SPY bounced from the 30sdma and IWM broke below diagonal support. QQQ new highs

                   

SPY Market Forecast 70.05 Short-term bullish   Pointing up            

   0.62 PCALL - 10 day SMA (0.75 - 1.00)            

   138.84   SKEW (120 - 135)              

                   

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

  6-months UP                

  10-days UP                

  3-days Sideways                

                   

Indices                   

  QQQ +0.84% ; SPY -0.57% ;  DIA -1.33% ; IWM -2.02%       

  TLT +1.59% at 167.17              

  VIX +4.20% at 29.26              

                   

Sectors                   

  2 sectors closed higher led by  XLK +0.36%  and  XLC +0.12%    Lower =  9      

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

                   

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

Sideways XLRE, XLV, XLP, XLU, XLF                

Downtrend                  

                   

                   

Breath:                   

 Weakened  as  Decliners led  788   to   2195 and  Nasdaq   Weakened  as  Decliners led 1051   to   2302   

                   

                   

NDX Leaders:                    

51 closing higher  and  52 closing Lower             

AMD : +7.16% ;  NTES : +6.31% ;  MXIM : +3.85%         

                   

DJIA Leaders:                    

5 closing higher  and  25 closing Lower             

WMT : +2.66% ;  CSCO : +1.94% ;  MSFT : +0.70%         

                   

SP500 Leaders:                    

114 closing higher  and  391 closing Lower             

FFIV : +7.94% ;  AMD : +7.16% ;  PNR : +4.59%         

                   

NASDAQ 100                  

                   

Nasdaq Above 30MA    =  70                

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

                   

Stocks to watch on  Friday                

Nasdaq100  xsing above30   = 3                

CSCO, MU, BKNG                 

                   

Nasdaq100  xsing below30  = 6                

ORLY, CTSH, ISRG, GILD, PCAR, CTAS                

                   

                   

MACD Crossover:                 

Up   6                

MCHP, CSCO, NXPI, ADI, AVGO, WDC                

                   

Down   8                

ILMN, XEL, GILD, MDLZ, FISV, EXPE, NTAP, WBA