Saturday, July 11, 2020

SPY moving higher. All indices up and volatility down.

                   

                   

SPY Market Forecast 73.09 Short-term bullish   Pointing up            

   0.65 PCALL - 10 day SMA (0.75 - 1.00)            

   135.68   SKEW (120 - 135)              

                   

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

  6-months UP                

  10-days UP                

  3-days UP                

                   

Indices                   

  QQQ +0.68% ; SPY +1.02% ;  DIA +1.39% ; IWM +1.61%       

  TLT -0.50% at 166.33              

  VIX -6.73% at 27.29              

                   

Sectors                   

  9 sectors closed higher led by  XLF +3.44%  and  XLE +3.19%    Lower =  2      

  6            closing above 30d. SMA  and 5   closing below.

                   

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

Sideways XLF, XLU, XLP, XLRE, XLV                

Downtrend                  

                   

                   

Breath:                   

 Strengthened  as  Advancers led  2291   to   703 and  Nasdaq   Strengthened  as  Advancers led 2114   to   1274   

                   

                   

NDX Leaders:                    

67 closing higher  and  36 closing Lower             

TSLA : +10.78% ;  UAL : +8.29% ;  NFLX : +8.07%         

                   

DJIA Leaders:                    

27 closing higher  and  3 closing Lower             

JPM : +5.47% ;  GS : +4.44% ;  TRV : +3.45%         

                   

SP500 Leaders:                    

399 closing higher  and  105 closing Lower             

CCL : +10.84% ;  RCL : +9.87% ;  MPC : +8.55%         

                   

NASDAQ 100                  

                   

Nasdaq Above 30MA    =  76                

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

                   

Stocks to watch on  Sunday                

Nasdaq100  xsing above30   = 7                

CMCSA, KHC, GILD, PCAR, CTSH, ORLY, ISRG                

                   

Nasdaq100  xsing below30  = 1                

TCOM                   

                   

                   

MACD Crossover:                 

Up   2                

MU, XEL                   

                   

Down   8                

PCAR, FAST, ALGN, CSX, CSGP, PYPL, INCY, REGN               

                   


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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)       ...