QQQ up to new times high, sectors led by XLK and XLV. SPY in a BF Setup and defensive Market forecast.

 
SPY Market Forecast 92.29 Short-term bearish pointing down in the upper zone           
   0.5   PCALL - 10 day SMA (0.75 - 1.00)             
   161.35   SKEW (120 - 135)               
                    
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA               
  6-months UP                 
  10-days SIDEWAYS                 
  3-days DOWN                 
                    
Indices                    
UP:     QQQ +1.27% ;                
Down:        SPY -0.03% ; DIA -0.62% ; IWM -1.12%        
                    
  TLT +1.50% at 143.04               
  VIX -2.20% at 17.75               
                    
SPY   : BF setup    above 30ds SMA             
QQQ   : New all times high    above 30ds SMA             
DIA   : Channel bounce Setup   below 30ds SMA             
IWM   : Channel bounce Setup    above 30ds SMA             
                    
                    
Sectors                    
  7 sectors closed higher led by  XLK +1.16%  and  XLV +0.76%    Lower =  4       
  7            closing above 30d. SMA  and 4   closing below.
                    
XLK leaders     :    ENPH, AMD, XLNX, PAYC              
XLV leaders     :    DHR, TMO, ABMD, CTLT              
XLU leaders     :    NRG, AWK, NEE, AES              
                    
Uptrend XLK, XLV, XLC, XLRE, XLP, XLI, XLB, XLF, XLE               
Sideways XLU, XLY                 
Downtrend                   
                    
                    
Breath:                    
NYSE Weakened  as  Decliners led  1159   to   2152 and  Nasdaq   Weakened  as  Decliners led 1899   to   2416    
                    
                    
NDX Leaders:                     
66 closing higher  and  37 closing Lower              
AMD : +5.55% ;  XLNX : +4.88% ;  NVDA : +4.76%          
                    
DJIA Leaders:                     
12 closing higher  and  18 closing Lower              
MSFT : +1.37% ;  AAPL : +1.26% ;  V : +1.11%          
                    
SP500 Leaders:                     
176 closing higher  and  326 closing Lower              
AMD : +5.55% ;  DHR : +5.04% ;  XLNX : +4.88%          
                    
NASDAQ 100                   
                    
Nasdaq Above 30MA    =  70                 
AMD, XLNX, NVDA, LULU, PYPL, ZM, DOCU, JD, CSGP, MELI, REGN, SPLK, ALGN, ILMN, AMZN, DXCM, CDNS, WDAY, VRSN, TSLA, CPRT, IDXX, FB, ISRG, ADBE, SNPS, COST, MSFT, SGEN, CTAS, ANSS, CHTR, AAPL, VRSK, NFLX, AVGO, INTU, TMUS, PEP, SWKS, GOOGL, KLAC, MDLZ, CMCSA, BMRN, GOOG, CTXS, PAYX, QCOM, AMAT, LRCX, ADP, ADI, INCY, CHKP, MXIM, ASML, TXN, INTC, ALXN, EXC, CERN, LBTYK, LBTYA, ULTA, EBAY, CDW, NTAP, BIIB, SIRI
                    
Stocks to watch on  Friday                 
                    
 Nasdaq100  xsing above30   = 8                
  JD, VRSN, TSLA, COST, CHTR, VRSK, NFLX, MDLZ               
                    
 Nasdaq100  xsing below30  = 7                
  EA, CSCO, NXPI, MAR, FOXA, MCHP, WDC               
                    
                    
MACD Crossover:                  
Up   6                 
AMD, XLNX, NVDA, VRSN, CPRT, CHTR                 
                    
Down   8                 
PAYX, GILD, ALXN, EXC, MAR, EBAY, CTSH, NTAP                
                    
                    
SETUPS                   
BF  :                   
HBO  :                   
2T  :                   
MACD  :                   
CHANNEL  :                   
BEAR  :                   
NH  :                   
EPS  :