Thursday, March 12, 2020

Weakness continue, some blame Corona Virus where the truth might be in the Fed.


                  
                  
VIX :   Up 21.57 / +40.02% at 75.47             
/CL : Down -2.13 / -6.43% at 30.99             
TLT :  Up 0.97 / +0.62% at 157.5             
                  
SPY Market Forecast 10.36 Short-term Bearish Pointing lower - below 20            
  6-months Down                
  10-days Down                
  3-days Down                
                  
Indices                   
Up:                     
Down:    IWM:  -11.05% ;  DIA:  -10.06% ; SPY:  -9.57% ; QQQ :  -9.17%       
                  
Nasdaq Above 30MA    =  1                
REGN                   
                  
Stocks to watch on  Friday                
Nasdaq100  xsing above30   = 0                
                  
                  
Nasdaq100  xsing below30  = 3                
GILD, JD, TTWO                 
                  
                  
NDX Leaders:   0 closing higher   and  103 closing Lower           
IDXX :  -1.86% ;  NLOK : -3.31% ;  HSIC : -4.54%         
DJIA Leaders:   0 closing higher   and  30 closing Lower           
UTX :   -4.66% ;  JNJ :   -4.85% ;  MRK :   -6.06%         
SP500 Leaders:   1 closing higher   and  505 closing Lower           
OXY :   +0.76% ;  COG :   -1.05% ;  CNC :   -1.42%         
                  
Sectors  0 sectors closed higher led by  XLV -7.47%  and  XLRE -8.59%    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  77   to   2988 and  Nasdaq   Weakened  as  Decliners led 185   to   3224   
                  
MACD Crossover:                 
                  


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