Tesla joined SP500 and lost 6.5%. DIA higher and all other indices lower. MFC countertrend defensive.

SPY Market Forecast 89.19 Short-term bearish pointing down in the upper zone                   
   0.51   PCALL - 10 day SMA (0.75 - 1.00)                     
   146.53   SKEW (120 - 135)                       
                            
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA                       
  6-months UP                         
  10-days SIDEWAYS                         
  3-days DOWN                         
                            
Indices                            
UP:     DIA +0.08% ;                        
Down:        IWM -0.05% ; SPY -0.36% ; QQQ -0.37%                
                            
  TLT +0.40% at 156.95                       
  VIX +16.64% at 25.16                       
                            
Sectors                            
  2 sectors closed higher led by  XLF +1.35%  and  XLK +0.10%    Lower =  9               
  8            closing above 30d. SMA  and 3   closing below.         
                            
XLF leaders     :    GS, JPM, BAC, C                       
XLK leaders     :    MSFT, AAPL, PYPL, NVDA                      
XLB leaders     :    BLL, PPG, CTVA, NEM                      
                            
Uptrend XLF, XLK, XLB, XLI, XLC, XLV, XLP, XLY, XLU, XLE                       
Sideways XLRE                          
Downtrend                           
                            
                            
Breath:                            
NYSE Weakened  as  Decliners led  1170   to   2017 and  Nasdaq   Weakened  as  Decliners led 1657   to   2098            
                            
                            
NDX Leaders:                             
24 closing higher  and  78 closing Lower                      
SPLK : +5.11% ;  CHKP : +3.86% ;  DOCU : +2.90%                  
                            
DJIA Leaders:                             
8 closing higher  and  22 closing Lower                      
GS : +6.13% ;  NKE : +4.91% ;  JPM : +3.75%                  
                            
SP500 Leaders:                             
120 closing higher  and  386 closing Lower                      
GS : +6.13% ;  MS : +5.69% ;  NKE : +4.91%                  
                            
NASDAQ 100                           
                            
Nasdaq Above 30MA    =  76                         
CHKP, DOCU, MSFT, AAPL, CSGP, NXPI, IDXX, FAST, PYPL, LRCX, NVDA, CHTR, WDAY, AMAT, ORLY, BIDU, ALGN, AMZN, ISRG, MU, MCHP, WBA, CPRT, CDNS, SNPS, DLTR, SWKS, SBUX, PAYX, NTAP, ANSS, BIIB, KLAC, KHC, CTSH, ROST, TTWO, VRSK, ADBE, VRTX, ILMN, ADP, TXN, NFLX, CMCSA, PEP, ASML, INTU, EA, CTXS, MAR, ALXN, LULU, CSCO, MNST, TMUS, CERN, AVGO, VRSN, ADSK, ADI, MXIM, MELI, BMRN, INCY, SGEN, ATVI, WDC, NTES, XLNX, DXCM, AMD, EBAY, LBTYK, LBTYA, TSLA
                            
Stocks to watch on  Tuesday                         
Nasdaq100  xsing above30   = 1                         
NVDA                            
                            
Nasdaq100  xsing below30  = 7                         
MDLZ, BKNG, EXPE, FISV, EXC, CDW, TCOM                         
                            
                            
MACD Crossover:                          
Up   1                         
ROST                            
                            
Down   8                         
NTAP, CTSH, ASML, MNST, AMD, TCOM, LBTYK, TSLA