Tuesday, July 14, 2020

Pushing even higher. Market bullish

                   

SPY Market Forecast 73.89 Short-term bullish   Pointing up            

   0.62 PCALL - 10 day SMA (0.75 - 1.00)            

   131.1   SKEW (120 - 135)              

                   

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

  6-months UP                

  10-days UP                

  3-days UP                

                   

Indices                   

  DIA +2.13% ; IWM +1.66% ;  SPY +1.30% ; QQQ +0.71%       

  TLT +0.14% at 167.12              

  VIX -8.29% at 29.52              

                   

Sectors                   

  11 sectors closed higher led by  XLE +3.51%  and  XLB +2.52%    Lower =  0      

  7            closing above 30d. SMA  and 4   closing below.

                   

Uptrend XLE, XLB, XLI, XLK, XLY, XLC                

Sideways XLV, XLP, XLRE, XLU, XLF                

Downtrend                  

                   

                   

Breath:                   

 Strengthened  as  Advancers led  1949   to   1041 and  Nasdaq   Strengthened  as  Advancers led 2112   to   1286   

                   

                   

NDX Leaders:                    

86 closing higher  and  16 closing Lower             

ALGN : +10.87% ;  REGN : +4.12% ;  FISV : +3.37%         

                   

DJIA Leaders:                    

30 closing higher  and  0 closing Lower             

CAT : +4.83% ;  TRV : +3.77% ;  CVX : +3.45%         

                   

SP500 Leaders:                    

436 closing higher  and  67 closing Lower             

ALGN : +10.87% ;  NBL : +10.73% ;  HBI : +9.51%         

                   

NASDAQ 100                  

                   

Nasdaq Above 30MA    =  75                

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

                   

Stocks to watch on  Wednesday                

Nasdaq100  xsing above30   = 11                

ISRG, INCY, MDLZ, AMD, ORLY, BIIB, CTAS, LULU, TMUS, XEL, CSCO             

                   

Nasdaq100  xsing below30  = 1                

INTU                   

                   

                   

MACD Crossover:                 

Up   7                

ALGN, FISV, MCHP, CPRT, ISRG, DLTR, CTSH                

                   

Down   9                

DOCU, ATVI, ANSS, DXCM, CDNS, JD, BIDU, TCOM, ROST               

                   

                   


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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)       ...