Tuesday, February 25, 2020

Another BIG Down Day. This Time Led By IWM -3.55%. Only 2 NDX Stocks closed higher today. Bearish sentiment is still leading!!



                  
VIX :   Up 2.82 / +11.27%               
/CL : Down -1.5 / -2.92%               
TLT :  Up 0.8 / +0.53%               
                  
SPY Market Forecast 53.32 Short-term countertrend  Crossed below 80  -  defensive          
  6-months Up                
  10-days Down                
  3-days Down                
                  
Indices                   
Up:                     
Down:    IWM:  -3.55% ; DIA:  -3.17% ; SPY:  -3.03% ;  QQQ :  -2.72%       
                  
Nasdaq Above 30MA    =  10                
REGN, BIIB, TMUS, EBAY, BMRN, XEL, NFLX, GILD, TSLA, NVDA          
                  
Stocks to watch on  Wednesday                
Nasdaq100  xsing above30   = 0                
                  
                  
Nasdaq100  xsing below30  = 19                
MDLZ, AMZN, INCY, CHTR, ADI, MNST, EXC, DLTR, ULTA, COST, VRSK, CTAS, VRTX, EXPE, CSX, ROST, FAST, CTSH, ATVI
                  
NDX Leaders:   2 closing higher  and  101 closing Lower           
REGN :  +3.99% ;  NTES : +0.87% ;  INTU : -0.57%         
DJIA Leaders:   0 closing higher  and  30 closing Lower           
MCD :   -0.67% ;  JNJ :   -0.86% ;  HD :   -0.97%         
SP500 Leaders:   10 closing higher  and  495 closing Lower           
HPQ :   +5.66% ;  XRX :   +4.59% ;  REGN :   +3.99%         
                  
Sectors  None of the  sectors closed higher led by XLP -1.80%  and  XLU -2.10%    Lower =  11      
  XLRE            closing above 30d. SMA  and 10   closing below.
                  
Uptrend XLRE                 
Sideways XLF , XLP , XLU , XLI , XLC , XLK , XLI     
Downtrend XLE , XLV , XLB             
                  
Breath:  Weakened as decliners led    NYSE:  285   to   2712 and  Nasdaq weakened as decliners led   Nasdaq:     454   to   2824     
                  
MACD Crossover:                 


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SPY touched all times high once again and reversed at close

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