Saturday, September 19, 2020

Bearish? Support?

 

                   

SPY Market Forecast 29.5 Short-term bearish  pointing DOWN in the neutral zone         

   0.68   PCALL - 10 day SMA (0.75 - 1.00)            

   132.09   SKEW (120 - 135)              

                   

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

  6-months UP                

  10-days Down                

  3-days Down                

                   

Indices                   

  QQQ -1.28% ; SPY -1.15% ;  DIA -0.85% ; IWM -0.26%       

  TLT -0.31% at 163.57              

  VIX -2.38% at 25.83              

                   

Sectors                   

  0 sectors closed higher led by  XLV -0.15%  and  XLF -0.20%    Lower =  11      

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

                   

XLV leaders     :    JNJ, LLY, UNH              

XLF leaders     :    BLK, WFC, BRK/B              

XLP leaders     :    PG, KO, KMB              

                   

Uptrend XLI, XLB                

Sideways XLV, XLF, XLP, XLC, XLY, XLK, XLU, XLRE               

Downtrend XLE                 

                   

                   

Breath:                   

NYSE Weakened  as  Decliners led  1046   to   1984 and  Nasdaq   Weakened  as  Decliners led 1599   to   1820   

                   

                   

NDX Leaders:                    

19 closing higher  and  84 closing Lower             

ZM : +6.20% ;  TSLA : +4.42% ;  SGEN : +3.01%         

                   

DJIA Leaders:                    

4 closing higher  and  26 closing Lower             

JNJ : +1.37% ;  UNH : +1.00% ;  MRK : +0.20%         

                   

SP500 Leaders:                    

89 closing higher  and  414 closing Lower             

APTV : +6.80% ;  MRO : +2.99% ;  NWSA : +2.83%         

                   

NASDAQ 100                  

                   

Nasdaq Above 30MA    =  25                

ZM, TSLA, SGEN, CPRT, CHTR, CSX, JD, BIDU, AMGN, FISV, ALXN, MU, CMCSA, TCOM, INTC, PAYX, ULTA, NXPI, AVGO, CTSH, SBUX, ALGN, FOXA, FOX, WDC    

                   

Stocks to watch on  Sunday                

Nasdaq100  xsing above30   = 0                

                   

                   

Nasdaq100  xsing below30  = 10                

CDW, TXN, WDAY, ROST, CTAS, NVDA, VRTX, EXPE, QCOM, MAR              

                   

                   

MACD Crossover:                 

Up   8                

ZM, TSLA, ATVI, VRSN, LRCX, ASML, AMGN, AMAT               

                   

Down   6                

SWKS, ROST, VRSK, FOXA, FOX, INCY                

                   

                   

SETUPS                  

BF  : CSX, MCD, MMM, ORCL                

HBO  : CAT, TSLA, CARR, CHTR                

2T  : BYND                 

MACD  :                  

CHANNEL  : AAPL, ADBE, ADI, ADSK, AKAM, AMAT, AMD, AMZN, ATVI, AXP, BA, BABA, BAC, BBY, BIDU, BKNG, CRM, DIA, DLTR, EA, EBAY, FAS, FB, GOOGL, HD, IBKR, INTC, IWM, JD, JPM, MS, NTAP, NVDA, QQQ, SBUX, SPY, SQ, TAL, TGT, TLT, TWLO, TWTR, UNH, V, WMT, XLE, XLNX, ZION, ALGN, AMGN, BMRN, CDNS, CHKP, CPRT, CTSH, CTXS, CVS, DOCU, FAST, FISV, MCHP, MNST, MXIM, NKLA, NTES, NXPI, PCAR, QCOM, SNPS, SWKS, TMUS, VRSK, AU, BIG, DDOG, GOLD, CRWD, GDXJ

BEAR  : C, CSCO, MSFT, NFLX, PYPL, SHOP, TXN, GILD, ILMN, INCY, KHC, KLAC, LRCX, MELI, SPLK          

NH  : DG, DE                 

EPS  : COST, MU, NKE, PEP, CTAS, ACN               

                   

                   

 

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