Saturday, June 27, 2020

All Sectors Lower. It looks bearish!!!

                        

                        

SPY Market Forecast 67.12 Short-term bearish Pointing down                

   0.71 PCALL - 10 day SMA (0.75 - 1.00)                 

   137.47   SKEW (120 - 135)                   

                        

INTERMEDIATE TERM: Sideways- Price in between 30 &10 Wk SMA                  

  6-months Sideways                     

  10-days Sideways                     

  3-days Down                     

                        

Indices                        

  QQQ -2.36% ; SPY -2.38% ;  IWM -2.69% ; DIA -2.74%            

  TLT +1.07% at 165.25                   

  VIX +7.79% at 34.73                   

                        

Sectors                        

  0 sectors closed higher led by  XLU -1.06%  and  XLV -1.22%    Lower =  11           

  1            closing above 30d. SMA  and 10   closing below.     

                        

Uptrend XLB, XLI, XLK, XLY, XLE, XLC                     

Sideways XLU, XLV, XLRE, XLP, XLF                     

Downtrend                       

                        

                        

Breath:                        

 Weakened  as  Decliners led  551   to   2446 and  Nasdaq   Weakened  as  Decliners led 724   to   2622        

                        

                        

NDX Leaders:                         

18 closing higher  and  85 closing Lower                  

NTAP : +5.16% ;  EBAY : +3.02% ;  CSCO : +2.41%              

                        

DJIA Leaders:                         

1 closing higher  and  29 closing Lower                  

CSCO : +2.41% ;  DOW : -0.45% ;  PFE : -0.87%              

                        

SP500 Leaders:                         

56 closing higher  and  449 closing Lower                  

GPS : +18.80% ;  NTAP : +5.16% ;  FFIV : +3.90%              

                        

NASDAQ 100                       

                        

Nasdaq Above 30MA    =  48                     

EBAY, CSCO, ALGN, CTXS, CDNS, JBHT, WDAY, TTWO, NTES, SNPS, ATVI, MELI, EA, ALXN, BMRN, AVGO, DLTR, CTSH, ADSK, IDXX, PYPL, AMGN, QCOM, SWKS, ASML, TXN, REGN, JD, KLAC, BIDU, FAST, MXIM, ILMN, ADI, MCHP, MSFT, AMZN, ADBE, TSLA, AMAT, VRTX, AAPL, LRCX, NVDA, INCY, TMUS, NXPI, NFLX

                        

Stocks to watch on  Sunday                     

Nasdaq100  xsing above30   = 2                     

CSCO, CTXS                       

                        

Nasdaq100  xsing below30  = 18                     

ORLY, INTU, PCAR, GILD, MU, PAYX, ADP, LULU, VRSK, CTAS, WLTW, XLNX, KHC, UAL, GOOGL, GOOG, EXPE, FB              

                        

                        

MACD Crossover:                      

Up   0                     

                        

                        

Down   3                     

ILMN, AAPL, TMUS                      

                        

                        


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