2nd bearish week for SPY. MFC Defensive.

SPY Market Forecast 67.67 Short-term bearish pointing down in the middle zone              
   0.54   PCALL - 10 day SMA (0.75 - 1.00)                
   136.23   SKEW (120 - 135)                  
                       
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA                  
  6-months UP                    
  10-days DOWN                    
  3-days DOWN                    
                       
Indices                       
UP:     QQQ +0.42% ;                   
Down:        IWM -0.14% ; SPY -0.52% ; DIA -1.44%           
                       
  TLT +3.31% at 143.12                  
  VIX -3.25% at 27.95                  
                       
Sectors                       
  3 sectors closed higher led by  XLK +0.53%  and  XLY +0.42%    Lower =  8          
  4            closing above 30d. SMA  and 7   closing below.    
                       
XLK leaders     :    NVDA, PYPL, MSFT, INTC                 
XLY leaders     :    SBUX, BKNG, HD, AMZN                 
XLC leaders     :    CHTR, FB, CMCSA, ATVI                 
                       
Uptrend XLK, XLC, XLI, XLF, XLE                    
Sideways XLY, XLV, XLB, XLP, XLRE, XLU                   
Downtrend                      
                       
                       
Breath:                       
NYSE Weakened  as  Decliners led  1370   to   1896 and  Nasdaq   Weakened  as  Decliners led 1442   to   2592       
                       
                       
NDX Leaders:                        
58 closing higher  and  44 closing Lower                 
SBUX : +4.41% ;  MU : +3.87% ;  AMAT : +3.74%             
                       
DJIA Leaders:                        
5 closing higher  and  25 closing Lower                 
MSFT : +1.48% ;  HD : +1.21% ;  UNH : +1.02%             
                       
SP500 Leaders:                        
160 closing higher  and  343 closing Lower                 
ETSY : +11.48% ;  CCL : +5.03% ;  SBUX : +4.41%             
                       
NASDAQ 100                      
                       
Nasdaq Above 30MA    =  35                    
SBUX, MU, AMAT, LRCX, MCHP, AVGO, BKNG, EXPE, NXPI, CDNS, KLAC, MXIM, ADI, ASML, WDC, SWKS, CMCSA, FOXA, INTC, DXCM, FOX, INTU, IDXX, GOOGL, GOOG, CDW, TCOM, PAYX, CSX, FISV, ADP, MAR, ULTA, KHC, BIDU
                       
Stocks to watch on  Sunday                    
                       
 Nasdaq100  xsing above30   = 9                   
  LRCX, MCHP, AVGO, NXPI, KLAC, MXIM, ADI, ASML, INTU                 
                       
 Nasdaq100  xsing below30  = 5                   
  NFLX, ILMN, BIIB, ROST, CTXS                   
                       
                       
MACD Crossover:                     
Up   3                    
SBUX, CHTR, TMUS                     
                       
Down   4                    
FAST, ULTA, KHC, CTXS                     
                       
 

SPY and QQQ bounced from support

SPY Market Forecast 82.28 Short-term bearish pointing down in the upper zone          
   0.5   PCALL - 10 day SMA (0.75 - 1.00)            
   136.64   SKEW (120 - 135)              
                   
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA              
  6-months UP                
  10-days SIDEWAYS                
  3-days SIDEWAYS                
                   
Indices                   
UP:     SPY +0.12% ; DIA +0.06% ;            
Down:           QQQ -0.30% ; IWM -0.88%       
                   
  TLT -0.29% at 141.77              
  VIX -1.45% at 23.11              
                   
Sectors                   
  8 sectors closed higher led by  XLE +1.65%  and  XLU +0.83%    Lower =  3      
  6            closing above 30d. SMA  and 5   closing below.
                   
XLE leaders     :    WMB, EOG, COP, VLO             
XLU leaders     :    XEL, WEC, ES, AEP              
XLC leaders     :    NFLX, FB, CMCSA, TMUS             
                   
Uptrend XLE, XLC, XLF, XLRE, XLB, XLI, XLK               
Sideways XLU, XLP, XLV, XLY                
Downtrend                  
                   
                   
Breath:                   
NYSE Weakened  as  Decliners led  1258   to   1975 and  Nasdaq   Weakened  as  Decliners led 1146   to   2939   
                   
                   
NDX Leaders:                    
36 closing higher  and  67 closing Lower             
MAR : +4.90% ;  XEL : +2.49% ;  NTES : +2.38%         
                   
DJIA Leaders:                    
16 closing higher  and  14 closing Lower             
DIS : +2.78% ;  V : +1.82% ;  CVX : +1.26%         
                   
SP500 Leaders:                    
269 closing higher  and  233 closing Lower             
MRO : +9.41% ;  WYNN : +7.68% ;  MGM : +5.52%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  51                
MAR, NTES, NFLX, TCOM, MU, FB, FISV, JD, CMCSA, CTXS, KLAC, AMAT, ADP, INTC, PAYX, BKNG, GOOG, GOOGL, ULTA, SWKS, ATVI, MCHP, KHC, EBAY, ASML, MSFT, EXPE, INTU, LRCX, AVGO, CSX, ADI, ROST, WDC, CTAS, MXIM, ILMN, DXCM, CDW, LBTYK, LBTYA, NVDA, FOX, FOXA, BIIB, IDXX, NXPI, NTAP, WDAY, PYPL, BIDU
                   
Stocks to watch on  Wednesday                
                   
 Nasdaq100  xsing above30   = 3               
  NTES, NFLX, FB                
                   
 Nasdaq100  xsing below30  = 6               
  TXN, ORLY, PCAR, ZM, ANSS, ALGN               
                   
                   
MACD Crossover:                 
Up   1                
XEL                   
                   
Down   6                
JD, KLAC, MCHP, VRSK, CDW, COST