Tuesday, July 21, 2020

                   

SPY Market Forecast 93.75 Short-term bullish   Pointing up            

   0.58 PCALL - 10 day SMA (0.75 - 1.00)            

   145.9   SKEW (120 - 135)              

                   

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

  6-months UP                

  10-days UP                

  3-days UP                

                   

Indices                   

  IWM +1.42% ; DIA +0.57% ;  SPY +0.21% ; QQQ -1.04%       

  TLT +0.06% at 167.29              

  VIX +1.55% at 24.84              

                   

Sectors                   

  8 sectors closed higher led by  XLE +6.04%  and  XLF +1.97%    Lower =  3      

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

                   

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

Sideways XLE, XLF, XLU, XLRE                

Downtrend                  

                   

                   

Breath:                   

 Strengthened  as  Advancers led  2288   to   713 and  Nasdaq   Strengthened  as  Advancers led 2108   to   1317   

                   

                   

NDX Leaders:                    

37 closing higher  and  65 closing Lower             

PCAR : +4.99% ;  FOXA : +2.58% ;  UAL : +2.29%         

                   

DJIA Leaders:                    

21 closing higher  and  9 closing Lower             

CVX : +7.18% ;  XOM : +5.06% ;  NKE : +2.83%         

                   

SP500 Leaders:                    

367 closing higher  and  135 closing Lower             

OXY : +10.96% ;  DVN : +10.52% ;  APA : +9.56%         

                   

NASDAQ 100                  

                   

Nasdaq Above 30MA    =  91                

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

                   

Stocks to watch on  Wednesday                

Nasdaq100  xsing above30   = 1                

SBUX                   

                   

Nasdaq100  xsing below30  = 1                

VRSN                   

                   

                   

MACD Crossover:                 

Up   1                

VRSN                   

                   

Down   5                

LBTYK, LBTYA, AMGN, FB, VRTX                

                   

 


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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)       ...