Tuesday, March 03, 2020

Still bearish. Seems that moves found resistance. Volatility Spikes 10.17% (36.82)


                   
VIX :   Up 3.4 / +10.17%                
/CL : Down -0.42 / -0.88%                
TLT :  Up 2.39 / +1.55%                
                   
SPY Market Forecast 18.85 Short-term Bearish  in the lower reversal zone - below 20  -  defensive         
  6-months Up                 
  10-days Down                 
  3-days Down                 
                   
Indices                    
Up:                      
Down:    QQQ :  -3.21% ; DIA:  -2.89% ;  SPY:  -2.86% ; IWM:  -2.04%        
                   
Nasdaq Above 30MA    =  11                 
EBAY, TSLA, REGN, GILD, INCY, BMRN, NFLX, BIIB, NVDA, TMUS, JD          
                   
Stocks to watch on  Thursday                 
Nasdaq100  xsing above30   = 1                 
EBAY                    
                   
Nasdaq100  xsing below30  = 0                 
                   
                   
NDX Leaders:   3 closing higher  and  100 closing Lower            
NTES :  +3.03% ;  EBAY : +2.11% ;  TSLA : +0.25%          
DJIA Leaders:   1 closing higher  and  29 closing Lower            
KO :   +0.25% ;  HD :   -0.87% ;  UTX :   -1.15%          
SP500 Leaders:   43 closing higher  and  462 closing Lower            
NEM :   +6.19% ;  CME :   +3.19% ;  LEN :   +2.59%          
                   
Sectors  0 sectors closed higher led by XLRE -0.08%  and  XLB -0.87%    Lower =  11       
  0            closing above 30d. SMA  and 11   closing below.
                   
Uptrend                   
Sideways XLF , XLP , XLU , XLI , XLC , XLK , XLI , XLRE    
Downtrend XLE , XLV , XLB              
                   
Breath:  Weakened as decliners led    NYSE:  1028   to   1944 and  Nasdaq weakened as decliners led   Nasdaq:     958   to   2323      
                    
MACD Crossover:                  
JD                    


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SPY touched all times high once again and reversed at close

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