAC, INTC         

                   

                   

MACD Crossover:                 

Up   0                

                   

                   

Down   14                

ALGN, CDNS, ADP, ILMN, PAYX, MAR, EXPE, BIIB, LRCX, SWKS, NTAP, AMAT, KLAC, INTC            

                   

                   

SETUPS                  

BF  : BBY, HD, IBKR, MS, SPY, TSLA, TWTR, TXN, ALGN, BLK, CDNS, CHKP, DE, FAST, GOLD, GDXJ         

HBO  : CSCO, CSX, JD, NKE, PEP, TGT, TLT, CPRT, CTAS, BIG             

2T  :                  

MACD  :                  

CHANNEL  : ADBE, ADSK, AMAT, AXP, BABA, BAC, BIDU, C, COST, CRM, DG, DIA, DLTR, FAS, INTC, IWM, JPM, MSFT, MU, NFLX, NTAP, NVDA, ORCL, QQQ, TAL, UNH, WMT, XLE, CTXS, DOCU, SNPS, SPLK

BEAR  : ADI, CRWD                

NH  : PCAR                 

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