Tuesday, August 06, 2019

SPY, QQQ, DIA, IWM moved higher towards resistance. SPY Market Forecast pointing down Bearish Sentiment.



VIX   20.17, -17.97%
/CL  53.46, -2.82%
TLT  139.98, +0.80%

SPY Market Forecast, 31.29, Short-term Bearish, as pointing Down and in the neutral zone
6-months, Up
10-days, Down
3-days, Down

Indices,
Up  SPY: 287.8, +1.40%,    QQQ: 183.26, +1.40%, DIA: 260.29, +1.24%, IWM: 149.36, +0.92%,
Down

Nasdaq Above 30MA , 17
TTWO, KLAC, NXPI, FISV, CTAS, BIIB, VRSK, SBUX, AMGN, WDC, GOOG, GOOGL, HAS, JBHT, VRTX, CELG, SIRI


Nasdaq100  xsing above30, 6
BIIB, HAS, KLAC, NXPI, TTWO, VRSK, VRTX,

Nasdaq100  xsing below30, 2
KHC, MYL

NDX Leaders
TTWO, +7.96%, KLAC, +7.26%, MELI, +4.67%
DJIA Leaders
NKE, +2.95%, DIS, +2.58%, UTX, +2.43%
SPX Leaders
DD, +3.74%, MA, +3.05%, AIG, +2.97%, NKE, +2.95%

Sectors 10 sectors closed higher led by    XLU  60.03   +1.25%     and   XLB  56.32 +0.12%           Lower:  1

10 Sectors are now below 30 sma.  -  1 sector XLRE back above 30 sma
Uptrend : None
Neutral: XLU, XLB, XLRE, XLV, XLP, XLY, XLI, XLC, XLF, XLK
Downtrend: XLE

Breath    Strengthened as advancers led    NYSE:   2022      920   and      Nasdaq:   2000    1098,

MACD Crossover - None

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