Bull Flag bounce. QQQ +1.78%, IWM +1%. GLD gap up.

                   

SPY Market Forecast 88.94 Short-term defensive Pointing down in the upper reversal zone        

   0.61   PCALL - 10 day SMA (0.75 - 1.00)            

   139.4   SKEW (120 - 135)              

                   

INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA              

  6-months Sideways                

  10-days UP                

  3-days Down                

                   

Indices                   

  QQQ +1.78% ; IWM +1.04% ;  SPY +0.73% ; DIA +0.48%       

  TLT -0.37% at 169.11              

  VIX -4.26% at 24.74              

                   

Sectors                   

  9 sectors closed higher led by  XLK +1.58%  and  XLB +1.45%    Lower =  2      

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

                   

Uptrend XLK, XLB, XLV, XLC, XLY, XLP, XLI               

Sideways XLRE, XLE, XLF, XLU                

Downtrend                  

                   

                   

Breath:                   

 Strengthened  as  Advancers led  1796   to   1210 and  Nasdaq   Strengthened  as  Advancers led 2024   to   1361   

                   

                   

NDX Leaders:                    

88 closing higher  and  15 closing Lower             

TSLA : +8.65% ;  MELI : +8.24% ;  ALXN : +5.28%         

                   

DJIA Leaders:                    

17 closing higher  and  13 closing Lower             

DOW : +3.26% ;  AAPL : +2.37% ;  MRK : +2.37%         

                   

SP500 Leaders:                    

303 closing higher  and  198 closing Lower             

ALXN : +5.28% ;  WY : +5.25% ;  BIIB : +5.09%         

                   

NASDAQ 100                  

                   

Nasdaq Above 30MA    =  81                

TSLA, MELI, BIIB, KLAC, REGN, QCOM, XLNX, AMAT, NXPI, SWKS, ASML, EBAY, LRCX, ALGN, NFLX, PYPL, MU, LULU, JD, LBTYK, LBTYA, ADSK, ILMN, DOCU, TCOM, MXIM, CTSH, CDNS, INTU, AAPL, AMGN, ANSS, NVDA, CSGP, IDXX, MNST, TTWO, NTAP, WDC, ATVI, CPRT, SNPS, TXN, VRSK, ORLY, SPLK, CSCO, ADBE, AMZN, CDW, SGEN, ISRG, SIRI, GOOGL, MDLZ, MSFT, GOOG, PEP, FAST, CERN, SBUX, BMRN, EXPE, NTES, EA, VRSN, COST, FISV, CMCSA, KHC, CHKP, DXCM, CSX, PCAR, BKNG, DLTR, CHTR, XEL, EXC, AMD, CTAS

                   

Stocks to watch on  Tuesday               

Nasdaq100  xsing above30   = 21                

BIIB, KLAC, REGN, QCOM, AMAT, NXPI, ASML, MU, JD, LBTYK, LBTYA, ADSK, INTU, NTAP, WDC, SNPS, ADBE, CDW, SGEN, MSFT, EXPE      

                   

Nasdaq100  xsing below30  = 1                

FOXA                   

                   

                   

MACD Crossover:                 

Up   7                

MELI, BIIB, ILMN, TCOM, CDNS, CSGP, TTWO                

                   

Down   5                

CDW, CHKP, DLTR, EXC, WBA                

                   

                   

SETUPS                  

BF  : IBKR, SPY, TWTR, TXN, BLK, CHKP, DE, FAST, PCAR             

HBO  : AMAT, BBY, CSCO, IWM, MS, NFLX, NVDA, PEP, TSLA, WMT, ALGN, CDNS, CPRT, CTAS, SWKS, BIG         

2T  : TLT                 

MACD  :                  

CHANNEL  : ADBE, ADI, ADSK, AXP, BABA, BAC, C, COST, CRM, CSX, DG, DIA, DLTR, FAS, JD, JPM, MSFT, MU, NKE, NTAP, ORCL, QQQ, TGT, UNH, XLE, CTXS, DOCU, SNPS, SPLK, CRWD

BEAR  : BIDU, INTC                

NH  : HD, GDXJ                

EPS  : AAPL, AKAM, AMD, AMZN, ATVI, BA, BKNG, BYND, CAT, EA, EBAY, FB, GOOGL, MCD, MMM, PYPL, SBUX, SHOP, SQ, TAL, TWLO, V, XLNX, AMGN, BMRN, CARR, CHTR, CTSH, CVS, FISV, GILD, IDXX, ILMN, INCY, KHC, KLAC, LRCX, MCHP, MELI, MNST, MXIM, NKLA, NTES, NXPI, QCOM, TMUS, VRSK, AU, DDOG, GOLD