SPY Market Forecast 58.25 Short-term bullish
Pointing
a higher
LONG TERM SIDEWAYS - Crossing above 30 DMA
6-months
Down
10-days
Up
3-days UP
Indices
QQQ +4.35%
; SPY +2.95% ; DIA +2.44% ; IWM
+2.03%
Nasdaq Above 30MA = 97
TSLA, MNST, AMD, WYNN, FAST, ADSK, CDNS, KLAC, ADBE, SIRI, WDAY,
QCOM, SWKS, PEP, ASML, LRCX, AMZN, NVDA, SNPS, AMAT, WBA, AAPL, MSFT, CERN,
DLTR, COST, MDLZ, ROST, GOOGL, INTU, VRSK, GOOG, NFLX, CHTR, XEL, VRTX, TMUS,
AMGN, WLTW, CSCO, INCY, NTAP, PYPL, HSIC, CMCSA, NXPI, MELI, EXC, IDXX, ADI,
BIIB, INTC, BMRN, GILD, XLNX, MU, JBHT, ADP, PAYX, TXN, MCHP, AVGO, LULU, ALXN,
ILMN, EBAY, ISRG, CTXS, VRSN, SBUX, CTSH, LBTYA, BIDU, JD, EA, ORLY, LBTYK,
FOX, TTWO, WDC, ALGN, FOXA, BKNG, FB, KHC, MXIM, MYL, CSX, REGN, PCAR, ULTA,
NLOK, NTES, ATVI, HAS, FISV, CHKP
Stocks to watch on Wednesday
Nasdaq100 xsing
above30 = 9
WYNN, SIRI, WBA, DLTR, VRSK, HSIC, NXPI, PAYX, BIDU
Nasdaq100 xsing
below30 = 2
DLTR, VRSK
NDX
Leaders:
100 closing higher and 3 closing
Lower
TSLA : +9.05%
; MNST : +8.20%
; AMD : +7.83%
DJIA
Leaders:
24 closing higher and 6 closing
Lower
RTX : +5.24% ; WBA : +5.15% ; AAPL : +5.05%
SP500
Leaders:
433 closing higher and 69 closing
Lower
RCL : +13.40% ; CPRI : +10.59% ; CCL : +8.78%
Sectors
10 sectors
closed higher led by XLP +4.25%
and XLK +4.19% Lower = 2
11 closing above 30d. SMA and 0 closing below.
Uptrend XLP, XLK, XLV, XLU, XLB
Sideways XLY, XLRE, XLC
Downtrend XLI, XLF, XLE
Breath:
Strengthened as Advancers
led 2228 to 745 and Nasdaq
Strengthened as Advancers
led 2315 to 938
MACD Crossover:
Up 1
GILD
Down 0
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