IWM leading in sector rotation. QQQ paused, as well as GLD and SLV

                      

                      

SPY Market Forecast 99.04 Short-term bullish   Pointing up in the upper reversal zone           

   0.62   PCALL - 10 day SMA (0.75 - 1.00)               

   139.75   SKEW (120 - 135)                 

                      

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

  6-months UP                   

  10-days UP                   

  3-days UP                   

                      

Indices                      

  IWM +1.59% ; DIA +0.26% ;  SPY +0.07% ; QQQ -1.15%          

  TLT -0.67% at 169.88                 

  VIX -1.94% at 22.21                 

                      

Sectors                      

  9 sectors closed higher led by  XLF +2.14%  and  XLU +1.80%    Lower =  2         

  11            closing above 30d. SMA  and 0   closing below.   

                      

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

Sideways XLF, XLU, XLI, XLRE, XLE                   

Downtrend                     

                      

                      

Breath:                      

 Strengthened  as  Advancers led  1893   to   1079 and  Nasdaq   Strengthened  as  Advancers led 1959   to   1443      

                      

                      

NDX Leaders:                       

34 closing higher  and  69 closing Lower                

BIIB : +10.10% ;  TMUS : +6.47% ;  MAR : +3.75%            

                      

DJIA Leaders:                       

20 closing higher  and  10 closing Lower                

AXP : +3.38% ;  TRV : +3.18% ;  RTX : +2.27%            

                      

SP500 Leaders:                       

361 closing higher  and  143 closing Lower                

BIIB : +10.10% ;  UPS : +7.86% ;  HST : +6.88%            

                      

NASDAQ 100                     

                      

Nasdaq Above 30MA    =  68                   

BIIB, TMUS, MAR, XEL, ROST, EXC, CTAS, WBA, FISV, PCAR, ALGN, FB, FAST, SIRI, DLTR, CSX, LULU, VRSK, PEP, CPRT, DXCM, KHC, MDLZ, SBUX, BKNG, CHKP, CHTR, AMAT, ULTA, CSGP, TXN, CMCSA, CTSH, ORLY, KLAC, MNST, BIDU, MXIM, TCOM, VRSN, COST, CSCO, ISRG, INTU, ANSS, AVGO, XLNX, NVDA, TTWO, NXPI, LRCX, SNPS, AMZN, MSFT, CDNS, EA, IDXX, MELI, AMD, AAPL, TSLA, SWKS, QCOM, PYPL, ADBE, NTES, ATVI, DOCU

                      

Stocks to watch on  Monday                   

Nasdaq100  xsing above30   = 2                   

WBA, PAYX                     

                      

Nasdaq100  xsing below30  = 0                   

                      

                      

                      

MACD Crossover:                    

Up   4                   

BIIB, FISV, SIRI, CSX                    

                      

Down   11                   

CTSH, ORLY, LRCX, SNPS, CDNS, IDXX, WDAY, JD, DOCU, SPLK, ILMN                

                      

                      

SETUPS                     

BF  : AAPL, ATVI, COST, CRM, EA, PYPL, QQQ, SQ, TAL, TWLO, CDNS, CTSH, DOCU, IDXX, LRCX, MNST, QCOM, SPLK, GDXJ         

HBO  : AMZN, DG, DIA, DLTR, FAS, GOOGL, MSFT, NKE, SPY, TLT, V, XLNX, BLK, CPRT, CTAS, FISV, KHC, KLAC, SWKS          

2T  : AXP, IWM, MCD, BIG                   

MACD  :                     

CHANNEL  : ADBE, ADSK, AKAM, BA, BAC, BKNG, BYND, C, CAT, CSX, EBAY, IBKR, INTC, JPM, MMM, MS, MU, NFLX, NTAP, ORCL, PEP, SBUX, SHOP, TSLA, TWTR, TXN, XLE, ALGN, AMGN, BMRN, CHKP, CTXS, CVS, ILMN, INCY, MCHP, MXIM, NKLA, NXPI, CRWD

BEAR  : GILD, DDOG                   

NH  : AMD, BBY, FB, UNH, CARR, CHTR, FAST, PCAR, TMUS, VRSK                

EPS  : ADI, AMAT, BABA, BIDU, CSCO, HD, JD, NVDA, TGT, WMT, DE, MELI, NTES, SNPS, AU, GOLD