SPY at resistance. GLD & SLV moving higher

                   

SPY Market Forecast 95.78 Short-term countertrend defensive Pointing DOWN in the upper reversal zone        

   0.57   PCALL - 10 day SMA (0.75 - 1.00)            

   137.01   SKEW (120 - 135)              

                   

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

  6-months UP                

  10-days UP                

  3-days UP                

                   

Indices                   

  QQQ +0.23% ; SPY -0.18% ;  IWM -0.21% ; DIA -0.22%       

  TLT -1.07% at 163.82              

  VIX -0.67% at 22.13              

                   

Sectors                   

  2 sectors closed higher led by  XLC +0.50%  and  XLK +0.04%    Lower =  9      

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

                   

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

Sideways XLU, XLF, XLRE, XLE                

Downtrend                  

                   

                   

Breath:                   

 Weakened  as  Decliners led  1246   to   1747 and  Nasdaq   Weakened  as  Decliners led 1495   to   1838   

                   

                   

NDX Leaders:                    

51 closing higher  and  52 closing Lower             

ZM : +4.45% ;  TSLA : +4.26% ;  MELI : +4.08%         

                   

DJIA Leaders:                    

10 closing higher  and  20 closing Lower             

AAPL : +1.77% ;  NKE : +1.24% ;  MRK : +1.04%         

                   

SP500 Leaders:                    

179 closing higher  and  326 closing Lower             

PAYC : +4.93% ;  HOG : +3.79% ;  KEYS : +3.65%         

                   

NASDAQ 100                  

                   

Nasdaq Above 30MA    =  70                

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

                   

Stocks to watch on  Friday                

Nasdaq100  xsing above30   = 4                

FOXA, VRSN, FOX, GOOGL                

                   

Nasdaq100  xsing below30  = 5                

JD, CDW, WBA, EXC, CSCO                

                   

                   

MACD Crossover:                 

Up   6                

TSLA, WDAY, FOXA, FOX, GOOG, GOOGL                

                   

Down   4                

XEL, PCAR, NTAP, CSCO                 

                   

                   

SETUPS                  

BF  : ATVI, BAC, BKNG, CAT, COST, DIA, IWM, JPM, PYPL, SHOP, SQ, UNH, CARR, CHKP, CHTR, MELI, PCAR, VRSK       

HBO  : AAPL, AMAT, AMD, AMZN, CSX, EA, FB, MCD, MS, NKE, PEP, QQQ, SBUX, SPY, TAL, TSLA, ALGN, CDNS, CPRT, FAST, KHC, LRCX, MNST, NKLA, NXPI, QCOM, SWKS, GDXJ, ACN

2T  : AXP, TMUS                

MACD  : EBAY, CTAS, INCY                

CHANNEL  : ADBE, AKAM, BA, BYND, C, FAS, GOOGL, IBKR, INTC, MMM, MSFT, NFLX, ORCL, TLT, TWLO, TWTR, TXN, V, XLE, XLNX, ZION, AMGN, BMRN, CTSH, CTXS, CVS, DOCU, FISV, ILMN, MCHP, MXIM, NTES, GOLD, CRWD

BEAR  : CSCO, MU, GILD, AU, DDOG                

NH  : KLAC, BIG                

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