QQQ new highs. DIA and IWM consolidating in a range. SPY ready to break out

                   

SPY Market Forecast 96.8 Short-term bullish   Pointing UP in the upper reversal zone        

   0.58   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 +0.96% ; SPY +0.22% ;  DIA -0.27% ; IWM -0.96%       

  TLT +0.72% at 164.76              

  VIX +0.75% at 21.51              

                   

Sectors                   

  4 sectors closed higher led by  XLC +0.90%  and  XLY +0.62%    Lower =  7      

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

                   

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

Sideways XLRE, XLU, XLF, XLE                

Downtrend                  

                   

                   

Breath:                   

NYSE Weakened  as  Decliners led  1171   to   1817 and  Nasdaq   Weakened  as  Decliners led 1259   to   2091   

                   

                   

NDX Leaders:                    

52 closing higher  and  51 closing Lower             

JD : +4.99% ;  AMZN : +4.09% ;  LBTYA : +4.05%         

                   

DJIA Leaders:                    

11 closing higher  and  19 closing Lower             

NKE : +1.24% ;  AAPL : +0.83% ;  MCD : +0.79%         

                   

SP500 Leaders:                    

170 closing higher  and  333 closing Lower             

AMZN : +4.09% ;  MCHP : +3.86% ;  CRM : +3.70%         

                   

NASDAQ 100                  

                   

Nasdaq Above 30MA    =  78                

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

                   

Stocks to watch on  Wednesday                

Nasdaq100  xsing above30   = 1                

MCHP                   

                   

Nasdaq100  xsing below30  = 2                

WBA, XLNX                  

                   

                   

MACD Crossover:                 

Up   6                

AMZN, ZM, MDLZ, NTES, SNPS, SGEN                

                   

Down   8                

FB, BIIB, CPRT, AVGO, CTAS, SIRI, KHC, WBA                

                   

                   

SETUPS                  

BF  : AAPL, AMAT, BKNG, CAT, DIA, TGT, UNH, CARR, CTAS, KHC, PCAR, QCOM, VRSK           

HBO  : ADBE, AMZN, COST, GOOGL, IBKR, IWM, MCD, MS, NKE, PEP, PYPL, SBUX, SPY, SQ, BMRN, CDNS, CHKP, CPRT, FAST, LRCX, MCHP, MNST, MXIM, NTES, NXPI, SWKS, TMUS, GOLD

2T  : WMT, KLAC                

MACD  :                  

CHANNEL  : AKAM, AMD, ATVI, AXP, BA, BAC, BIDU, BYND, C, CSX, EA, EBAY, FAS, FB, INTC, JPM, MMM, MSFT, NFLX, ORCL, SHOP, TAL, TLT, TWLO, TWTR, V, XLE, XLNX, ZION, ALGN, AMGN, CTSH, CTXS, CVS, DOCU, FISV, GILD, ILMN, INCY, MELI, NKLA, AU, DDOG, CRWD, GDXJ

BEAR  : CSCO, MU                

NH  : HD, JD, NVDA, QQQ, TSLA, TXN, CHTR, ACN              

EPS  : ADI, ADSK, BABA, BBY, CRM, DG, DLTR, NTAP, DE, SNPS, SPLK, BIG