Tuesday, June 30, 2020

End of quarter. Best in 24 yrs. Bears were killed today.

                   

                   

SPY Market Forecast 58.49 Short-term defensive Pointing down           

   0.71 PCALL - 10 day SMA (0.75 - 1.00)            

   135.75   SKEW (120 - 135)              

                   

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

  6-months UP                

  10-days Sideways                

  3-days UP                

                   

Indices                   

  QQQ +1.96% ; IWM +1.45% ;  SPY +1.28% ; DIA +0.77%       

  TLT -0.49% at 163.93              

  VIX -4.22% at 30.44              

                   

Sectors                   

  11 sectors closed higher led by  XLE +2.30%  and  XLK +1.79%    Lower =  0      

  3            closing above 30d. SMA  and 8   closing below.

                   

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

Sideways XLV, XLRE, XLF, XLP, XLU                

Downtrend                  

                   

                   

Breath:                   

 Strengthened  as  Advancers led  1954   to   1038 and  Nasdaq   Strengthened  as  Advancers led 2298   to   1099   

                   

                   

NDX Leaders:                    

89 closing higher  and  12 closing Lower             

XLNX : +6.99% ;  TSLA : +6.98% ;  LULU : +6.00%         

                   

DJIA Leaders:                    

26 closing higher  and  4 closing Lower             

INTC : +2.68% ;  MSFT : +2.54% ;  NKE : +2.27%         

                   

SP500 Leaders:                    

438 closing higher  and  64 closing Lower             

CFG : +7.27% ;  XLNX : +6.99% ;  HOLX : +6.88%         

                   

NASDAQ 100                  

                   

Nasdaq Above 30MA    =  65                

XLNX, TSLA, LULU, WDC, LRCX, MU, VRSK, PYPL, NVDA, GILD, ADI, ADSK, ALGN, AMZN, ISRG, INTU, SNPS, PAYX, MCHP, ADBE, MSFT, QCOM, AMAT, EBAY, ILMN, NXPI, FAST, CTXS, REGN, CDNS, AVGO, AMGN, VRTX, TXN, NFLX, ADP, MXIM, PCAR, HAS, SWKS, INCY, KLAC, TTWO, CSCO, CTAS, EA, JD, BMRN, PEP, ASML, AAPL, NTAP, KHC, IDXX, WDAY, CTSH, ATVI, MELI, JBHT, ORLY, NTES, DLTR, BIDU, TMUS, UAL

                   

Stocks to watch on  Wednesday                

Nasdaq100  xsing above30   = 9                

XLNX, LULU, WDC, VRSK, GILD, ISRG, ADP, PEP, NTAP               

                   

Nasdaq100  xsing below30  = 0                

                   

                   

                   

MACD Crossover:                 

Up   10                

XLNX, TSLA, GILD, INTU, BIIB, MSFT, ILMN, VRSN, CSCO, PEP              

                   

Down   2                

EA, NTES                  

                   

 


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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)       ...