It was about time to cut the insanity. QQQ led the entrancement 2.06%

                       

SPY Market Forecast 70.88 Short-term defensive Pointing down               

   0.62 PCALL - 10 day SMA (0.75 - 1.00)                

   135.68   SKEW (120 - 135)                  

                       

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

  6-months UP                    

  10-days UP                    

  3-days DOWN                    

                       

Indices                       

  DIA +0.08% ; SPY -0.87% ;  IWM -1.27% ; QQQ -2.06%           

  TLT +0.33% at 166.88                  

  VIX +17.96% at 32.19                  

                       

Sectors                       

  4 sectors closed higher led by  XLV +0.57%  and  XLF +0.43%    Lower =  6          

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

                       

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

Sideways XLV, XLF, XLU, XLP, XLRE                    

Downtrend                      

                       

                       

Breath:                       

 Weakened  as  Decliners led  1094   to   1897 and  Nasdaq   Weakened  as  Decliners led 1025   to   2305       

                       

                       

NDX Leaders:                        

19 closing higher  and  84 closing Lower                 

WYNN : +9.62% ;  MXIM : +8.11% ;  CSX : +1.63%             

                       

DJIA Leaders:                        

17 closing higher  and  13 closing Lower                 

PFE : +4.08% ;  UNH : +2.91% ;  CAT : +2.00%             

                       

SP500 Leaders:                        

227 closing higher  and  277 closing Lower                 

WYNN : +9.62% ;  MHK : +8.70% ;  MXIM : +8.11%             

                       

NASDAQ 100                      

                       

Nasdaq Above 30MA    =  76                    

MXIM, CTSH, FAST, KHC, PCAR, DLTR, GILD, AMGN, PEP, CMCSA, NXPI, ILMN, AAPL, VRSK, CHTR, REGN, LRCX, LBTYA, IDXX, LBTYK, COST, ALGN, BKNG, XLNX, QCOM, TXN, BMRN, KLAC, SWKS, MNST, NTES, EBAY, AMAT, GOOGL, ASML, MCHP, SNPS, GOOG, ANSS, CTXS, CHKP, FB, AVGO, CDNS, AMZN, TSLA, MSFT, INTU, VRTX, SGEN, BIDU, PYPL, EA, NVDA, ATVI, NFLX, TTWO, JD, ADBE, MELI, ZM, WDAY, SPLK, DXCM, DOCU, SWKS, VRSN, AMAT, ADSK, AMD, JD, PYPL, INCY, REGN, SNPS, SGEN

                       

Stocks to watch on  Tuesday                    

Nasdaq100  xsing above30   = 1                    

DLTR                       

                       

Nasdaq100  xsing below30  = 12                    

ORLY, ISRG, CSCO, TMUS, MU, LULU, INCY, AMD, VRSN, ADSK, CSGP, ADI                 

                       

                       

MACD Crossover:                     

Up   6                    

CSX, NTAP, KHC, PCAR, GILD, MDLZ                    

                       

Down   23                    

AMGN, ISRG, IDXX, WDC, QCOM, KLAC, SWKS, AMAT, CPRT, MCHP, SNPS, MU, AVGO, LULU, MSFT, INTU, VRTX, SGEN, VRSN, ADBE, WDAY, ADI, SPLK