Friday, July 17, 2020

Market internals mixed and flat. Bullish in Gold, entered TWLO and CSCO.

                    

SPY Market Forecast 85.8 Short-term bullish   Pointing up             

   0.59 PCALL - 10 day SMA (0.75 - 1.00)             

   142.44   SKEW (120 - 135)               

                    

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

  6-months UP                 

  10-days UP                 

  3-days UP                 

                    

Indices                    

  SPY +0.29% ; IWM +0.29% ;  QQQ +0.12% ; DIA -0.19%        

  TLT -0.21% at 166.78               

  VIX -8.29% at 25.68               

                    

Sectors                    

  7 sectors closed higher led by  XLU +2.26%  and  XLRE +1.39%    Lower =  4       

  9            closing above 30d. SMA  and 2   closing below.

                    

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

Sideways XLU, XLRE, XLF, XLE                 

Downtrend                   

                    

                    

Breath:                    

 Strengthened  as  Advancers led  1629   to   1335 and  Nasdaq   Strengthened  as  Advancers led 2016   to   1333    

                    

                    

NDX Leaders:                     

71 closing higher  and  32 closing Lower              

ISRG : +7.69% ;  ALGN : +4.30% ;  EXC : +3.51%          

                    

DJIA Leaders:                     

13 closing higher  and  17 closing Lower              

CSCO : +2.12% ;  PFE : +1.83% ;  INTC : +1.45%          

                    

SP500 Leaders:                     

289 closing higher  and  216 closing Lower              

ISRG : +7.69% ;  AES : +5.04% ;  ALGN : +4.30%          

                    

NASDAQ 100                   

                    

Nasdaq Above 30MA    =  86                 

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

                    

Stocks to watch on  Monday                 

Nasdaq100  xsing above30   = 8                 

FISV, CSCO, ADSK, CSGP, INTC, ADBE, TMUS, AVGO                

                    

Nasdaq100  xsing below30  = 3                 

WDC, SIRI, MAR                   

                    

                    

MACD Crossover:                  

Up   6                 

IDXX, SGEN, CSCO, SWKS, LULU, WBA                 

                    

Down   3                 

TTWO, AAPL, NFLX                  

                    

 


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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)       ...