Wednesday, February 26, 2020

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            
                   


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