Still defensive in SPY after a third down day. All indices closed lower and only two sectors closed higher - Energy (XLE) and Utilities (XLU). Consumer Discretionary (XLY) crossed below 30ds SMA joining Technology (XLK). Breath weakened once again

 SPY Market Forecast   88.32 Defensive pointing down in the upper zone                 
   0.74   PCALL - 10 day SMA (0.75 - 1.00)               
                      
SPY INTERMEDIATE TERM:  Sideways- Price in between 30 &10 Wk SMA                
  6-months UP                   
  10-days SIDEWAYS                   
  3-days DOWN                   
                      
Indices                      
UP:                         
Down:     DIA -0.76% ; SPY -0.82% ; QQQ -1.06% ; IWM -2.67%          
                      
  TLT +0.39% at 98.69                 
  VIX +6.36% at 14.04                 
                      
                      
Sectors                      
  2 sectors closed higher led by  XLE +1.63%  and  XLU +0.37%    Lower =  9         
  9           sectors closing above 30d. SMA  and 2   closing below.   
                      
XLE leaders     :    SU, MPC, PBR, PBR/A                 
XLU leaders     :    SO, DUK, AGR, FE                 
XLV leaders     :    LLY, NVS, GSK                 
                      
Uptrend  XLV, XLC, XLP, XLF, XLK, XLB, XLI, XLY, XLRE                 
Sideways  XLE, XLU                   
Downtrend                      
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led              792    to               2,025  and  Nasdaq   Weakened   as  Decliners led            1,190    to            3,148       
                      
                      
NDX Leaders:                        
16 closing higher  and  84 closing Lower                
PDD : +2.27% ;  FANG : +2.01% ;  REGN : +1.39%            
                      
DJIA Leaders:                        
9 closing higher  and  20 closing Lower                
CVX : +1.91% ;  MRK : +1.35% ;  AMGN : +1.11%            
                      
SP500 Leaders:                        
103 closing higher  and  398 closing Lower                
LLY : +4.31% ;  MPC : +3.63% ;  EOG : +2.78%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   60                   
PDD, FANG, REGN, AMGN, GOOG, GOOGL, GILD, AEP, XEL, FTNT, CSX, TMUS, WDAY, PEP, CSCO, BKR, VRTX, SPLK, MU, KHC, AZN, GEHC, ADP, META, TTWO, MDLZ, CMCSA, SIRI, COST, CTSH, ZS, CRWD, CCEP, MAR, LULU, TXN, INTC, BIIB, GFS, QCOM, MNST, PCAR, CTAS, BKNG, ROST, HON, DXCM, IDXX, KDP, AMD, MRVL, AVGO, ON, ISRG, ANSS, TEAM, MRNA, WBA, DLTR, ILMN
                      
Stocks to watch on    Thursday                   
                      
 Nasdaq100  xsing above30   = 0                  
                      
                      
 Nasdaq100  xsing below30  = 15                  
  AMZN, CHTR, CDW, LRCX, ASML, INTU, NXPI, FAST, ADI, ADSK, WBD, CSGP, ODFL, TSLA, PYPL            
                      
                      
MACD Crossover:                      
Up   0                   
                      
                      
Down   9                   
GOOG, GOOGL, BKR, INTC, CTAS, HON, KDP, ODFL, DLTR