New high for QQQ. GLD and SLV in bullish mode. Advancers led.

                     

SPY Market Forecast 94.71 Short-term countertrend defensive Pointing DOWN in the upper reversal zone          

   0.57   PCALL - 10 day SMA (0.75 - 1.00)              

   137.45   SKEW (120 - 135)                

                     

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

  6-months UP                  

  10-days UP                  

  3-days UP                  

                     

Indices                     

  QQQ +1.16% ; IWM +0.52% ;  SPY +0.32% ; DIA -0.30%         

  TLT +0.25% at 163.59                

  VIX -3.17% at 21.35                

                     

Sectors                     

  7 sectors closed higher led by  XLY +1.29%  and  XLRE +0.89%    Lower =  4        

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

                     

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

Sideways XLRE, XLU, XLE, XLF                  

Downtrend                    

                     

                     

Breath:                     

 Strengthened  as  Advancers led  1528   to   1453 and  Nasdaq   Strengthened  as  Advancers led 1908   to   1547     

                     

                     

NDX Leaders:                      

72 closing higher  and  31 closing Lower               

TSLA : +11.20% ;  ZM : +8.67% ;  JD : +7.93%           

                     

DJIA Leaders:                      

11 closing higher  and  19 closing Lower               

HD : +2.74% ;  WMT : +2.26% ;  MRK : +1.53%           

                     

SP500 Leaders:                      

248 closing higher  and  255 closing Lower               

LB : +8.52% ;  GM : +7.72% ;  NEM : +7.05%           

                     

NASDAQ 100                    

                     

Nasdaq Above 30MA    =  79                  

TSLA, ZM, JD, NVDA, BIDU, DOCU, DXCM, ROST, MELI, NTES, PYPL, KLAC, FISV, SNPS, DLTR, WDAY, ASML, ADSK, ATVI, EBAY, LULU, LRCX, CTAS, NXPI, CDNS, ISRG, AMD, ANSS, IDXX, ORLY, TMUS, CPRT, EXPE, COST, AMZN, TTWO, CSX, KHC, CTSH, ADBE, ALGN, INTU, GOOGL, AVGO, SBUX, MDLZ, GOOG, TXN, MSFT, MXIM, FAST, PEP, SIRI, ADI, PAYX, MNST, CSGP, EA, CHTR, SWKS, FB, VRSK, CERN, BIIB, CHKP, AAPL, MAR, PCAR, FOX, CMCSA, ULTA, XLNX, FOXA, XEL, TCOM, AMAT, QCOM, BKNG, WBA

                     

Stocks to watch on  Tuesday                  

Nasdaq100  xsing above30   = 15                  

ZM, JD, BIDU, DOCU, DXCM, NTES, SNPS, WDAY, ASML, ADSK, ATVI, EBAY, GOOGL, GOOG, ADI             

                     

Nasdaq100  xsing below30  = 0                  

                     

                     

                     

MACD Crossover:                   

Up   14                  

JD, MCHP, INCY, VRTX, FISV, ADSK, AMGN, ANSS, CTXS, BMRN, KHC, GILD, ADBE, PEP              

                     

Down   3                  

MNST, TCOM, QCOM                   

                     

                     

SETUPS                    

BF  : AMAT, CAT, COST, DIA, FB, GOOGL, IWM, CARR, FAST, PCAR, QCOM              

HBO  : IBKR, JD, MS, NKE, PEP, PYPL, QQQ, SBUX, SHOP, SPY, SQ, TXN, UNH, CDNS, CHTR, CPRT, CTAS, CTSH, CVS, KHC, LRCX, MNST, MXIM, NTES, NXPI, SWKS, TMUS, VRSK, GOLD, GDXJ, ACN

2T  : MCD                   

MACD  : EBAY                   

CHANNEL  : ADBE, AKAM, AMD, AMZN, ATVI, AXP, BA, BAC, BIDU, BKNG, BYND, C, CSX, EA, FAS, INTC, JPM, MMM, MSFT, NFLX, ORCL, TAL, TLT, TWLO, TWTR, V, XLE, XLNX, ZION, ALGN, AMGN, BMRN, CHKP, CTXS, DOCU, FISV, ILMN, INCY, MCHP, MELI, NKLA, AU, DDOG, CRWD

BEAR  : CSCO, MU, GILD                  

NH  : AAPL, TSLA, KLAC                  

EPS  : ADI, ADSK, BABA, BBY, CRM, DG, DLTR, HD, NTAP, NVDA, TGT, WMT, DE, SNPS, SPLK, BIG