SPY Closed the gap, still in bullish territory. IWM led the move to the upside.

                   

SPY Market Forecast 96.47 Short-term bullish   Pointing up in the upper reversal zone        

   0.63   PCALL - 10 day SMA (0.75 - 1.00)            

   139.59   SKEW (120 - 135)              

                   

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

  6-months UP                

  10-days UP                

  3-days UP                

                   

Indices                   

  IWM +1.99% ; DIA +1.34% ;  SPY +0.62% ; QQQ +0.25%       

  TLT -0.87% at 170.07              

  VIX -3.24% at 22.99              

                   

Sectors                   

  7 sectors closed higher led by  XLI +1.91%  and  XLB +1.46%    Lower =  4      

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

                   

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

Sideways XLI, XLF, XLE, XLRE, XLU                

Downtrend                  

                   

                   

Breath:                   

 Strengthened  as  Advancers led  2056   to   917 and  Nasdaq   Strengthened  as  Advancers led 2270   to   1064   

                   

                   

NDX Leaders:                    

48 closing higher  and  53 closing Lower             

MNST : +6.52% ;  MELI : +4.39% ;  LULU : +3.72%         

                   

DJIA Leaders:                    

19 closing higher  and  11 closing Lower             

DIS : +8.80% ;  BA : +5.58% ;  RTX : +4.38%         

                   

SP500 Leaders:                    

320 closing higher  and  182 closing Lower             

AIZ : +14.15% ;  ARNC : +12.49% ;  AAL : +9.50%         

                   

NASDAQ 100                  

                   

Nasdaq Above 30MA    =  76                

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

                   

Stocks to watch on  Thursday                

Nasdaq100  xsing above30   = 3                

ALGN, BKNG, ULTA                 

                   

Nasdaq100  xsing below30  = 6                

FISV, LBTYK, REGN, FOX, FOXA, MCHP                

                   

                   

MACD Crossover:                 

Up   6                

LULU, AMZN, ILMN, ULTA, ADSK, PAYX                

                   

Down   5                

XLNX, VRSK, LBTYA, REGN, MCHP                

                   

                   

SETUPS                  

BF  : AAPL, ATVI, CRM, EA, FB, MSFT, TWLO, XLNX, CDNS, CTSH, DOCU, IDXX, LRCX, SWKS, VRSK         

HBO  : ADBE, ADSK, AMZN, BA, DG, DIA, DLTR, EBAY, IBKR, IWM, MCD, NFLX, NKE, SHOP, SPY, UNH, BLK, CHKP, CTAS, KHC, MXIM, PCAR, QCOM, BIG, CRWD   

2T  : SQ, CPRT                

MACD  :                  

CHANNEL  : AKAM, AXP, BAC, BYND, C, CAT, CSX, FAS, GOOGL, INTC, JPM, MMM, MS, MU, ORCL, PEP, SBUX, TLT, TSLA, TWTR, TXN, V, XLE, ALGN, AMGN, BMRN, CTXS, CVS, FISV, INCY, KLAC, MCHP, NKLA, NXPI

BEAR  : GILD                 

NH  : AMD, BBY, COST, PYPL, QQQ, TAL, CARR, CHTR, DE, FAST, MNST, SPLK, GDXJ           

EPS  : ADI, AMAT, BABA, BIDU, BKNG, CSCO, HD, JD, NTAP, NVDA, TGT, WMT, ILMN, MELI, NTES, SNPS, TMUS, AU, DDOG, GOLD