Moving down, reversal day from yesterday.

                   

                   

SPY Market Forecast 64.24 Short-term bullish Pointing up           

   0.69 PCALL - 10 day SMA (0.75 - 1.00)            

   140.98   SKEW (120 - 135)              

                   

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

  6-months UP                

  10-days Sideways                

  3-days UP                

                   

Indices                   

  QQQ -0.69% ; SPY -1.03% ;  DIA -1.51% ; IWM -1.77%       

  TLT +1.41% at 165.21              

  VIX +5.33% at 29.43              

                   

Sectors                   

  2 sectors closed higher led by  XLP +0.91%  and  XLB +0.03%    Lower =  9      

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

                   

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

Sideways XLP, XLU, XLV, XLRE, XLF                

Downtrend                  

                   

                   

Breath:                   

 Weakened  as  Decliners led  711   to   2279 and  Nasdaq   Weakened  as  Decliners led 901   to   2402   

                   

                   

NDX Leaders:                    

25 closing higher  and  78 closing Lower             

CHKP : +3.90% ;  VRTX : +2.66% ;  JBHT : +2.65%         

                   

DJIA Leaders:                    

2 closing higher  and  28 closing Lower             

WMT : +6.78% ;  PG : +0.49% ;  KO : -0.04%         

                   

SP500 Leaders:                    

70 closing higher  and  433 closing Lower             

WMT : +6.78% ;  ROL : +6.71% ;  APD : +6.52%         

                   

NASDAQ 100                  

                   

Nasdaq Above 30MA    =  75                

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

                   

Stocks to watch on  Wednesday                

Nasdaq100  xsing above30   = 1                

CHTR                   

                   

Nasdaq100  xsing below30  = 12                

MDLZ, AMD, ALXN, CERN, CSCO, WBA, ADP, BKNG, CDW, MU, NTAP, PAYX             

                   

                   

MACD Crossover:                 

Up   6                

VRTX, REGN, SWKS, WDAY, XEL, MDLZ                

                   

Down   5                

PYPL, SPLK, CSCO, ADP, CDW