Bull Flag Bounce

 
                    
SPY Market Forecast 74.88 Short-term bullish    pointing up in the middle  zone          
   0.59   PCALL - 10 day SMA (0.75 - 1.00)             
   123.47   SKEW (120 - 135)               
                    
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA               
  6-months UP                 
  10-days UP                 
  3-days DOWN                 
                    
Indices                    
  IWM +1.03% ; DIA -0.03% ;  SPY -0.12% ; QQQ -0.67%        
  TLT -0.17% at 161.84               
  VIX +2.16% at 26.97               
                    
Sectors                    
  6 sectors closed higher led by  XLE +1.21%  and  XLF +0.77%    Lower =  5       
  10            closing above 30d. SMA  and 1   closing below.
                    
XLE leaders     :    SLB, COP, EOG, MPC              
XLF leaders     :    BAC, JPM, C, BLK               
XLRE leaders     :    WELL, CCI, SBAC, PLD              
                    
Uptrend XLI, XLB                 
Sideways XLF, XLRE, XLY, XLP, XLU, XLK, XLV, XLC                
Downtrend XLE                  
                    
                    
Breath:                    
NYSE Strengthened  as  Advancers led  1709   to   1326 and  Nasdaq   Strengthened  as  Advancers led 1881   to   1578    
                    
                    
NDX Leaders:                     
34 closing higher  and  66 closing Lower              
ZM : +5.33% ;  WBA : +4.82% ;  ADSK : +2.16%          
                    
DJIA Leaders:                     
16 closing higher  and  14 closing Lower              
WBA : +4.82% ;  JPM : +1.50% ;  NKE : +1.05%          
                    
SP500 Leaders:                     
319 closing higher  and  178 closing Lower              
#REF! : #REF! ;  APA : +6.09% ;  SCHW : +5.15%          
                    
NASDAQ 100                   
                    
Nasdaq Above 30MA    =  91                 
ZM, WBA, ADSK, CPRT, MELI, DLTR, DXCM, DOCU, ALGN, ORLY, MXIM, EXC, NTAP, ADI, WDC, CSX, MU, INTC, SNPS, MCHP, IDXX, KHC, LULU, XLNX, LRCX, CDW, PCAR, CSCO, VRSK, LBTYK, NFLX, ANSS, SWKS, SIRI, LBTYA, AVGO, ROST, TXN, NXPI, XEL, PYPL, CSGP, CHTR, CHKP, ULTA, CTSH, AAPL, ALXN, MDLZ, COST, GOOGL, SBUX, TTWO, MSFT, GOOG, CERN, AMAT, AMZN, ADP, PEP, CTAS, CDNS, FISV, NVDA, INTU, QCOM, ADBE, JD, EA, TMUS, PAYX, AMD, ISRG, KLAC, CTXS, BMRN, VRSN, WDAY, MNST, FB, EBAY, SPLK, ATVI, ILMN, SGEN, REGN, TSLA, ASML, BIIB, INCY, BIDU
                    
Stocks to watch on  Friday                 
Nasdaq100  xsing above30   = 2                 
WBA, DXCM                   
                    
Nasdaq100  xsing below30  = 1                 
VRTX                    
                    
                    
MACD Crossover:                  
Up   1                 
ZM                    
                    
Down   8                 
ROST, CSGP, FAST, AMD, SGEN, EXPE, BIIB, VRTX                
                    
                    
SETUPS                   
BF  : CHTR, CTAS, QCOM, SNPS, SWKS, PEP, ADI, COST, TMUS, VRSK, AMAT, DE, MCHP, MELI, MU, CRWD, DDOG, DG, DIA, DLTR, HD, IWM, UNH, NKE, SPY, TGT, SQ, WMT  
HBO  : DOCU, ADSK, BIG, EA                 
2T  : BBY                  
MACD  :                   
CHANNEL  : ADBE, NVDA, CPRT, SPLK, INCY, ACN, AU, BAC, BIDU, BKNG, CRM, CSCO, CVS, FAS, FAST, GDXJ, GOLD, JD, JPM, MNST, MS, NTAP, QQQ, TLT, ORCL    
BEAR  : C, NTES, NKLA, XLE                 
NH  : MCD                  
EPS  : AAPL, AMZN, INTC, MSFT, PYPL, SBUX, ALGN, CDNS, CHKP, CTSH, CTXS, FISV, MXIM, PCAR, XLNX, TSLA, EBAY, TXN, LRCX, AMGN, ATVI, CAT, AKAM, AMD, AXP, BA, BABA, BMRN, BYND, CARR, CSX, FB, GILD, GOOGL, IBKR, ILMN, KHC, KLAC, MMM, TWTR, V, NFLX, SHOP, TAL, TWLO, NXPI, ZION