Wednesday, July 22, 2020

DIA leading the uptrend and IWM almost flat for the day. GLD and SLV with respectable momentum.


 After hours 
- TSLA beats expectations EPS moving up to $1700 level
- MSFT beats expectations EPS moving down in the initial reaction


SPY Market Forecast 94.7 Short-term bullish   Pointing up             
   0.58 PCALL - 10 day SMA (0.75 - 1.00)             
   134.84   SKEW (120 - 135)               
                    
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA               
  6-months Sideways                 
  10-days UP                 
  3-days UP                 
                    
Indices                    
  DIA +0.61% ; SPY +0.57% ;  QQQ +0.35% ; IWM +0.05%        
  TLT +0.30% at 167.79               
  VIX -2.09% at 24.32               
                    
Sectors                    
  9 sectors closed higher led by  XLU +1.54%  and  XLRE +1.21%    Lower =  1       
  10            closing above 30d. SMA  and 1   closing below.
                    
Uptrend XLB, XLV, XLY, XLI, XLP, XLK, XLC                
Sideways XLU, XLRE, XLF, XLE                 
Downtrend                   
                    
                    
Breath:                    
 Strengthened  as  Advancers led  1742   to   1236 and  Nasdaq   Weakened  as  Advancers led 1566   to   1792    
                    
                    
NDX Leaders:                     
69 closing higher  and  33 closing Lower              
AMD : +8.40% ;  NLOK : +3.81% ;  ISRG : +3.52%          
                    
DJIA Leaders:                     
23 closing higher  and  7 closing Lower              
PFE : +5.10% ;  DOW : +3.02% ;  MCD : +2.92%          
                    
SP500 Leaders:                     
369 closing higher  and  132 closing Lower              
HCA : +11.97% ;  NVR : +10.68% ;  AMD : +8.40%          
                    
NASDAQ 100                   
                    
Nasdaq Above 30MA    =  92                 
AMD, ISRG, XEL, ROST, SBUX, ASML, PCAR, CTAS, CPRT, CDW, PYPL, TSLA, DOCU, MSFT, LRCX, KLAC, SIRI, PEP, CSX, DLTR, KHC, NVDA, MNST, ORLY, MAR, MDLZ, CERN, XLNX, ALGN, FISV, CTXS, FAST, EXC, LBTYA, TTWO, GOOG, AMAT, INTC, LBTYK, GOOGL, CTSH, IDXX, BKNG, SNPS, ILMN, ADSK, ATVI, LULU, ANSS, VRSK, QCOM, ZM, AAPL, SPLK, MU, BIIB, ADBE, EXPE, COST, CDNS, CHTR, MELI, WDAY, CMCSA, NFLX, VRTX, MXIM, AVGO, REGN, CSCO, AMGN, SGEN, EBAY, CSGP, WDC, INTU, DXCM, GILD, EA, FB, SWKS, TCOM, CHKP, INCY, AMZN, JD, NTAP, NTES, NXPI, BMRN, MCHP, TXN
                    
Stocks to watch on  Thursday                 
Nasdaq100  xsing above30   = 3                 
ROST, SIRI, MAR                  
                    
Nasdaq100  xsing below30  = 2                 
TMUS, BIDU                   
                    
                    
MACD Crossover:                  
Up   2                 
TMUS, BIDU                   
                    
Down   4                 
KLAC, PEP, PAYX, AMAT                  
                    
                    
WATCHLIST SETUPS                   
BF  : COST, IBKR, TXN, BLK, CDNS, ILMN, AU, GOLD               
HBO  : AMAT, BAC, CSCO, CSX, DG, DIA, DLTR, IWM, JPM, MS, MSFT, MU, NKE, NVDA, ORCL, QQQ, SPY, SQ, TLT, TSLA, WMT, ZION, ALGN, CPRT, DE, DOCU, SNPS, BIG, DDOG  
2T  : CHKP                  
MACD  :                   
CHANNEL  : ADBE, ADSK, BABA, BIDU, BKNG, C, CRM, FAS, JD, NFLX, NTAP, PEP, TGT, UNH, XLE, SPLK, TMUS, CRDW         
BEAR  : ADI, NKLA                 
NH  : BBY, HD, FAST, PCAR                 
EPS  : AAPL, AKAM, AMD, AMZN, ATVI, AXP, BA, BYND, CAT, EA, EBAY, FB, GOOGL, INTC, MCD, MMM, PYPL, SBUX, SHOP, TAL, TWLO, TWTR, V, XLNX, AMGN, BMRN, CARR, CHTR, CTAS, CTSH, CTXS, CVS, FISV, GILD, IDXX, INCY, KHC, KLAC, LRCX, MCHP, MELI, MNST, MXIM, NTES, NXPI, QCOM, SWKS, VRSK
                    


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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)       ...