SPY MFC Market Forecast is short term defensive. All sectors closed lower. Breath weakened as decliners led.

 SPY Market Forecast   93.01 Defensive pointing down in the upper zone                 
   0.72   PCALL - 10 day SMA (0.75 - 1.00)               
                      
SPY INTERMEDIATE TERM:  Uptrend- Price above 30 &10 Wk SMA                 
  6-months UP                   
  10-days UP                   
  3-days DOWN                   
                      
Indices                      
UP:                         
Down:     DIA -1.25% ; SPY -1.39% ; QQQ -1.49% ; IWM -1.96%          
                      
  TLT +0.68% at 99.56                 
  VIX +9.10% at 13.67                 
                      
                      
Sectors                      
  0 sectors closed higher led by  XLC -0.77%  and  XLE -0.93%    Lower =  11         
  9           sectors closing above 30d. SMA  and 2   closing below.   
                      
XLC leaders     :    GOOGL, GOOG, RCI, META                
XLE leaders     :    PSX, COP, MPC, OXY                 
XLRE leaders     :    CCI, CUBE, AMT, GLPI                 
                      
Uptrend  XLC, XLK, XLI, XLF, XLY                   
Sideways  XLE, XLRE, XLV, XLB, XLU                   
Downtrend  XLP                    
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led              657    to               2,190  and  Nasdaq   Weakened   as  Decliners led            1,282    to            2,994       
                      
                      
NDX Leaders:                        
5 closing higher  and  95 closing Lower                
TEAM : +1.94% ;  GOOGL : +1.24% ;  GOOG : +1.13%            
                      
DJIA Leaders:                        
0 closing higher  and  30 closing Lower                
MCD : -0.60% ;  DOW : -0.62% ;  MSFT : -0.71%            
                      
SP500 Leaders:                        
20 closing higher  and  485 closing Lower                
CVS : +1.29% ;  GOOGL : +1.24% ;  GOOG : +1.13%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   89                   
TEAM, GOOGL, GOOG, DLTR, ODFL, SPLK, FAST, BKR, AZN, META, GEHC, LULU, FTNT, ANSS, ADSK, ADP, CSX, CDW, VRTX, PAYX, CSCO, REGN, KDP, HON, FANG, TMUS, PCAR, TTWO, INTU, ROST, GFS, AAPL, CCEP, IDXX, AMZN, CMCSA, GILD, NFLX, AMGN, CTAS, ROP, SNPS, CDNS, XEL, BKNG, WDAY, BIIB, EA, DDOG, CRWD, CSGP, CTSH, ILMN, INTC, QCOM, TXN, MDB, MELI, PYPL, KHC, ASML, MAR, AEP, ZS, WBA, PDD, COST, PANW, KLAC, AVGO, DASH
                      
Stocks to watch on    Thursday                   
                      
 Nasdaq100  xsing above30   = 0                  
                      
                      
 Nasdaq100  xsing below30  = 5                  
  MSFT, PEP, MNST, MDLZ, CEG                  
                      
                      
MACD Crossover:                      
Up   0                   
                      
                      
Down   9                   
LULU, PAYX, DDOG, CRWD, MNST, AEP, SBUX, MCHP, ABNB