Market sold steady during the day. SPY formed a bearish engulfing pattern and MFC is short term defensive.

                    
SPY Market Forecast 97 Short-term bearish pointing down in the upper zone           
   0.46   PCALL - 10 day SMA (0.75 - 1.00)             
   134.9   SKEW (120 - 135)               
                    
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA               
  6-months UP                 
  10-days UP                 
  3-days DOWN                 
                    
Indices                    
  DIA -0.44% ; IWM -0.73% ;  SPY -0.90% ; QQQ -2.26%        
  TLT -0.33% at 156.82               
  VIX +7.69% at 22.27               
                    
Sectors                    
  3 sectors closed higher led by  XLE +0.22%  and  XLI +0.22%    Lower =  8       
  10            closing above 30d. SMA  and 1   closing below.
                    
XLE leaders     :    PSX, EOG, WMB, XOM              
XLI leaders     :    GE, UPS, MMM, CAT              
XLB leaders     :    CTVA, DD, APD, LIN              
                    
Uptrend XLE, XLI, XLB, XLY, XLU, XLF, XLV, XLP, XLC, XLK               
Sideways XLRE                  
Downtrend                   
                    
                    
Breath:                    
NYSE Strengthened  as  Advancers led  1587   to   1521 and  Nasdaq   Weakened  as  Advancers led 1276   to   2417    
                    
                    
NDX Leaders:                     
18 closing higher  and  85 closing Lower              
BIDU : +4.55% ;  EXPE : +2.03% ;  ULTA : +1.35%          
                    
DJIA Leaders:                     
16 closing higher  and  14 closing Lower              
GS : +1.67% ;  MMM : +1.64% ;  HD : +1.47%          
                    
SP500 Leaders:                     
220 closing higher  and  280 closing Lower              
NLSN : +9.13% ;  LOW : +5.88% ;  LLY : +5.83%          
                    
NASDAQ 100                   
                    
Nasdaq Above 30MA    =  79                 
BIDU, EXPE, ULTA, DLTR, FAST, BKNG, EA, CSCO, CTXS, AMGN, NTAP, CERN, ROST, CSX, PEP, TTWO, FOXA, PAYX, CMCSA, MNST, KHC, LBTYA, ADP, WBA, FOX, GILD, EBAY, SBUX, LBTYK, MDLZ, CTSH, ATVI, VRSN, INTC, ALGN, TCOM, ILMN, TMUS, ISRG, MAR, CTAS, SGEN, AVGO, ADSK, QCOM, GOOGL, CHKP, GOOG, FB, ANSS, LULU, AMAT, AAPL, INTU, ADBE, TXN, VRTX, MU, CDNS, SNPS, WDC, PYPL, FISV, CHTR, ADI, SIRI, MXIM, XLNX, AMD, ASML, MCHP, LRCX, NFLX, KLAC, SWKS, MELI, NXPI, DOCU, TSLA
                    
Stocks to watch on  Thursday                 
Nasdaq100  xsing above30   = 0                 
                    
                    
Nasdaq100  xsing below30  = 11                 
CDW, COST, CPRT, MSFT, AMZN, IDXX, NTES, NVDA, BMRN, WDAY, DXCM              
                    
                    
MACD Crossover:                  
Up   1                 
FAST                    
                    
Down   18                 
EBAY, SBUX, MDLZ, CTSH, REGN, FB, MSFT, LULU, AMAT, AMZN, PYPL, CHTR, MXIM, NVDA, XLNX, AMD, KLAC, NXPI