Market made an attempt to break higher but retraced to 30d SMA ahead of the long weekend. Bulls seems to be in control

VIX :   18.98 +6.15%                                               

/CL :    55.16 -2.56%                                               

TLT :  147.28 +0.03%                                               

                                                

SPY Market Forecast   39.19  Short-term Bullish    and pointing down and in the neutral zone                                      

  6-months Up                                              

  10-days Up                                              

  3-days Up                                              

                                                

Indices                                                 

Up:                                                   

Down:    SPY:  -0.04% ;  DIA:  +0.09% ;   IWM:  -0.18% ;  QQQ :  -0.24%                                     

                                                

Nasdaq Above 30MA    =  50                                              

WDC, DLTR, QCOM, AMAT, LBTYK, LRCX, MU, ASML, WLTW, LBTYA, JBHT, KLAC, AMGN, CSX, EA, VRTX, CHTR, NXPI, PEP, NTES, INTU, BKNG, VRSK, SNPS, NVDA, FAST, ADP, CMCSA, SYMC, IDXX, TXN, MDLZ, AAPL, MSFT, CTAS, GOOGL, CELG, TTWO, GOOG, ORLY, XEL, COST, SIRI, FISV, ATVI, LULU, JD, ROST, SBUX, MYL

                                                

Stocks to watch on  Tuesday                                              

Nasdaq100  xsing above30   = 6                                              

DLTR, AMAT, LBTYK, LBTYA, CSX, ISRG                                            

                                                

Nasdaq100  xsing below30  = 3                                              

AVGO, EBAY, INCY                                               

                                                

NDX Leaders:   60 closing higher  and  42 closing lower                                         

WDC :  +3.98% ;  DLTR : +3.95% ;  WYNN : +3.60%                                       

DJIA Leaders:   19 closing higher  and  11 closing lower                                         

WBA :   +1.57% ;  UNH :   +1.47% ;  INTC :   +1.15%                                       

SP100 Leaders:   64 closing higher  and  36 closing lower                                         

DD :   +3.28% ;  QCOM :   +1.73% ;  GE :   +1.73%                                       

                                                

Sectors  Six sectors closed higher led by  XLB +0.67%  and  XLI +0.41%    Lower =  4                                    

  XLK,   XLY,  XLI, XLRE, XLU, XLP  closing above 30d. SMA  and  9 Sectors are below.                                        

Uptrend XLRE,  XLP,  XLU, XLK                                         

Sideways XLY,  XLB,  XLV,  XLF, XLI, XLC                                     

Downtrend XLE                                               

                                                

Breath:  Weakened slightly as decliners led    NYSE:  1661   to   1237 and  decliners led   Nasdaq:     1578   to   1522                                   

                                                

MACD Crossover: CTRP, LRCX, FOXA, FOX, NTES, SWKS, AAPL, GOOGL, GOOG                                      

Back to resistance, bulls in control once again...

VIX :   17.88 -7.60%                                             

/CL : 56.61 1.27%                                             

TLT :  147.24 -0.38%                                             

                                              

SPY Market Forecast  31.77  Short-term Bullish    and pointing down and in the neutral zone                                    

  6-months Sideways                                            

  10-days Up                                            

  3-days Up                                            

                                               

Indices                                               

Up:    IWM:  +1.75% ;  QQQ :  +1.53% ;  DIA:  +1.35% ;   SPY:  +1.28%                                   

Down:                                                 

                                              

Nasdaq Above 30MA    =  48                                            

GOOG, GOOGL, BKNG, AVGO, CHTR, NVDA, INTU, SNPS, LRCX, ASML, IDXX, AAPL, LULU, NTES, WLTW, JBHT, KLAC, MSFT, ROST, CTAS, ADP, QCOM, COST, ORLY, WDC, MU, NXPI, TTWO, INCY, VRSK, FISV, PEP, TXN, ATVI, MYL, FAST, VRTX, EA, SBUX, XEL, EBAY, JD, CMCSA, MDLZ, SYMC, SIRI, CELG, AMGN

                                              

Stocks to watch on  Friday                                            

Nasdaq100  xsing above30         =  5                                           

CHTR, NVDA, INTU, JBHT, ORLY                                           

                                               

Nasdaq100  xsing below30        = 1                                           

DLTR                                               

                                              

NDX Leaders:   98 closing higher  and  5 closing Lower                                       

MYL :  +3.92% ;  AAL : +3.91% ;  NVDA : +3.59%    

                                

DJIA Leaders:   26 closing higher  and  4 closing Lower                                       

CAT :   +2.53% ;  HD :   +2.42% ;  INTC :   +2.36%                                     

SP100 Leaders:   87 closing higher  and  13 closing Lower                                       

LOW :   +4.08% ;  FOXA :   +2.99% ;  HAL :   +2.94%                                     

                                              

Sectors  All eleven sectors closed higher led by XLK +1.74%  and  XLI +1.71%    Lower =  0                                  

 

XLRE, XLC, XLY, XLU, XLP  closing above 30d. SMA  and  6 Sectors are below.                                       

Uptrend XLRE ,  XLP ,  XLU                                         

Sideways XLY ,  XLB ,  XLV ,  XLF , XLI , XLC , XLK                                 

Downtrend XLE                                             

                                              

Breath:  Strengthened as advancers led    NYSE:  2297   to   662 and  advancers led   Nasdaq:     2206   to   866                                 

                                              

MACD Crossover: MU, CDNS, AMAT, TSLA, ROST, AMD, CTSH, MSFT, LBTYK, WLTW, CHKP, ADP, SIRI, TMUS, EBAY, PAYX, ADI, BKNG, MAR                          

Bulls and bears fight continues within the range. SPY tried to go higher and sold out from the early morning gap.

VIX :   20.31  +5.12%                        

/CL :    55.69 +3.51%                        

TLT :  147.61 +1.54%                        

                          

SPY Market Forecast 35.03 Short-term Bearish  and pointing down and in the neutral zone               

  6-months Sideways                       

  10-days Sideways                       

  3-days Down                       

                         

Indices                          

Up:                            

Down:    QQQ :  -0.21% ;  SPY:  -0.39% ;  DIA:  -0.50% ;   IWM:  -1.48%              

                         

Nasdaq Above 30MA    =  27                       

COST, ATVI, NTES, IDXX, QCOM, VRSK, KLAC, PEP, XEL, JD, CMCSA, FISV, AMGN, CHTR, CTAS, TTWO, BKNG, INTU, SNPS, ADP, MDLZ, JBHT, CELG, EA, SBUX, SYMC, VRTX

                         

Stocks to watch on  Wednesday                       

Nasdaq100  xsing above30         =  5                      

IDXX, QCOM, JD, CMCSA, CTAS                      

                         

Nasdaq100  xsing below30        = 3                      

AAPL NVDA INCY                        

                         

NDX Leaders:    41 closing higher  and  62 closing Lower                  

COST :  +5.00% ;  ATVI : +4.93% ;  NTES : +3.06%                

DJIA Leaders:   11 closing higher  and  19 closing Lower                  

JNJ :   +1.44% ;  PG :   +1.03% ;  IBM :   +0.91%                

SPX Leaders:   35 closing higher  and  65 closing Lower                  

COST :   +5.00% ;  QCOM :   +1.45% ;  JNJ :   +1.44%                

                         

Sectors    Three sectors closed higher led by XLC         48.71   +0.19%     and  XLU   62.3 +0.18%   Lower = 8              

  XLRE, XLU, XLP  closing above 30d. SMA  and  9 Sectors are below.                  

Uptrend XLRE ,  XLP ,  XLU                    

Sideways XLY ,  XLB ,  XLV ,  XLF , XLI , XLC , XLK            

Downtrend XLE                        

                         

Breath:    Weakened as decliners led  NYSE:  1013   to   1950 and  decliners led   Nasdaq:     859   to   2228            

                         

MACD Crossover: NTES, FB, INTC, VRSN, ASML