Friday, August 14, 2020

Still at resistance moving sideways.


                    
SPY Market Forecast 94.91 Short-term countertrend defensive Pointing DOWN in the upper reversal zone         
   0.57   PCALL - 10 day SMA (0.75 - 1.00)             
   136.11   SKEW (120 - 135)               
                    
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA               
  6-months UP                 
  10-days UP                 
  3-days UP                 
                    
Indices                    
  DIA +0.14% ; SPY 0.00% ;  IWM -0.06% ; QQQ -0.12%        
  TLT -0.39% at 163.18               
  VIX -0.36% at 22.05               
                    
Sectors                    
  5 sectors closed higher led by  XLE +0.95%  and  XLF +0.40%    Lower =  6       
  11            closing above 30d. SMA  and 0   closing below.
                    
Uptrend XLI, XLB, XLY, XLC, XLP, XLK, XLV                
Sideways XLE, XLF, XLRE, XLU                 
Downtrend                   
                    
                    
Breath:                    
 Strengthened  as  Advancers led  1490   to   1447 and  Nasdaq   Weakened  as  Advancers led 1560   to   1770    
                    
                    
NDX Leaders:                     
36 closing higher  and  65 closing Lower              
AMAT : +3.92% ;  WBA : +2.22% ;  TSLA : +1.83%          
                    
DJIA Leaders:                     
17 closing higher  and  13 closing Lower              
WBA : +2.22% ;  BA : +1.92% ;  DOW : +0.99%          
                    
SP500 Leaders:                     
268 closing higher  and  232 closing Lower              
MCK : +4.26% ;  DXC : +3.92% ;  AMAT : +3.92%          
                    
NASDAQ 100                   
                    
Nasdaq Above 30MA    =  64                 
AMAT, WBA, TSLA, DLTR, ULTA, TTWO, ROST, NVDA, CMCSA, KLAC, FOXA, PCAR, FOX, ORLY, CSX, BIIB, FISV, QCOM, NXPI, MDLZ, COST, TXN, CHTR, TMUS, MSFT, KHC, CTSH, CPRT, FB, FAST, MELI, AAPL, XLNX, PAYX, CERN, EXPE, LULU, INTU, PEP, AMZN, SIRI, AVGO, ANSS, MAR, ADBE, TCOM, MNST, CDNS, AMD, CHKP, XEL, BKNG, CTAS, VRSK, SBUX, PYPL, ISRG, LRCX, EA, MXIM, SWKS, CSGP, IDXX, ALGN
                    
Stocks to watch on  Monday                 
Nasdaq100  xsing above30   = 2                 
WBA, FISV                   
                    
Nasdaq100  xsing below30  = 8                 
GOOG, NTES, ADI, GOOGL, ATVI, VRSN, DXCM, BIDU                
                    
                    
MACD Crossover:                  
Up   1                 
EBAY                    
                    
Down   1                 
BIDU                    
                    
                    
SETUPS                   
BF  : AAPL, BAC, CAT, DIA, FB, IWM, SHOP, SPY, SQ, TXN, CARR, CTAS, PCAR, QCOM            
HBO  : AMZN, COST, IBKR, MCD, MS, NKE, PEP, QQQ, TSLA, UNH, CDNS, CHTR, CPRT, FAST, KHC, LRCX, MELI, MNST, NKLA, NXPI, SWKS, TMUS, GDXJ, ACN    
2T  : AXP                  
MACD  : EBAY, INCY                 
CHANNEL  : ADBE, AKAM, AMD, ATVI, BA, BIDU, BKNG, BYND, C, CSX, EA, FAS, GOOGL, INTC, JPM, MMM, MSFT, NFLX, ORCL, PYPL, SBUX, TAL, TLT, TWLO, TWTR, V, XLE, XLNX, ZION, ALGN, AMGN, BMRN, CHKP, CTSH, CTXS, CVS, DOCU, FISV, ILMN, MCHP, MXIM, NTES, VRSK, AU, DDOG, GOLD, CRWD
BEAR  : CSCO, MU, GILD                 
NH  : AMAT, KLAC                 
EPS  : ADI, ADSK, BABA, BBY, CRM, DG, DLTR, HD, JD, NTAP, NVDA, TGT, WMT, DE, SNPS, SPLK, BIG          
                    

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SPY touched all times high once again and reversed at close

SPY Market Forecast     94.34 Defensive pointing down in the upper zone                        0.6   PCALL - 10 day SMA (0.75 - 1.00)       ...