Tuesday, May 05, 2020

A day late - This is a posting from Monday. 3rd Day of Bull Flag setup in SPY.


                  

SPY Market Forecast 90.75 Short-term Neutral Pointing down          
                  
INTERMEDIATE TERM: Sideways- Price in between 30 &10 Wk SMA            
  6-months Down               
  10-days Up               
  3-days Up               
                  
Indices                  
  QQQ +1.17% ; IWM +0.43% ;  SPY +0.28% ; DIA +0.06%      
  TLT -0.47% at 167.16             
  VIX -3.28% at 35.97             
                  
Sectors                  
  6 sectors closed higher led by  XLE +3.46%  and  XLK +1.33%    Lower =  5     
  10            closing above 30d. SMA  and 1   closing below.
                  
Uptrend XLK, XLC, XLY, XLP, XLV               
Sideways XLE, XLU, XLB, XLRE, XLI               
Downtrend XLF                
                  
                  
Breath:                  
 Weakened  as  Decliners led  1370   to   1567 and  Nasdaq   Strengthened  as  Decliners led 1765   to   1506  
                  
                  
NDX Leaders:                   
71 closing higher  and  31 closing Lower            
TSLA : +8.54% ;  AMD : +5.37% ;  VRTX : +3.84%        
                  
DJIA Leaders:                   
13 closing higher  and  17 closing Lower            
XOM : +4.03% ;  MSFT : +2.45% ;  CVX : +2.24%        
                  
SP500 Leaders:                   
251 closing higher  and  252 closing Lower            
PSX : +10.73% ;  VLO : +8.34% ;  MPC : +7.83%        
                  
NASDAQ 100                 
                  
Nasdaq Above 30MA    =  86               
TSLA, AMD, VRTX, INCY, ALGN, TMUS, ORLY, EA, REGN, NFLX, ATVI, NVDA, ADP, CTXS, INTU, BMRN, PYPL, MYL, MSFT, CDNS, VRSN, TTWO, ADSK, CHKP, ADBE, FB, EBAY, ASML, AAPL, AMZN, FISV, WDAY, CHTR, NLOK, KLAC, LBTYA, IDXX, NXPI, CSCO, AVGO, SNPS, INTC, PAYX, COST, SWKS, TXN, VRSK, HSIC, ILMN, ISRG, MCHP, PEP, ULTA, DLTR, CERN, GOOG, GOOGL, FAST, GILD, XEL, MELI, PCAR, WLTW, QCOM, LULU, AMGN, ALXN, CTSH, ADI, EXPE, WYNN, JBHT, TCOM, MNST, ROST, LBTYK, SIRI, MXIM, CTAS, KHC, FOX, FOXA, CSX, BKNG, MAR, SBUX
                  
Stocks to watch on  Tuesday               
Nasdaq100  xsing above30   = 1               
AMD                  
                  
Nasdaq100  xsing below30  = 4               
MDLZ, MU, NTAP, CMCSA               
                  
                  
MACD Crossover:                
Up   0               
                  
                  
Down   15               
PAYX, HSIC, MCHP, ULTA, DLTR, GILD, PCAR, QCOM, ADI, MU, FOX, FOXA, NTAP, WDC, CMCSA          
                  
                  


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SPY touched all times high once again and reversed at close

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