Tough Week for the Market as Facing Global Economy Weakness due to Corona Virus

                  

Daily Chart

Weekly Chart

VIX :   Up 0.95 / +2.43%               

/CL : Down -1.08 / -2.33%               

TLT :  Up 3.43 / +2.26%               

                  

SPY Market Forecast 7.11 Short-term Bearish in the lower reversal zone - below 20  -  defensive        

  6-months Up                

  10-days Down                

  3-days Down                

                  

Indices                   

Up:    QQQ :  +0.08%                

Down:    SPY:  -0.42% ; DIA:  -1.14% ;  IWM:  -1.83%          

                   

Nasdaq Above 30MA    =  6                

NVDA, REGN, BMRN, NFLX, TMUS, GILD              

                  

Stocks to watch on  Monday                

Nasdaq100  xsing above30   = 1                

NVDA                   

                  

Nasdaq100  xsing below30  = 1                

BIIB                   

                  

NDX Leaders:   40 closing higher  and  63 closing Lower           

NVDA :  +6.92% ;  ADSK : +5.66% ;  XLNX : +5.03%         

DJIA Leaders:   7 closing higher  and  23 closing Lower           

XOM :   +3.25% ;  MSFT :   +2.42% ;  DOW :   +2.17%         

SP500 Leaders:   129 closing higher  and  375 closing Lower           

XEC :   +7.83% ;  NCLH :   +7.25% ;  NVDA :   +6.92%         

                  

Sectors  2 sectors closed higher led by XLK +0.76%  and  XLC +0.30%    Lower =  9      

  0            closing above 30d. SMA  and 11   closing below.

                  

Uptrend                  

Sideways XLF , XLP , XLU , XLI , XLC , XLK , XLI , XLRE   

Downtrend XLE , XLV , XLB             

                  

Breath:  Weakened as decliners led    NYSE:  716   to   2307 and  Nasdaq weakened as decliners led   Nasdaq:     1158   to   2190     

                  

MACD Crossover:                 

                  

All Sector Closed Negative Today Led by XLRE down -5.65% - SPY Down -4.49%

                  

VIX :   Up 11.6 / +42.09%               

/CL : Down -2.31 / -4.75%               

TLT :  Up 1.63 / +1.08%               

                  

SPY Market Forecast 17 Short-term Bearish  crossed below 20  -  defensive          

  6-months Up                

  10-days Down                

  3-days Down                

                  

Indices                   

Up:                     

Down:    QQQ :  -5.01% ; DIA:  -4.54% ;  SPY:  -4.49% ; IWM:  -3.52%       

                   

Nasdaq Above 30MA    =  6                

BMRN, NFLX, TMUS, GILD, BIIB, REGN              

                  

Stocks to watch on  Friday                

Nasdaq100  xsing above30   = 0                

                  

                  

Nasdaq100  xsing below30  = 7                

INCY, EBAY, XEL, NVDA, ROST, NTES, TSLA             

                  

NDX Leaders:   2 closing higher  and  101 closing Lower           

KLAC :  +0.49% ;  WYNN : +0.37% ;  MAR : -0.46%         

DJIA Leaders:   1 closing higher  and  29 closing Lower           

MMM :   +0.81% ;  PFE :   -1.79% ;  MRK :   -2.33%         

SP500 Leaders:   15 closing higher  and  490 closing Lower           

PWR :   +6.31% ;  APA :   +2.62% ;  HBI :   +1.50%         

                  

Sectors  None of the  sectors closed higher led by XLV -3.40%  and  XLI -3.71%    Lower =  11      

  None of the sectors           closing above 30d. SMA  and 11   closing below.

                  

Uptrend                  

Sideways XLF , XLP , XLU , XLI , XLC , XLK , XLI , XLRE   

Downtrend XLE , XLV , XLB             

                  

Breath:  Weakened as decliners led    NYSE:  311   to   2699 and  Nasdaq weakened as decliners led   Nasdaq:     472   to   2828     

                  

MACD Crossover:                 

Only QQQ Closed Positive +0.52% today Finding some support at 215.66 (50% fib retracement). IWM led the bears loosing an extra 1.16% and closing at 154.5

                  

VIX :   Up -0.29 / -1.04%               

/CL : Down -1.19 / -2.39%               

TLT :  Up -0.8 / -0.53%               

                  

SPY Market Forecast 34.68 Short-term Bearish  is below 50  -  defensive          

  6-months Up                

  10-days Down                

  3-days Down                

                  

Indices                   

Up:    QQQ :  +0.52%                

Down:    IWM:  -1.16% ; SPY:  -0.37% ;  DIA:  -0.35%          

                  

Nasdaq Above 30MA    =  13                

BIIB, BMRN, EBAY, GILD, INCY, NFLX, NTES, NVDA, REGN, ROST, TMUS, TSLA, XEL       

                  

Stocks to watch on  Thursday                

Nasdaq100  xsing above30   = 3                

INCY, NTES, ROST                 

                  

Nasdaq100  xsing below30  = 0                

                  

                  

NDX Leaders:   48 closing higher  and  54 closing Lower           

GILD :  +6.56% ;  NFLX : +5.32% ;  REGN : +3.52%         

DJIA Leaders:   8 closing higher  and  22 closing Lower           

PFE :   +2.33% ;  AAPL :   +1.59% ;  MMM :   +1.44%         

SP500 Leaders:   119 closing higher  and  384 closing Lower           

TJX :   +7.15% ;  GILD :   +6.56% ;  CME :   +5.69%         

                  

Sectors  One of the  sectors closed higher led by XLK +0.46%  and  XLV -0.01%    Lower =  10      

  None of the sectors           closing above 30d. SMA  and 11   closing below.

                  

Uptrend                  

Sideways XLF , XLP , XLU , XLI , XLC , XLK , XLI , XLRE   

Downtrend XLE , XLV , XLB             

                  

Breath:  Weakened as decliners led    NYSE:  1012   to   1949 and  Nasdaq weakened as decliners led   Nasdaq:     1156   to   2054     

                  

MACD Crossover:    None