Thursday, August 06, 2020

Even higher. QQQ and GLD all times high. IWM flat.


                   
SPY Market Forecast 98.71 Short-term bullish   Pointing up in the upper reversal zone        
   0.61   PCALL - 10 day SMA (0.75 - 1.00)            
   139.59   SKEW (120 - 135)              
                   
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA              
  6-months UP                
  10-days UP                
  3-days UP                
                   
Indices                   
  QQQ +1.32% ; DIA +0.70% ;  SPY +0.67% ; IWM -0.04%       
  TLT +0.56% at 171.02              
  VIX -1.48% at 22.65              
                   
Sectors                   
  6 sectors closed higher led by  XLC +2.63%  and  XLK +1.41%    Lower =  5      
  11            closing above 30d. SMA  and 0   closing below.
                   
Uptrend XLC, XLK, XLY, XLP, XLB, XLV                
Sideways XLU, XLI, XLRE, XLF, XLE                
Downtrend                  
                   
                   
Breath:                   
 Weakened  as  Decliners led  1458   to   1496 and  Nasdaq   Weakened  as  Decliners led 1542   to   1790   
                   
                   
NDX Leaders:                    
61 closing higher  and  42 closing Lower             
FB : +6.49% ;  FISV : +4.47% ;  MAR : +3.58%         
                   
DJIA Leaders:                    
17 closing higher  and  13 closing Lower             
AAPL : +3.49% ;  DIS : +2.52% ;  MCD : +1.97%         
                   
SP500 Leaders:                    
244 closing higher  and  260 closing Lower             
MGM : +10.41% ;  SEE : +8.76% ;  AES : +7.47%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  76                
FB, FISV, MAR, AAPL, ADBE, ATVI, NXPI, EXPE, SWKS, GOOG, GOOGL, AMD, MSFT, BKNG, VRSK, KHC, NFLX, CMCSA, CPRT, CSX, ALGN, CTAS, ULTA, XLNX, COST, ANSS, CSCO, CDNS, TXN, TTWO, CHTR, AMZN, MDLZ, PYPL, BIIB, PCAR, EA, MNST, EXC, XEL, NVDA, INTU, SNPS, TSLA, MXIM, NTES, CTSH, TMUS, SIRI, ADSK, AVGO, TCOM, SBUX, VRSN, KLAC, BIDU, DLTR, ISRG, FAST, PEP, QCOM, ILMN, LULU, MELI, ORLY, JD, CSGP, CHKP, LRCX, IDXX, SPLK, ZM, ROST, AMAT, DXCM, DOCU
                   
Stocks to watch on  Friday                
Nasdaq100  xsing above30   = 5                
FISV, MAR, EXPE, GOOG, GOOGL                
                   
Nasdaq100  xsing below30  = 5                
LBTYA, CDW, EBAY, MU, WDC                
                   
                   
MACD Crossover:                 
Up   6                
MAR, NXPI, BKNG, VRSK, TXN, WDAY                
                   
Down   5                
FOX, FOXA, CDW, AMAT, WDC                
                   
                   
SETUPS                  
BF  : SQ, TAL, TWLO, CDNS, CTSH, DE, DOCU, FAST, IDXX, LRCX, MNST, QCOM, BIG, GDXJ          
HBO  : ADBE, ADSK, AMZN, DIA, DLTR, IWM, MCD, MSFT, PYPL, SHOP, SPY, TLT, UNH, XLNX, ALGN, CHKP, CPRT, CTAS, KHC, PCAR, SWKS, TMUS, VRSK   
2T  : TWTR, SPLK                
MACD  :                  
CHANNEL  : AKAM, AXP, BA, BAC, BYND, C, CAT, CSX, DG, EBAY, FAS, GOOGL, IBKR, INTC, JPM, MMM, MS, MU, NFLX, NKE, ORCL, PEP, SBUX, TSLA, TXN, V, XLE, AMGN, BLK, BMRN, CTXS, CVS, FISV, INCY, KLAC, MCHP, MXIM, NKLA, NXPI, DDOG, CRWD
BEAR  : GILD                 
NH  : AAPL, AMD, ATVI, BBY, COST, CRM, EA, FB, QQQ, CARR, CHTR            
EPS  : ADI, AMAT, BABA, BIDU, BKNG, CSCO, HD, JD, NTAP, NVDA, TGT, WMT, ILMN, MELI, NTES, SNPS, AU, GOLD       
                   

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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)       ...