Monday, August 26, 2019

Trade in the range continues as bulls fight the breakdown. Not good spot for swing traders!!!


VIX :   19.32 -2.77%                      
/CL : 53.8 -0.31%                      
TLT :  145.37 -0.40%                      
                       
SPY Market Forecast 38.17 Short-term Bearish  and pointing down and in the neutral zone             
  6-months Sideways                     
  10-days Sideways                     
  3-days Down                     
                       
Indices                        
Up:  QQQ :  +1.51% ;  SPY:  +1.11% ;   IWM:  +1.10% ;   DIA:  +1.10%            
Down:                         
                       
Nasdaq Above 30MA    =  25                     
CELG , AMGN , CHTR , ATVI , PEP , SBUX , AAPL , NVDA , VRSK , XEL , COST , FISV , JBHT , EA , MDLZ , KLAC , INTU , TTWO , ADP , SNPS , INCY , BKNG , NTES , SYMC , VRTX
                       
                       
Stocks to watch on  Tuesday                     
Nasdaq100  xsing above30      = 10                    
CHTR , ATVI , AAPL , NVDA , COST , JBHT , MDLZ , ADP , INCY , BKNG               
                        
Nasdaq100  xsing below30     = 2                    
QCOM , ALXN                       
                       
NDX Leaders 94 closing higher ; 9 closing Lower                
JD :   +3.37%  ;  CELG : +3.20%  ;  AMGN : +3.18%              
DJIA Leaders 30 closing higher ; 0 closing Lower                
NKE :   +2.25%  ;  DIS :   +2.23%  ;  AAPL :   +1.90%              
SPX Leaders 91 closing higher ; 9 closing Lower                
BMY :   +3.28%  ;  CELG :   +3.20%  ;  AMGN :   +3.18%              
                       
Sectors    All eleven sectors closed higher led by XLC         48.62   +1.50%     and  XLK      78.24 +1.39%                    Higher=  0           
  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:  Strengthen as Advancers led    NYSE:  1973   to   974 and  Advancers led   Nasdaq:     2013   to   1067          
                       
MACD Crossover: CELG HSIC TMUS                   


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