SPY bounced in support in second day bull flag to finish just underneath the 10sdma. MACD and Stochastics in the red zone. SPY MFC short term defensive.

 
SPY Market Forecast 93.94 Short-term bearish pointing down in the upper zone           
   0.49   PCALL - 10 day SMA (0.75 - 1.00)             
   139.92   SKEW (120 - 135)               
                    
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA               
  6-months UP                 
  10-days UP                 
  3-days DOWN                 
                    
Indices                    
  IWM -0.51% ; QQQ -0.22% ;  SPY -0.16% ; DIA +0.10%        
  TLT +0.35% at 158.77               
  VIX +3.77% at 23.37               
                    
Sectors                    
  5 sectors closed higher led by  XLC +0.60%  and  XLI +0.24%    Lower =  6       
  9            closing above 30d. SMA  and 2   closing below.
                    
XLC leaders     :    T, CMCSA, EA, ATVI              
XLI leaders     :    UPS, LMT, HON, CSX              
XLP leaders     :    KMB, PG, COST, KO              
                    
Uptrend XLC, XLI, XLP, XLU, XLK, XLV, XLY, XLB, XLF, XLE               
Sideways XLRE                  
Downtrend                   
                    
                    
Breath:                    
NYSE Weakened  as  Decliners led  1313   to   1815 and  Nasdaq   Weakened  as  Decliners led 1485   to   2210    
                    
                    
NDX Leaders:                     
55 closing higher  and  47 closing Lower              
SGEN : +2.48% ;  BMRN : +2.22% ;  CPRT : +1.94%          
                    
DJIA Leaders:                     
8 closing higher  and  21 closing Lower              
DIS : +13.59% ;  MSFT : +1.30% ;  HON : +1.25%          
                    
SP500 Leaders:                     
191 closing higher  and  308 closing Lower              
DIS : +13.59% ;  ETSY : +2.86% ;  EFX : +2.59%          
                    
NASDAQ 100                   
                    
Nasdaq Above 30MA    =  75                 
SGEN, BMRN, CPRT, BIDU, FAST, DOCU, TTWO, NTAP, VRSN, MELI, SNPS, CDNS, CMCSA, ADP, EA, CERN, FOXA, ATVI, KLAC, PAYX, TMUS, GILD, INTU, MCHP, CSX, CHKP, SIRI, AMAT, IDXX, NFLX, GOOGL, MDLZ, GOOG, ANSS, LRCX, ISRG, PEP, CTSH, DXCM, FOX, VRTX, CSCO, FISV, AMD, MNST, XLNX, KHC, ADI, ADBE, ALGN, WBA, MXIM, ROST, ILMN, ADSK, PYPL, AAPL, NXPI, BKNG, LBTYK, TXN, LBTYA, CHTR, WDC, AVGO, MU, INTC, ASML, CTXS, DLTR, SBUX, MAR, ULTA, TSLA, EXPE
                    
Stocks to watch on  Monday                 
Nasdaq100  xsing above30   = 1                 
CPRT                    
                    
Nasdaq100  xsing below30  = 6                 
AMGN, EBAY, TCOM, SWKS, LULU, QCOM                 
                    
                    
MACD Crossover:                  
Up   1                 
SBUX                    
                    
Down   10                 
INTU, ANSS, ADBE, ADSK, INCY, AVGO, MU, TSLA, SWKS, QCOM