Tuesday, March 17, 2020

Markets at support still with extreme volatility. All sectors up although still below 30 SMA. Lot's of resistance ahead. Short term bearishness in the markets.


                     
                     
VIX :   Down  -6.78 / -8.20% at 75.91                
/CL :    Down  -2.07 / -7.22% at 26.62                
TLT :   Down  -10.93 / -6.67% at 152.98                
                     
SPY Market Forecast 9.42 Short-term Bearish Pointing  lower - below 20              
                     
LONG TERM UPTREND                    
  6-months Down                   
  10-days Down                   
  3-days Down                   
                     
Indices                      
Up:    QQQ :  +7.58% ;  DIA:  +5.42% ; SPY:  +5.40% ; IWM:  +4.58%          
Down:                        
                     
Nasdaq Above 30MA    =  4                   
CTXS, GILD, REGN, TTWO                   
                     
Stocks to watch on  Wednesday                   
Nasdaq100  xsing above30   = 3                   
CTXS, GILD, TTWO                    
                     
Nasdaq100  xsing below30  = 0                   
                     
                     
                     
NDX Leaders:   90 closing higher   and  13 closing Lower              
EXC :  +17.99% ;  KLAC : +15.54% ;  CTXS : +15.10%            
DJIA Leaders:   27 closing higher   and  3 closing Lower              
DOW :   +20.91% ;  TRV :   +13.29% ;  INTC :   +12.26%            
SP500 Leaders:   403 closing higher   and  101 closing Lower              
DOW :   +20.91% ;  LYB :   +19.54% ;  SO :   +18.77%            
                     
Sectors  11 sectors closed higher led by  XLU +12.79%  and  XLP +8.43%    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  1814   to   1203 and  Nasdaq   Strengthened  as  Advancers led 2243   to   1131      
                     
MACD Crossover: 7                   
AMGN, CHKP, FAST, NTAP, TTWO, WBA, XLNX                
                     


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