SPY continues breaking areas of support. Market Forecast MFC is bearish. All sectors below 30ds SMA. NYSE and Nasdaq continue weakening.

 SPY Market Forecast   10.12 Bearish pointing down in the lower zone                 
   0.99   PCALL - 10 day SMA (0.75 - 1.00)               
                      
SPY INTERMEDIATE TERM:  Downtrend- Price below 30 &10 Wk SMA                  
  6-months SIDEWAYS                   
  10-days DOWN                   
  3-days DOWN                   
                      
Indices                      
UP:                         
Down:     DIA -0.33% ; SPY -1.44% ; IWM -1.65% ; QQQ -2.45%          
                      
  TLT -2.23% at 83.45                 
  VIX +6.43% at 20.19                 
                      
                      
Sectors                      
  2 sectors closed higher led by  XLU +0.56%  and  XLP +0.34%    Lower =  9         
  0           sectors closing above 30d. SMA  and 11   closing below.   
                      
XLU leaders     :    NEE, CMS, PPL, WEC                 
XLP leaders     :    HRL, MKC, CPB, GIS                 
XLE leaders     :    0                  
                      
Uptrend  XLE                    
Sideways  XLC                    
Downtrend  XLU, XLP, XLF, XLV, XLB, XLK, XLI, XLY, XLRE                 
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led              683    to               2,222  and  Nasdaq   Weakened   as  Decliners led            1,181    to            3,057       
                      
                      
NDX Leaders:                        
13 closing higher  and  88 closing Lower                
MSFT : +3.07% ;  WBA : +1.40% ;  KHC : +1.17%            
                      
DJIA Leaders:                        
10 closing higher  and  20 closing Lower                
TRV : +4.31% ;  MSFT : +3.07% ;  WBA : +1.40%            
                      
SP500 Leaders:                        
128 closing higher  and  369 closing Lower                
WM : +6.10% ;  TRV : +4.31% ;  WAB : +4.12%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   20                   
MSFT, FANG, XEL, GILD, DLTR, TMUS, ROST, SGEN, NFLX, SBUX, PDD, CTAS, FAST, AMGN, EA, LULU, VRTX, CEG, PANW, CRWD            
                      
Stocks to watch on    Thursday                   
                      
 Nasdaq100  xsing above30   = 1                  
  DLTR                    
                      
 Nasdaq100  xsing below30  = 0                  
                      
                      
                      
MACD Crossover:                      
Up   1                   
MSFT                      
                      
Down   6                   
GILD, SGEN, BKR, ASML, ISRG, IDXX