Nice bounce today, but don't trust the rally that much. All sectors are still below all moving averages.

                  

                  

VIX :    Down -7.16 / -13.15%               

/CL :    Down -11.33 / -27.26%               

TLT :    Down -8.78 / -5.13%               

                  

SPY Market Forecast 25.77 Short-term Bearish  Pointing lower - above 20            

  6-months  Down                

  10-days     Down                

  3-days       Down                

                  

Indices                   

Up:    QQQ :  +5.45% ; SPY:  +5.17% ;  DIA:  +4.92% ; IWM:  +3.12%       

Down:                     

                 

Nasdaq Above 30MA    =  6                

DLTR, ORLY, JD, TTWO, REGN, GILD              

                  

Stocks to watch on  Wednesday                

Nasdaq100  xsing above30   = 4                

DLTR, ORLY, JD, TTWO                

                  

Nasdaq100  xsing below30  = 0                

                  

                  

                  

NDX Leaders:   99 closing higher   and  4 closing Lower           

AAL :  +15.25% ;  UAL : +12.36% ;  MELI : +11.01%         

DJIA Leaders:   30 closing higher   and  0 closing Lower           

JPM :   +7.77% ;  HD :   +7.24% ;  AAPL :   +7.20%         

SP500 Leaders:   478 closing higher   and  28 closing Lower           

MRO :   +21.21% ;  PXD :   +20.43% ;  HES :   +20.32%         

                  

Sectors  11 sectors closed higher led by  XLK +6.67%  and  XLF +5.87%    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  2302   to   695 and  Nasdaq   Strengthened  as  Advancers led 2238   to   1085   

                  

MACD Crossover:                 

KLAC, DLTR, ALGN, ILMN, COST