QQQ bull flag bounce, SPY at resistance.

                    

SPY Market Forecast 96.62 Short-term defensive Pointing DOWN in the upper reversal zone         

   0.58   PCALL - 10 day SMA (0.75 - 1.00)             

   133.39   SKEW (120 - 135)               

                    

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

  6-months UP                 

  10-days UP                 

  3-days UP                 

                    

Indices                    

  QQQ +2.52% ; SPY +1.39% ;  DIA +1.03% ; IWM +0.41%        

  TLT -0.91% at 165.59               

  VIX -7.28% at 22.28               

                    

Sectors                    

  10 sectors closed higher led by  XLK +2.27%  and  XLV +1.68%    Lower =  1       

  11            closing above 30d. SMA  and 0   closing below.

                    

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

Sideways XLU, XLRE, XLE, XLF                 

Downtrend                   

                    

                    

Breath:                    

 Strengthened  as  Advancers led  1865   to   1116 and  Nasdaq   Strengthened  as  Advancers led 1932   to   1434    

                    

                    

NDX Leaders:                     

93 closing higher  and  10 closing Lower              

TSLA : +13.12% ;  AMD : +7.45% ;  QCOM : +6.40%          

                    

DJIA Leaders:                     

22 closing higher  and  8 closing Lower              

AAPL : +3.32% ;  MSFT : +2.86% ;  HD : +2.42%          

                    

SP500 Leaders:                     

345 closing higher  and  160 closing Lower              

AMD : +7.45% ;  QCOM : +6.40% ;  NVDA : +5.44%          

                    

NASDAQ 100                   

                    

Nasdaq Above 30MA    =  71                 

TSLA, AMD, QCOM, NVDA, SWKS, NTES, DXCM, KLAC, LRCX, AAPL, ATVI, AMAT, EA, LULU, AVGO, NXPI, IDXX, MSFT, DLTR, JD, AMZN, MNST, TCOM, ADBE, ADI, ANSS, EXC, ORLY, KHC, CDNS, PEP, MXIM, CSCO, TXN, INTU, CSGP, GOOG, FAST, MDLZ, FB, TMUS, CHTR, XLNX, XEL, VRSK, COST, ALGN, BIDU, PYPL, ISRG, BIIB, MELI, CMCSA, CHKP, SIRI, ULTA, CTSH, TTWO, SBUX, ROST, CERN, CTAS, PAYX, BKNG, CPRT, PCAR, WBA, CSX, CDW, MAR, EXPE

                    

Stocks to watch on  Thursday                 

Nasdaq100  xsing above30   = 14                 

TSLA, NTES, DXCM, ATVI, EA, MSFT, JD, ADBE, ADI, ANSS, EXC, PEP, INTU, GOOG             

                    

Nasdaq100  xsing below30  = 0                 

                    

                    

                    

MACD Crossover:                  

Up   6                 

NVDA, ASML, KLAC, AMAT, ALXN, ALGN                 

                    

Down   1                 

CHTR                    

                    

                    

SETUPS                   

BF  : AAPL, ATVI, CAT, COST, EA, IWM, NKE, PYPL, SHOP, SQ, TAL, UNH, ZION, CARR, CDNS, CHTR, FAST, MELI, MNST, NKLA, PCAR, ACN      

HBO  : AMD, BKNG, CSCO, CSX, DLTR, IBKR, MCD, MS, PEP, QQQ, SBUX, SPY, BLK, CHKP, CPRT, KHC, KLAC, LRCX, NXPI, SWKS, TMUS      

2T  : AXP, BAC, DIA, FAS, JPM, CTAS                

MACD  :                   

CHANNEL  : ADBE, AKAM, AMZN, BA, BYND, C, EBAY, FB, GOOGL, INTC, MMM, MSFT, MU, NFLX, ORCL, TLT, TSLA, TWLO, TWTR, V, XLE, XLNX, ALGN, AMGN, BMRN, CTSH, CTXS, CVS, DOCU, FISV, MCHP, MXIM, GOLD, CRWD, GDXJ

BEAR  : GILD, ILMN, INCY, AU, DDOG                

NH  : DG, TXN, QCOM, VRSK, BIG                 

EPS  : ADI, ADSK, AMAT, BABA, BBY, BIDU, CRM, HD, JD, NTAP, NVDA, TGT, WMT, DE, NTES, SNPS, SPLK