Thursday, August 20, 2020

Even higher. Market still moving up in a bullish short term sentiment.


                   
SPY Market Forecast 95.75 Short-term bullish   Pointing UP in the upper reversal zone        
   0.6   PCALL - 10 day SMA (0.75 - 1.00)            
   144.05   SKEW (120 - 135)              
                   
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA              
  6-months UP                
  10-days UP                
  3-days UP                
                   
Indices                   
  QQQ +1.39% ; SPY +0.31% ;  DIA +0.16% ; IWM -0.41%       
  TLT +0.90% at 165.21              
  VIX +0.80% at 22.72              
                   
Sectors                   
  3 sectors closed higher led by  XLK +1.33%  and  XLC +1.24%    Lower =  8      
  9            closing above 30d. SMA  and 2   closing below.
                   
Uptrend XLK, XLC, XLY, XLP, XLV, XLB, XLI               
Sideways XLRE, XLU, XLF, XLE                
Downtrend                  
                   
                   
Breath:                   
NYSE Weakened  as  Decliners led  1188   to   1801 and  Nasdaq   Weakened  as  Decliners led 1347   to   2003   
                   
                   
NDX Leaders:                    
56 closing higher  and  46 closing Lower             
SNPS : +8.55% ;  TSLA : +6.56% ;  ZM : +6.28%         
                   
DJIA Leaders:                    
11 closing higher  and  18 closing Lower             
MSFT : +2.33% ;  AAPL : +2.22% ;  INTC : +1.74%         
                   
SP500 Leaders:                    
152 closing higher  and  347 closing Lower             
SNPS : +8.55% ;  LB : +3.86% ;  NOW : +3.71%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  72                
SNPS, TSLA, ZM, ADBE, ADSK, INTU, DOCU, PYPL, NFLX, ANSS, CDNS, ATVI, FB, MSFT, AAPL, GOOG, AMD, GOOGL, JD, WDAY, LULU, EA, AMZN, EXPE, CSGP, TTWO, VRSN, MDLZ, NTES, TCOM, BIDU, MELI, CTAS, IDXX, MNST, FAST, ISRG, TMUS, PEP, FOXA, CHTR, BKNG, MXIM, TXN, MAR, NVDA, FOX, COST, EBAY, CMCSA, AVGO, CPRT, PAYX, CHKP, CSX, DXCM, QCOM, SBUX, ADI, VRSK, XEL, DLTR, ORLY, CTSH, SWKS, PCAR, CERN, KHC, KLAC, NXPI, MCHP, ULTA
                   
Stocks to watch on  Friday                
Nasdaq100  xsing above30   = 3                
NFLX, VRSN, BIDU                 
                   
Nasdaq100  xsing below30  = 6                
ALGN, REGN, ROST, AMAT, FISV, LRCX                
                   
                   
MACD Crossover:                 
Up   5                
INTU, DOCU, NFLX, FB, MSFT                
                   
Down   8                
TMUS, MAR, CSX, SBUX, NXPI, AMAT, FISV, ULTA               
                   
                   
SETUPS                  
BF  : AMAT, CAT, DIA, HD, NKE, NVDA, TXN, WMT, CARR, CHTR, KHC, KLAC, VRSK           
HBO  : AMZN, ATVI, COST, EA, FB, GOOGL, IBKR, IWM, MCD, MSFT, PEP, PYPL, SBUX, SHOP, SPY, SQ, V, CDNS, CTAS, FAST, ILMN, MNST, NTES, NXPI, TMUS, GOLD  
2T  :                  
MACD  :                  
CHANNEL  : ADI, AKAM, AMD, AXP, BA, BABA, BAC, BIDU, BKNG, BYND, C, CSCO, CSX, EBAY, FAS, INTC, JPM, MMM, MS, NFLX, ORCL, TAL, TLT, TWLO, TWTR, XLE, XLNX, ZION, ALGN, AMGN, CHKP, CTSH, CTXS, CVS, FISV, INCY, LRCX, MCHP, MELI, MXIM, NKLA, PCAR, SWKS, AU, DDOG, GDXJ
BEAR  : MU, BMRN, GILD                
NH  : AAPL, ADBE, JD, QQQ, TGT, TSLA, UNH, QCOM, SNPS, ACN             
EPS  : ADSK, BBY, CRM, DG, DLTR, NTAP, CPRT, DE, DOCU, SPLK, BIG, CRWD            
                   

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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)       ...