Pushing higher. Communications sector leading. NFLX big push to the upside.

                   

SPY Market Forecast 98.59 Short-term bullish   Pointing UP in the upper reversal zone        

   0.59   PCALL - 10 day SMA (0.75 - 1.00)            

   146.53   SKEW (120 - 135)              

                   

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

  6-months UP                

  10-days UP                

  3-days UP                

                   

Indices                   

  QQQ +2.13% ; SPY +1.00% ;  DIA +0.29% ; IWM -0.63%       

  TLT -0.38% at 164.03              

  VIX +5.63% at 23.27              

                   

Sectors                   

  6 sectors closed higher led by  XLC +3.42%  and  XLK +2.03%    Lower =  5      

  9            closing above 30d. SMA  and 2   closing below.

                   

XLC leaders     :    NFLX, FB, GOOG              

XLK leaders     :    CRM, ADBE, MSFT              

XLB leaders     :    CTVA, BLL, DOW              

                   

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

Sideways XLF, XLRE, XLU, XLE                

Downtrend                  

                   

                   

Breath:                   

NYSE Weakened  as  Decliners led  1176   to   1819 and  Nasdaq   Weakened  as  Decliners led 1454   to   1931   

                   

                   

NDX Leaders:                    

69 closing higher  and  33 closing Lower             

NFLX : +11.61% ;  WDAY : +10.10% ;  ADBE : +9.10%         

                   

DJIA Leaders:                    

17 closing higher  and  13 closing Lower             

MSFT : +2.16% ;  HD : +2.03% ;  DIS : +1.84%         

                   

SP500 Leaders:                    

221 closing higher  and  281 closing Lower             

CRM : +26.04% ;  NFLX : +11.61% ;  ADBE : +9.10%         

                   

NASDAQ 100                  

                   

Nasdaq Above 30MA    =  78                

NFLX, WDAY, ADBE, FB, SPLK, TSLA, DOCU, AMZN, GOOG, LBTYK, GOOGL, LBTYA, MSFT, CMCSA, JD, INTU, SNPS, ZM, DLTR, XLNX, ANSS, BIDU, TTWO, VRSN, AAPL, ASML, CDNS, CTSH, AVGO, ATVI, EA, CTXS, FOXA, ALXN, KLAC, EBAY, PYPL, CHKP, PEP, MDLZ, LULU, AMGN, CHTR, BKNG, FOX, TMUS, TXN, IDXX, CPRT, PCAR, ADI, ULTA, FAST, CTAS, VRSK, NVDA, NXPI, SWKS, QCOM, ISRG, MNST, PAYX, NTES, COST, KHC, SBUX, AMD, TCOM, CSX, MELI, ORLY, MXIM, MCHP, EXPE, MAR, CSGP, ROST, ADSK

                   

Stocks to watch on  Thursday                

Nasdaq100  xsing above30   = 7                

NFLX, DOCU, LBTYK, XLNX, VRSN, CTXS, ALXN               

                   

Nasdaq100  xsing below30  = 0                

                   

                   

                   

MACD Crossover:                 

Up   7                

DOCU, VRSN, CDNS, PYPL, PEP, ULTA, MU                

                   

Down   1                

COST                   

                   

                   

SETUPS                  

BF  : BBY, COST, DIA, NKE, TGT, CHTR, CTAS, QCOM, GOLD             

HBO  : AAPL, AMD, ATVI, BIDU, BKNG, CAT, CSX, EA, IBKR, MCD, NFLX, NVDA, PEP, PYPL, SBUX, SHOP, SQ, TWLO, CDNS, FAST, LRCX, MCHP, MELI, MNST, NXPI, SPLK, TMUS

2T  :                  

MACD  :                  

CHANNEL  : ADI, ADSK, AKAM, AMAT, AXP, BA, BAC, BYND, C, CSCO, EBAY, FAS, INTC, IWM, JPM, MMM, MS, TAL, TLT, UNH, WMT, XLE, XLNX, ZION, ALGN, AMGN, CHKP, CTSH, CTXS, CVS, FISV, ILMN, INCY, KHC, KLAC, MXIM, NKLA, PCAR, SWKS, VRSK, AU, DDOG, GDXJ

BEAR  : MU, BMRN, GILD                

NH  : ADBE, AMZN, BABA, CRM, FB, GOOGL, HD, JD, MSFT, QQQ, SPY, TSLA, TWTR, TXN, V, CARR, DE, NTES, SNPS, ACN       

EPS  : DG, DLTR, NTAP, ORCL, CPRT, DOCU, BIG, CRWD