IWM led followed by QQQ. Still in a short term defensive, as second day of pull back found resistance and bounced a bit.

SPY Market Forecast 95.93 Short-term bearish pointing down in the upper zone           
   0.46   PCALL - 10 day SMA (0.75 - 1.00)             
   135.75   SKEW (120 - 135)               
                    
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA               
  6-months UP                 
  10-days UP                 
  3-days DOWN                 
                    
Indices                    
  IWM +0.97% ; QQQ +0.40% ;  SPY -0.03% ; DIA -0.11%        
  TLT +0.89% at 158.21               
  VIX +1.12% at 22.52               
                    
Sectors                    
  4 sectors closed higher led by  XLE +3.07%  and  XLF +0.17%    Lower =  7       
  9            closing above 30d. SMA  and 2   closing below.
                    
XLE leaders     :    EOG, CVX, PSX, COP              
XLF leaders     :    C, WFC, BAC, GS               
XLK leaders     :    PYPL, AAPL, CRM, INTC              
                    
Uptrend XLE, XLF, XLK, XLC, XLY, XLV, XLP, XLU, XLB, XLI               
Sideways XLRE                  
Downtrend                   
                    
                    
Breath:                    
NYSE Strengthened  as  Advancers led  1664   to   1447 and  Nasdaq   Strengthened  as  Advancers led 2275   to   1378    
                    
                    
NDX Leaders:                     
46 closing higher  and  57 closing Lower              
SBUX : +4.97% ;  BIDU : +4.44% ;  DXCM : +4.14%          
                    
DJIA Leaders:                     
9 closing higher  and  21 closing Lower              
CVX : +3.22% ;  TRV : +1.33% ;  AAPL : +1.20%          
                    
SP500 Leaders:                     
196 closing higher  and  302 closing Lower              
OXY : +9.90% ;  APA : +9.85% ;  TWTR : +8.43%          
                    
NASDAQ 100                   
                    
Nasdaq Above 30MA    =  80                 
SBUX, BIDU, DXCM, TSLA, MELI, SGEN, TTWO, CHTR, PYPL, BMRN, AMD, ILMN, XLNX, CDNS, VRSN, NFLX, LULU, EXPE, AAPL, EA, ASML, WDC, MAR, IDXX, TCOM, DOCU, CTXS, ATVI, ADSK, ISRG, NXPI, SNPS, NTAP, INTC, FISV, EBAY, MNST, AMAT, MCHP, LBTYK, BKNG, ALGN, VRTX, ANSS, FOX, LBTYA, QCOM, MU, KLAC, WBA, SIRI, KHC, ADI, ROST, TMUS, FOXA, INTU, TXN, GOOG, MXIM, GOOGL, CERN, GILD, PEP, AMGN, LRCX, CTSH, CSCO, CHKP, MDLZ, ADP, ULTA, ADBE, AVGO, CMCSA, SWKS, CSX, PAYX, DLTR, FAST
                    
Stocks to watch on  Friday                 
Nasdaq100  xsing above30   = 3                 
DXCM, BMRN, IDXX                  
                    
Nasdaq100  xsing below30  = 2                 
FB, CTAS                   
                    
                    
MACD Crossover:                  
Up   1                 
SBUX                    
                    
Down   15                 
MELI, ASML, DOCU, MCHP, LBTYK, ALGN, VRTX, LBTYA, ADI, TXN, WDAY, GILD, LRCX, CSCO, FAST