Tuesday, March 17, 2020

Time to Observe How the Titanic Sinks??? - VIX closed at 82.69 - Oil moving down to 28.69. All Indices and sector in red territory


                  
                  
VIX :   Up 24.86 / +42.99% at 82.69             
/CL : Down -2.3 / -7.42% at 28.69             
TLT :  Up 9.97 / +6.48% at 163.91             
                  
SPY Market Forecast 10.81 Short-term Bearish Pointing a bit higher - below 20           
                  
LONG TERM UPTREND                 
  6-months Down                
  10-days Down                
  3-days Down                
                  
Indices                   
Up:                     
Down:    SPY:  -10.94% ; QQQ :  -11.98% ;  DIA:  -12.76% ; IWM:  -13.27%      
                  
Nasdaq Above 30MA    =  1                
REGN                   
                  
Stocks to watch on  Tuesday                
Nasdaq100  xsing above30   = 0                
                  
                  
Nasdaq100  xsing below30  = 2                
GILD, TTWO                  
                  
                   
NDX Leaders:   1 closing higher   and  102 closing Lower           
AAL :  +11.25% ;  MYL : -0.07% ;  NTAP : -1.84%         
DJIA Leaders:   0 closing higher   and  30 closing Lower           
WBA :   -2.40% ;  PG :   -4.88% ;  JNJ :   -5.33%         
SP500 Leaders:   9 closing higher   and  497 closing Lower           
AAL :   +11.25% ;  CAG :   +9.76% ;  NEM :   +3.11%         
                  
Sectors  0 sectors closed higher led by  XLP -6.78%  and  XLV -9.86%    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  122   to   2930 and  Nasdaq   Weakened  as  Decliners led 281   to   3106   
                  
MACD Crossover: 2                
AAL, MYL                  
                  


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