Monday, March 23, 2020

SPY keeps moving down losing an extra 2.56% to 222.95. New lows also in QQQ losing just a bit 0.24% closing at 170.46


                     
                     
VIX :   Up -4.45 / -6.74% at 61.59                
/CL : Down 0.14 / 0.59% at 23.78                
TLT :  Up 6.57 / +4.12% at 166                
                     
SPY Market Forecast 8.4 Short-term  Bullish Pointing a bit higher - below 20              
                     
LONG TERM DOWNTRADE.                   
  6-months Down                   
  10-days Down                   
  3-days Down                   
                     
Indices                      
Up:                        
Down:    DIA:  -3.01% ; SPY:  -2.56% ;  IWM:  -1.48% ; QQQ :  -0.14%          
                     
Nasdaq Above 30MA    =  3                   
REGN, CTXS, GILD                    
                     
Stocks to watch on  Tuesday                   
Nasdaq100  xsing above30   = 1                   
REGN                      
                     
Nasdaq100  xsing below30  = 0                   
                     
                     
                     
NDX Leaders:   46 closing higher   and  57 closing Lower              
HAS :  +12.49% ;  WYNN : +10.78% ;  WDC : +10.69%            
DJIA Leaders:   4 closing higher   and  26 closing Lower              
BA :   +11.17% ;  INTC :   +8.18% ;  HD :   +6.73%            
SP500 Leaders:   103 closing higher   and  400 closing Lower              
RCL :   +18.40% ;  COTY :   +14.96% ;  FLIR :   +13.52%            
                     
Sectors  2 sectors closed higher led by  XLC +0.53%  and  XLY +0.16%    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  677   to   2359 and  Nasdaq   Weakened  as  Decliners led 1328   to   2043      
                     
MACD Crossover: 10                   
HAS, MCHP, NFLX, INTC, LULU, ADBE, WDAY, TXN, DLTR, ADSK             
                     


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