Wednesday, October 02, 2019

Bears in control during Tuesday session SPY found support at 288. Diagonal trend-line broken entering again the four week August trading range


VIX :   Up 2 / +10.78%                
/CL : Down -1.51 / -2.80%                
TLT :  Up 0.35 / +0.24%                
                   
SPY Market Forecast    56.16 Short-term Bearish  and pointing down moving in the neutral zone        
  6-months Sideways                 
  10-days down                 
  3-days down                 
                   
Indices                    
Up:                      
Down:    DIA:  -1.80% ; SPY:  -1.77% ;  QQQ :  -1.72% ;  IWM:  -0.75%        
                    
Nasdaq Above 30MA    =  18                 
PAYX, WYNN, DLTR, TSLA, CTXS, EXPE, LRCX, ULTA, CTAS, TXN, ALGN, HAS, ROST, KLAC, ASML, NXPI, AAPL, MCHP   
                   
Stocks to watch on  Saturday                 
Nasdaq100  xsing above30   = 2                 
PAYX, WYNN                   
                   
Nasdaq100  xsing below30  = 17                 
NVDA, AMAT, NTAP, CELG, MXIM, LULU, HSIC, XEL, PEP, ORLY, EA, ILMN, INTC, KHC, ISRG, WBA, UAL    
                   
NDX Leaders:   10 closing higher  and  92 closing Lower            
PAYX :  +1.78% ;  CHTR : +1.27% ;  WYNN : +1.16%          
DJIA Leaders:   1 closing higher  and  29 closing Lower            
JNJ :   +1.55% ;  UNH :   -0.21% ;  DIS :   -0.32%          
SP500 Leaders:   25 closing higher  and  474 closing Lower            
LEN :   +3.77% ;  PAYX :   +1.78% ;  JNJ :   +1.55%          
                   
Sectors  All sectors closed lower   XLRE -0.62%  and  XLU -1.33%    Lower =  11       
            XLU  closing above 30d. SMA  and 10   closing below.
                   
Uptrend XLRE ,  XLP ,  XLU , XLK            
Sideways XLY ,  XLB ,  XLV ,  XLF , XLI , XLC , XLE      
Downtrend                   
                   
Breath:  Weakened as decliners led    NYSE:  637   to   2316 and  decliners led   Nasdaq:     821   to   2307      
                   
MACD Crossover: PAYX, NFLX, TSLA               
                    


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SPY touched all times high once again and reversed at close

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