In the long term UPTREND S&P500 found a short term support bottom bouncing from $2478.

Bounce was in the last 15 min of the trading session and very hard to catch since it was before the beginning of the weekend, although it was technically expected as it broke resistance. 

All sectors still under 30 DMA and all closing higher today.

The recommendation is still to maintain small short term positions with defined targets and affordable stops. Still very much in cash for now. 

Weekly indices charts:

Daily indices charts

                   

                   

VIX :   Up -17.64 / -23.37% at 57.83              

/CL : Down -2.13 / -6.43% at 30.99              

TLT :  Up -3.56 / -2.26% at 153.94              

                   

SPY Market Forecast 10.64 Short-term Bearish Pointing a bit higher - below 20            

                   

LONG TERM UPTREND                  

  6-months Down                 

  10-days Down                 

  3-days Down                 

                   

Indices                    

Up:    DIA:  +9.43% ; SPY:  +8.55% ; QQQ :  +8.47% ;  IWM:  +6.70%        

Down:                      

                   

Nasdaq Above 30MA    =  3                 

REGN, TTWO, GILD                  

                    

Stocks to watch on  Monday                 

Nasdaq100  xsing above30   = 2                 

TTWO, GILD                   

                   

Nasdaq100  xsing below30  = 0                 

                   

                   

                   

NDX Leaders:   98 closing higher   and  5 closing Lower            

INTC :  +19.52% ;  KHC : +19.49% ;  ADBE : +17.72%          

DJIA Leaders:   30 closing higher   and  0 closing Lower            

INTC :   +19.52% ;  AXP :   +19.24% ;  JPM :   +18.01%          

SP500 Leaders:   492 closing higher   and  14 closing Lower            

LNC :   +23.49% ;  COTY :   +23.33% ;  AMP :   +22.64%          

                   

Sectors  11 sectors closed higher led by  XLF +13.16%  and  XLK +11.73%    Lower =  0       

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

                   

Uptrend                   

Sideways XLF , XLP , XLU , XLI , XLC , XLK , XLI , XLRE    

Downtrend XLE , XLV , XLB              

                   

Breath: Strengthened  as  Advancers led  2648   to   376 and  Nasdaq   Strengthened  as  Advancers led 2481   to   859    

                   

MACD Crossover: 1                 

IDXX