Wednesday, May 27, 2020

IWM leading to the upside. All Sectors higher and above 30d sma


                   
SPY Market Forecast 93.71 Short-term Defensive Pointing down           
   0.74 PCALL - 10 day SMA (0.75 - 1.00)            
   129.96   SKEW (120 - 135)              
                   
INTERMEDIATE TERM: Sideways- Price in between 30 &10 Wk SMA             
  6-months Down                
  10-days Up                
  3-days Sideways                
                   
Indices                   
  IWM +3.11% ; DIA +2.21% ;  SPY +1.49% ; QQQ +0.55%       
  TLT -0.18% at 163.03              
  VIX -1.39% at 27.62              
                   
Sectors                   
  11 sectors closed higher led by  XLF +4.34%  and  XLI +3.34%    Lower =  0      
  11            closing above 30d. SMA  and 0   closing below.
                   
Uptrend XLC, XLK                
Sideways XLRE, XLY, XLP, XLE, XLU, XLV, XLB               
Downtrend XLF, XLI                
                   
                   
Breath:                   
 Strengthened  as  Advancers led  2420   to   550 and  Nasdaq   Strengthened  as  Advancers led 2262   to   1010   
                   
                   
NDX Leaders:                    
81 closing higher  and  22 closing Lower             
MU : +7.97% ;  AAL : +7.54% ;  MYL : +6.32%         
                   
DJIA Leaders:                    
27 closing higher  and  3 closing Lower             
AXP : +7.33% ;  GS : +6.94% ;  JPM : +5.79%         
                   
SP500 Leaders:                    
431 closing higher  and  72 closing Lower             
M : +19.61% ;  GPS : +18.37% ;  JWN : +16.84%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  89                
MU, AAL, MYL, ULTA, SIRI, VRTX, HSIC, JBHT, ADP, ORLY, CTSH, UAL, LRCX, PCAR, IDXX, TTWO, ALXN, MAR, MCHP, XLNX, CHTR, BMRN, DLTR, KHC, ILMN, NTAP, CSCO, PAYX, FOX, WYNN, NXPI, MNST, AMAT, LBTYA, FOXA, WDC, FAST, CSX, ROST, AVGO, INTC, WBA, VRSK, EBAY, TXN, ADI, TMUS, QCOM, LBTYK, WLTW, ALGN, WDAY, SNPS, SWKS, HAS, SBUX, CMCSA, EXC, ISRG, EA, AAPL, CDNS, ATVI, TSLA, ADSK, MSFT, FISV, GOOG, KLAC, LULU, GOOGL, BIDU, INTU, ADBE, CHKP, ASML, CTAS, INCY, AMZN, PYPL, TCOM, JD, MXIM, FB, EXPE, MELI, NVDA, NTES, BKNG
                   
Stocks to watch on  Thursday                
Nasdaq100  xsing above30   = 3                
VRTX, ADP, CTSH                 
                   
Nasdaq100  xsing below30  = 0                
                   
                   
                   
MACD Crossover:                 
Up   11                
MU, MYL, SIRI, ADP, CTSH, ALXN, KHC, WYNN, NXPI, VRSK, MDLZ              
                   
Down   4                
ADBE, JD, NVDA, NTES                 
                   

No comments:

SPY touched all times high once again and reversed at close

SPY Market Forecast     94.34 Defensive pointing down in the upper zone                        0.6   PCALL - 10 day SMA (0.75 - 1.00)       ...