Wednesday, July 29, 2020

GLD reaching all times high 186.14 above Yr2010. IWM leads to the upside after FED meeting. "Whatever it takes"


                   
SPY Market Forecast 84.94 Short-term defensive Pointing down in the upper reversal zone        
   0.61   PCALL - 10 day SMA (0.75 - 1.00)            
   140.86   SKEW (120 - 135)              
                   
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA              
  6-months Sideways                
  10-days Sideways                
  3-days UP                
                   
Indices                   
  IWM +2.20% ; SPY +1.23% ;  QQQ +1.15% ; DIA +0.59%       
  TLT -0.17% at 169.99              
  VIX -5.27% at 24.1              
                   
Sectors                   
  11 sectors closed higher led by  XLE +2.09%  and  XLRE +1.89%    Lower =  0      
  11            closing above 30d. SMA  and 0   closing below.
                   
Uptrend XLI, XLK, XLV, XLY, XLC, XLB, XLP               
Sideways XLE, XLRE, XLF, XLU                
Downtrend                  
                   
                   
Breath:                   
 Strengthened  as  Advancers led  2410   to   592 and  Nasdaq   Strengthened  as  Advancers led 2293   to   1083   
                   
                   
NDX Leaders:                    
85 closing higher  and  18 closing Lower             
CSGP : +15.68% ;  AMD : +12.54% ;  DOCU : +6.31%         
                   
DJIA Leaders:                    
19 closing higher  and  11 closing Lower             
JPM : +2.42% ;  AXP : +2.40% ;  UNH : +2.25%         
                   
SP500 Leaders:                    
427 closing higher  and  78 closing Lower             
LB : +35.36% ;  AMD : +12.54% ;  CHRW : +9.33%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  73                
CSGP, AMD, DOCU, PYPL, MELI, CTAS, SBUX, CPRT, CTSH, LRCX, NXPI, CERN, ROST, XLNX, VRSK, ULTA, LBTYA, ANSS, FAST, CSX, NVDA, ISRG, LBTYK, DXCM, EXPE, MDLZ, AAPL, CDNS, INTU, SNPS, JD, QCOM, ADSK, CMCSA, CDW, EXC, BKNG, TSLA, AMAT, SPLK, MNST, FISV, IDXX, GOOG, MXIM, SWKS, GOOGL, CHKP, ORLY, TXN, VRSN, AMZN, LULU, CSCO, KHC, TTWO, CHTR, EA, TCOM, PCAR, MU, ATVI, XEL, NTES, PEP, ALGN, REGN, ILMN, COST, DLTR, SIRI, BIIB, AMGN
                   
Stocks to watch on  Thursday                
Nasdaq100  xsing above30   = 9                
SBUX, NXPI, ROST, ULTA, EXPE, JD, ADSK, CDW, MU               
                   
Nasdaq100  xsing below30  = 4                
NFLX, SGEN, ASML, EBAY                
                   
                   
MACD Crossover:                 
Up   5                
PYPL, LBTYK, ADI, INTU, PAYX                
                   
Down   1                
BIIB                   
                   
                   
SETUPS                  
BF  : HD, IBKR, TWTR, TXN, CHKP, PCAR, GDXJ              
HBO  : AMAT, BABA, BAC, BBY, EBAY, IWM, NVDA, PEP, SPY, TGT, TLT, BLK, CDNS, CPRT, CTAS, DE, QCOM        
2T  : CRWD                 
MACD  : QQQ                 
CHANNEL  : ADBE, ADI, ADSK, AKAM, AXP, BIDU, C, COST, CRM, CSX, DG, DIA, DLTR, FAS, JD, JPM, MCD, MMM, MS, MSFT, MU, NFLX, NKE, NTAP, ORCL, SBUX, TSLA, UNH, V, WMT, XLE, ALGN, AMGN, CTXS, DOCU, MXIM, NTES, NXPI, SNPS, SPLK, SWKS, BIG
BEAR  : BA, INTC                
NH  : AMD, PYPL, SHOP, CTSH, FAST               
EPS  : AAPL, AMZN, ATVI, BKNG, BYND, CAT, CSCO, EA, FB, GOOGL, SQ, TAL, TWLO, XLNX, BMRN, CARR, CHTR, CVS, FISV, GILD, IDXX, ILMN, INCY, KHC, KLAC, LRCX, MCHP, MELI, MNST, NKLA, 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)       ...