Friday, July 31, 2020

AAPL announced split creating a massive upside. SLV and GLD keep the uptrend.


                     
SPY Market Forecast 89 Short-term bullish   Pointing up in the upper reversal zone          
   0.63   PCALL - 10 day SMA (0.75 - 1.00)              
   138.99   SKEW (120 - 135)                
                     
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA                
  6-months Sideways                  
  10-days Sideways                  
  3-days UP                  
                     
Indices                     
  QQQ +1.78% ; SPY +0.79% ;  DIA +0.41% ; IWM -0.94%         
  TLT -0.06% at 171                
  VIX -1.21% at 24.46                
                     
Sectors                     
  6 sectors closed higher led by  XLK +2.50%  and  XLC +1.40%    Lower =  5        
  10            closing above 30d. SMA  and 1   closing below.  
                     
Uptrend XLK, XLC, XLY, XLB, XLP, XLV                  
Sideways XLU, XLF, XLRE, XLI, XLE                  
Downtrend                    
                     
                     
Breath:                     
 Weakened  as  Decliners led  1249   to   1725 and  Nasdaq   Weakened  as  Decliners led 1146   to   2243     
                     
                     
NDX Leaders:                      
56 closing higher  and  47 closing Lower               
AAPL : +10.47% ;  FB : +8.17% ;  IDXX : +6.32%           
                     
DJIA Leaders:                      
10 closing higher  and  20 closing Lower               
AAPL : +10.47% ;  MRK : +1.58% ;  CSCO : +1.42%           
                     
SP500 Leaders:                      
233 closing higher  and  270 closing Lower               
AAPL : +10.47% ;  KSU : +9.68% ;  FB : +8.17%           
                     
NASDAQ 100                    
                     
Nasdaq Above 30MA    =  71                  
AAPL, FB, IDXX, AMZN, NTAP, CHTR, TTWO, JD, SWKS, EA, CSGP, PYPL, TMUS, NTES, CSX, MELI, VRSN, AVGO, CDNS, CHKP, CSCO, DOCU, ADBE, ATVI, EBAY, KLAC, DXCM, MNST, VRSK, ROST, INTU, WDC, NFLX, LULU, CPRT, PCAR, CDW, EXC, FAST, NXPI, ANSS, COST, SPLK, SIRI, REGN, XEL, CTAS, NVDA, PEP, KHC, SNPS, BIIB, AMAT, SBUX, ILMN, ISRG, LRCX, MDLZ, ORLY, FISV, LBTYA, ALGN, TCOM, AMD, LBTYK, CTSH, MXIM, QCOM, CMCSA, TSLA, XLNX
                     
Stocks to watch on  Monday                  
Nasdaq100  xsing above30   = 10                  
FB, NTAP, TMUS, AVGO, ADBE, EBAY, WDC, NFLX, MSFT, NXPI                
                     
Nasdaq100  xsing below30  = 7                  
DLTR, MU, BKNG, CERN, GOOG, GOOGL, EXPE                 
                     
                     
MACD Crossover:                   
Up   11                  
AAPL, FB, CHTR, JD, TMUS, AVGO, ATVI, DXCM, EXC, ANSS, AMAT               
                     
Down   6                  
PCAR, SIRI, FISV, TCOM, CMCSA, ULTA                  
                     
                     
SETUPS                    
BF  : PYPL, SHOP, TLT, WMT, XLNX, CARR, CHTR, CTSH, DE, KHC, LRCX, PCAR, QCOM, GDXJ            
HBO  : ADBE, ADI, AMD, AMZN, BBY, BIDU, CRM, HD, IBKR, NVDA, PEP, SPY, TAL, TGT, BLK, CPRT, CTAS, SPLK, CRWD         
2T  :                    
MACD  :                    
CHANNEL  : ADSK, AKAM, AXP, BAC, C, CAT, COST, CSX, DG, DIA, DLTR, EBAY, FAS, GOOGL, IWM, JPM, MCD, MMM, MS, MSFT, MU, NFLX, NKE, NTAP, ORCL, QQQ, SBUX, TSLA, TWTR, TXN, UNH, V, XLE, ALGN, AMGN, CTXS, MXIM, NXPI, SNPS, BIG
BEAR  : BA, INTC, GILD                  
NH  : AAPL, EA, FB, CDNS, CHKP, DOCU, FAST, IDXX, SWKS               
EPS  : AMAT, ATVI, BABA, BKNG, BYND, CSCO, JD, SQ, TWLO, BMRN, CVS, FISV, ILMN, INCY, KLAC, MCHP, MELI, MNST, NKLA, NTES, TMUS, VRSK, AU, DDOG, GOLD    
                     


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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)       ...