Time to get defensive? SPY MFC pointing down. SPY and QQQ in a Bull Flag setup. Basic Materials (XLB) led the sectors.

 SPY Market Forecast 97.81 Defensive pointing down in the upper zone              
   0.49   PCALL - 10 day SMA (0.75 - 1.00)              
   149.24   SKEW (120 - 140)                
                     
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA                
  6-months UP                  
  10-days UP                  
  3-days UP                  
                     
Indices                     
UP:     IWM +0.31% ; DIA +0.28% ; SPY +0.09% ;           
Down:              QQQ -0.14%         
                     
  TLT -0.19% at 149.02                
  VIX +4.49% at 17.22                
                     
SPY   : Bull Flag Setup    above 30ds SMA              
QQQ   : Bull Flag Setup    above 30ds SMA              
DIA   : New all times highs    above 30ds SMA              
IWM   : New all times highs    above 30ds SMA              
                     
                     
Sectors                     
  6 sectors closed higher led by  XLB +1.25%  and  XLE +0.91%    Lower =  5        
  11            closing above 30d. SMA  and 0   closing below.  
                     
XLB leaders     :    FCX, CF, VMC, NUE                
XLE leaders     :    HES, OXY, APA, SLB               
XLV leaders     :    ALXN, VTRS, ALGN, PRGO               
                     
Uptrend XLB, XLE, XLV, XLF, XLK, XLI, XLRE, XLP, XLY                
Sideways XLC, XLU                  
Downtrend                    
                     
                     
Breath:                     
NYSE Strengthened  as  Advancers led  1838   to   1497 and  Nasdaq   Strengthened  as  Advancers led 2599   to   2098     
                     
                     
NDX Leaders:                      
47 closing higher  and  54 closing Lower               
AMD : +10.14% ;  XLNX : +4.79% ;  NVDA : +3.54%           
                     
DJIA Leaders:                      
16 closing higher  and  14 closing Lower               
CAT : +4.07% ;  AXP : +1.90% ;  V : +1.76%           
                     
SP500 Leaders:                      
276 closing higher  and  225 closing Lower               
AMD : +10.14% ;  VTRS : +6.92% ;  FCX : +6.45%           
                     
NASDAQ 100                    
                     
Nasdaq Above 30MA    =  79                  
AMD, XLNX, NVDA, CRWD, ALGN, TCOM, DOCU, SWKS, MU, NTES, REGN, QCOM, MRVL, SPLK, ADSK, MELI, OKTA, WDAY, NFLX, BKNG, SIRI, CDNS, SNPS, DLTR, TEAM, ADBE, MAR, ASML, CTSH, MSFT, DXCM, CSX, CPRT, ADI, VRSK, ISRG, GOOGL, GOOG, INTU, VRSN, AVGO, FAST, ANSS, CSCO, HON, AMAT, SGEN, LRCX, VRTX, LULU, ORLY, IDXX, NXPI, AAPL, WBA, MDLZ, FB, AMZN, ROST, MNST, ADP, KLAC, CDW, AMGN, CTAS, PAYX, PCAR, AEP, CERN, TMUS, SBUX, KHC, KDP, COST, MCHP, EXC, INCY, PEP, TSLA
                     
Stocks to watch on  Tuesday                  
                     
 Nasdaq100  xsing above30   = 3                 
  TCOM, DOCU, SWKS                  
                     
 Nasdaq100  xsing below30  = 5                 
  EA, FOX, BIIB, EBAY, MTCH                  
                     
                     
MACD Crossover:                   
Up   3                  
OKTA, CHTR, TXN                   
                     
Down   7                  
DLTR, TEAM, INTU, AAPL, CTAS, ILMN, EXC                  
                     
                     
SETUPS                    
BF  : ADBE, MSFT, SBUX, CDNS, CTAS, QCOM, SNPS, PAYX, EXC, TSLA, PEP, ADI, COST, VRSK, MELI, DLTR, FAST, MNST, NFLX, MAR, LULU, ISRG, ANSS, TEAM     
HBO  : AMZN, ALGN, CTSH, PCAR, ASML, TMUS, VRSN, FB, ILMN, KHC, NXPI, ORLY, DXCM, HON            
2T  : MCHP, ADSK                  
MACD  :                    
CHANNEL  : AAPL, INTC, CHKP, CHTR, IDXX, SPLK, SWKS, TCOM, XEL, CDW, BIIB, FOXA, FOX, CERN, EBAY, TXN, LRCX, AMGN, DOCU, MU, SIRI, CRWD, CSX, EA, AEP, REGN, MDLZ, OKTA, KDP, MTCH, PDD, VRTX, WBA
BEAR  : PYPL, FISV, ATVI, INCY, GILD, CMCSA, MRNA, PTON               
NH  : XLNX, ADP, AMD, BKNG, GOOGL, KLAC, GOOG, MRVL, SGEN, AVGO              
EPS  : NVDA, CPRT, WDAY, ROST, INTU, AMAT, BIDU, CSCO, JD, NTES, ZM