Long term investors are actively selling stocks, which changes the market dynamics. It is expected a short term bounce to resistance followed by a continuation of a downtrend. JUST BE CAREFUL!!!
Weekly Charts - Long Term Supports broken
Daily Charts
VIX : Up -5.96 / -8.28% at 66.04
/CL : Down -2.01 / -7.84% at 23.64
TLT : Up 11.15
/
+7.52% at 159.43
SPY Market Forecast 8.12 Short-term Bearish Pointing
a Lower - below 20
LONG TERM UPTREND BROKEN THIS WEEK - SPY CREATED A LOWER LOW IN
THE MONTHLY.
6-months Down
10-days Down
3-days Down
Indices
Up:
Down: IWM: -2.38% ; QQQ
: -3.92% ; SPY:
-4.31% ; DIA: -4.39%
Nasdaq Above 30MA = 2
CTXS, GILD
Stocks to watch on Monday
Nasdaq100 xsing
above30 = 0
Nasdaq100 xsing
below30 = 1
REGN
NDX
Leaders: 17 closing higher and 85 closing
Lower
UAL : +15.13%
; MAR : +11.65%
; WYNN : +11.57%
DJIA
Leaders: 3 closing higher and 27 closing
Lower
TRV : +4.00% ; CVX : +3.48% ; MRK : +0.89%
SP500
Leaders: 83 closing higher and 422 closing
Lower
CCL : +20.00% ; MGM : +18.31% ; MOS : +16.67%
Sectors 1 sectors
closed higher led by XLE +0.98%
and XLY -2.97% 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
1314 to 1702 and Nasdaq
Weakened as Decliners
led 1291 to 2018
MACD Crossover: 0
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