Friday, August 30, 2019

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                                      


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SPY touched all times high once again and reversed at close

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