Thursday, August 29, 2019

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                          


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SPY touched all times high once again and reversed at close

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