Saturday, February 22, 2020

Second day of counter-trend in the indexes. Bull flag second day.




                                                      
VIX :   Up 1.52 / +9.77%                                                   
/CL : Down -0.27 / -0.50%                                                   
TLT :  Up 1.37 / +0.93%                                                   
                                                       
SPY Market Forecast 88.63 Short-term countertrend  above 80 in the upper zone -  defensive                                             
  6-months Up                                                    
  10-days Up                                                    
  3-days Down                                                    
                                                       
Indices                                                       
Up:                                                         
Down:    DIA:  -0.77% ;  IWM:  -1.01% ; SPY:  -1.03% ; QQQ :  -1.92%                                           
                                                      
Nasdaq Above 30MA    =  56                                                    
BMRN, GILD, EBAY, REGN, CTSH, DLTR, VRTX, PEP, XEL, TSLA, BIIB EXC, LBTYK, FAST, VRSK CMCSA, ROST, MDLZ, ULTA, COST, LBTYA, CHTR, CERN, ISRG, TMUS, MNST, MELI, ATVI, CHKP, CSX, ADP, INTU, EXPE, PAYX, SIRI, NTES, ADI, CTAS, NFLX, ADBE, INTC, GOOG, GOOGL, INCY, ADSK, ASML, PYPL, JD, AMZN, CDNS, LULU, MSFT, AMAT, LRCX, NVDA, AMD
                                                      
Stocks to watch on  Monday                                                    
Nasdaq100  xsing above30   = 0                                                    
                                                      
                                                      
Nasdaq100  xsing below30  = 14                                                    
FISV, MXIM, BKNG, TXN, AAPL, AAL, MAR, MCHP, WDC, NXPI, MU, WDAY, SNPS, ALGN                                          
                                                       
NDX Leaders:   15 closing higher  and  88 closing Lower                                               
BMRN :  +6.13% ;  GILD : +4.03% ;  EBAY : +1.35%                                             
DJIA Leaders:   9 closing higher  and  21 closing Lower                                               
UTX :   +1.08% ;  JNJ :   +1.05% ;  TRV :   +0.88%                                             
SP500 Leaders:   131 closing higher  and  374 closing Lower                                               
DE :   +7.00% ;  GILD :   +4.03% ;  MOS :   +3.90%                                             
                                                      
Sectors  3  sectors closed higher led by  XLRE +0.53%  and  XLP +0.17%    Lower =  8                                          
  XLRE, XLP, XLV, XLU, XLB, XLI, XLF, XLC, XLY, XLK   closing above 30d. SMA  and 1   closing below.                                    
                                                       
Uptrend XLC ,  XLU ,  XLK , XLB , XLI , XLF , XLP , XLRE , XLI , XLV                                   
Sideways XLE                                                     
Downtrend                                                      
                                                       
Breath:  Weakened as decliners led    NYSE:  879   to   2049 and  Nasdaq weakened as decliners led   Nasdaq:     991   to   2210                                         
                                                      
MACD Crossover: GILD, TTWO, AMGN                                                  


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SPY touched all times high once again and reversed at close

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