9 Sectors down on the last day of the quarter. SPY high of the day at 263.33; close enough???

SPY closed at 257.75 while the high of the day was 263.33, a dollar away from 264.41 target. 

                     

                     

VIX :   Down -3.54 / -6.20% at 53.54                

/CL :    Down -0.18 / -0.89% at 20.1                

TLT :   Down -1.35 / -0.81% at 164.97                

                     

SPY Market Forecast 31.37 Short-term  countertrend Pointing a bit higher - above 20              

                     

LONG TERM DOWNTREND.                   

  6-months Down                   

  10-days UP                   

  3-days UP                   

                     

Indices                      

Up:                        

Down:    DIA:  -1.73% ; SPY:  -1.49% ; QQQ :  -0.85% ;  IWM:  -0.50%          

                     

Nasdaq Above 30MA    =  20                   

NTES, REGN, ALXN, VRTX, ATVI, CHKP, NFLX, IDXX, JD, HAS, TTWO, BIIB, AMZN, NVDA, ILMN, CDNS, GILD, KHC, NLOK, CTXS   

                     

Stocks to watch on  Wednesday                   

Nasdaq100  xsing above30   = 5                   

NTES, ALXN, ATVI, CHKP, IDXX                  

                     

Nasdaq100  xsing below30  = 8                   

JBHT, MSFT, INTC, CSCO, AMGN, KLAC, VRSN, AMD               

                     

                     

NDX Leaders:   31 closing higher   and  72 closing Lower              

UAL :  +4.61% ;  NTES : +4.58% ;  TSLA : +4.36%            

DJIA Leaders:   5 closing higher   and  25 closing Lower              

CAT :   +3.88% ;  DOW :   +2.06% ;  WBA :   +1.31%            

SP500 Leaders:   112 closing higher   and  393 closing Lower              

NBL :   +13.75% ;  FANG :   +11.06% ;  OKE :   +8.83%            

                      

Sectors  1 sectors closed higher led by  XLE +1.54%  and  XLC -0.18%    Lower =  10         

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

                     

Uptrend                     

Sideways                     

Downtrend XLE , XLV , XLB , XLY , XLU , XLP , XLK , XLRE , XLF , XLI , XLC

                     

Breath: Weakened  as  Decliners led  1325   to   1661 and  Nasdaq   Weakened  as  Decliners led 1629   to   1673      

                     

MACD Crossover: 2                   

REGN, WBA                     

                      

                     

After three days of counter-trend the Market decided to rest for the weekend moving down around 3%

SPY is in moving towards resistance (264.63 - 61.8% retracement). The higher probability is that the markets head lower as it is in a downtrend. The ideal selling zone to enter short positions would be in between 264.63 and 278.96. As markets moved significantly in the upside countertrend it is not safe to enter new long positions as of now; if you do keep your stops tight.
Oil keeps moving down reaching 19.92 as globex session opened. The crude war continues in between Saudis and Russia, both able to resist some time with prices at +/-20 USD levels; unknown how much longer but the price could go even lower to around 17 USD (price not seen since Nov 2001.



Weekly charts

Monthly charts

                     

VIX :   Up 4.54 / +7.44% at 65.54                

/CL :   Down -1.34 / -5.78% at 21.84                

TLT :   Up 4.36 / +2.67% at 167.7                

                     

SPY Market Forecast 22.54 Short-term  countertrend Pointing a bit higher - above 20              

                     

LONG TERM DOWNTREND.                   

  6-months Down                   

  10-days Sideways                   

  3-days UP                   

                     

Indices                      

Up:                        

Down:    DIA:  -3.87% ; IWM:  -3.64% ; QQQ :  -3.44% ;  SPY:  -2.98%          

                     

Nasdaq Above 30MA    =  4                   

CTXS, NLOK, GILD, ILMN                   

                     

Stocks to watch on  Monday                   

Nasdaq100  xsing above30   = 0                   

                     

                      

Nasdaq100  xsing below30  = 12                   

REGN, NFLX, NVDA, AMD, AMZN, TTWO, CSCO, JD, KLAC, XLNX, CDNS, ASML           

                     

                     

NDX Leaders:   8 closing higher   and  95 closing Lower              

CHKP :  +3.74% ;  CTXS : +1.62% ;  XEL : +1.49%            

DJIA Leaders:   2 closing higher   and  28 closing Lower              

PG :   +2.60% ;  TRV :   +1.30% ;  WMT :   -0.22%            

SP500 Leaders:   73 closing higher   and  431 closing Lower              

EXR :   +6.89% ;  AVB :   +6.10% ;  UDR :   +6.04%            

                     

Sectors  2 sectors closed higher led by  XLU +0.54%  and  XLRE +0.26%    Lower =  9         

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

                     

Uptrend                     

Sideways                     

Downtrend XLE , XLV , XLB , XLY , XLU , XLP , XLK , XLRE , XLF , XLI , XLC

                     

Breath: Weakened  as  Decliners led  655   to   2356 and  Nasdaq   Weakened  as  Decliners led 858   to   2487      

                     

MACD Crossover: 2                   

XEL, EBAY                     

                     

                      

IWM Leading the "BOUNCE" to close at 116.81 (+6.22%), all Sectors closing higher -- BE CAREFUL --- too fast too soon??

                     

VIX :   Up -2.95 / -4.61% at 61                

/CL : Down -1.13 / -4.65% at 23.18                

TLT :  Up 0.8 / +0.49% at 163.34                

                     

SPY Market Forecast 16.86 Short-term  Bullish Pointing a bit higher - below 20              

                     

LONG TERM DOWNTREND.                   

  6-months Down                   

  10-days Sideways                   

  3-days UP                   

                     

Indices                      

Up:    IWM:  +6.22% ; DIA:  +6.14% ; SPY:  +5.84% ;  QQQ :  +5.27%          

Down:                        

                     

Nasdaq Above 30MA    =  16                   

ILMN, CDNS, KLAC, CTXS, CSCO, XLNX, AMD, GILD, NFLX, ASML, REGN, TTWO, NVDA, NLOK, AMZN, JD       

                     

Stocks to watch on  Friday                   

Nasdaq100  xsing above30   = 14                   

ILMN, CDNS, KLAC, CSCO, XLNX, AMD, GILD, NFLX, ASML, REGN, TTWO, NVDA, NLOK, AMZN         

                     

Nasdaq100  xsing below30  = 0                   

                     

                     

                     

NDX Leaders:   95 closing higher   and  8 closing Lower              

NTAP :  +12.63% ;  ADP : +11.80% ;  AVGO : +11.78%            

DJIA Leaders:   29 closing higher   and  1 closing Lower              

BA :   +13.75% ;  CVX :   +10.26% ;  WBA :   +10.21%            

SP500 Leaders:   474 closing higher   and  32 closing Lower              

COTY :   +24.16% ;  SYY :   +17.15% ;  CFG :   +17.00%            

                      

Sectors  11 sectors closed higher led by  XLU +8.52%  and  XLRE +7.68%    Lower =  0         

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

                     

Uptrend                     

Sideways                     

Downtrend XLE , XLV , XLB , XLY , XLU , XLP , XLK , XLRE , XLF , XLI , XLC

                     

Breath: Strengthened  as  Advancers led  2650   to   368 and  Nasdaq   Strengthened  as  Advancers led 2775   to   581      

                     

MACD Crossover: 20                   

ADP, EA, CMCSA, QCOM, ORLY, PAYX, ATVI, MNST, IDXX, HSIC, BIIB, PEP, FAST, MDLZ, VRSK, CERN, TTWO, INCY, SIRI, CTAS