QQQ Index and XLK Sector leading the upside move

 
SPY Market Forecast 86.21 Short-term bullish pointing up in the upper zone           
   0.64   PCALL - 10 day SMA (0.75 - 1.00)           
   140.93   SKEW (120 - 135)             
                  
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA             
  6-months UP               
  10-days SIDEWAYS               
  3-days UP               
                  
Indices                  
UP:     QQQ +1.53% ; IWM +1.34% ; SPY +0.41% ;        
Down:              DIA -0.19%      
                  
  TLT -0.56% at 135.45             
  VIX -1.07% at 19.4             
                  
Sectors                  
  5 sectors closed higher led by  XLK +1.59%  and  XLY +0.78%    Lower =  6     
  9            closing above 30d. SMA  and 2   closing below.
                  
XLK leaders     :    NVDA, PYPL, ADBE, AAPL            
XLY leaders     :    AMZN, DG, HD, LOW            
XLU leaders     :    NEE, SO, SRE, XEL             
                  
Uptrend XLC, XLI, XLB, XLE, XLF               
Sideways XLK, XLY, XLU, XLV, XLP, XLRE              
Downtrend                 
                  
                  
Breath:                  
NYSE Strengthened  as  Advancers led  1817   to   1505 and  Nasdaq   Strengthened  as  Advancers led 2678   to   1510  
                  
                  
NDX Leaders:                   
75 closing higher  and  28 closing Lower            
AMAT : +5.40% ;  TSLA : +5.08% ;  CDNS : +4.68%        
                  
DJIA Leaders:                   
9 closing higher  and  21 closing Lower            
WBA : +3.62% ;  AAPL : +1.88% ;  MSFT : +1.69%        
                  
SP500 Leaders:                   
210 closing higher  and  294 closing Lower            
PVH : +5.57% ;  AMAT : +5.40% ;  TSLA : +5.08%        
                  
NASDAQ 100                 
                  
Nasdaq Above 30MA    =  65               
AMAT, CDNS, KLAC, LRCX, NVDA, WBA, SNPS, MCHP, ALGN, ADSK, SWKS, ASML, ANSS, FB, ADBE, VRSN, NXPI, ISRG, MSFT, TXN, ADI, MXIM, EBAY, CTXS, BIIB, INCY, CTAS, LBTYK, LBTYA, VRTX, GOOGL, COST, XEL, EA, GOOG, NTAP, CDW, EXC, REGN, TMUS, MNST, VRSK, INTC, CERN, ADP, CSX, MAR, CSCO, BKNG, TTWO, ALXN, ORLY, AMGN, ROST, MDLZ, SIRI, CTSH, FAST, KHC, PEP, SBUX, PAYX, GILD, DLTR, EXPE
                  
Stocks to watch on  Friday               
                  
 Nasdaq100  xsing above30   = 17              
  CDNS, NVDA, SNPS, MCHP, ALGN, ADSK, ANSS, ISRG, MSFT, ADI, MXIM, CTAS, LBTYA, VRTX, GOOGL, GOOG, TTWO     
                  
 Nasdaq100  xsing below30  = 3              
  FISV, CHTR, LULU               
                  
                  
MACD Crossover:                
Up   11               
TSLA, WBA, AMD, IDXX, INTU, CPRT, MSFT, GOOGL, BMRN, GOOG, NTES            
                  
Down   2               
MDLZ, PAYX                 
                  

SPY bounced from 50% retracement

 
SPY Market Forecast 68.13 Short-term bearish pointing down in the middle zone          
   0.6   PCALL - 10 day SMA (0.75 - 1.00)            
   140.86   SKEW (120 - 135)              
                   
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA              
  6-months UP                
  10-days SIDEWAYS                
  3-days DOWN                
                   
Indices                   
UP:     IWM +2.37% ; DIA +0.65% ; SPY +0.56% ;         
Down:              QQQ -0.17%       
                   
  TLT -0.79% at 137.14              
  VIX -6.56% at 19.81              
                   
Sectors                   
  9 sectors closed higher led by  XLF +1.68%  and  XLI +1.60%    Lower =  2      
  7            closing above 30d. SMA  and 4   closing below.
                   
XLF leaders     :    WFC, AXP, C, BAC              
XLI leaders     :    BA, GE, RTX, UPS              
XLB leaders     :    PPG, SHW, DOW, LIN             
                   
Uptrend XLF, XLI, XLB, XLE, XLC                
Sideways XLU, XLP, XLY, XLRE, XLV, XLK               
Downtrend                  
                   
                   
Breath:                   
NYSE Strengthened  as  Advancers led  2137   to   1136 and  Nasdaq   Strengthened  as  Advancers led 2670   to   1544   
                   
                   
NDX Leaders:                    
61 closing higher  and  42 closing Lower             
EXPE : +5.13% ;  BIIB : +3.12% ;  ROST : +3.04%         
                   
DJIA Leaders:                    
23 closing higher  and  7 closing Lower             
BA : +3.32% ;  AXP : +2.79% ;  TRV : +2.34%         
                   
SP500 Leaders:                    
403 closing higher  and  101 closing Lower             
DRI : +8.19% ;  EXPE : +5.13% ;  GPS : +5.01%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  39                
EXPE, BIIB, KHC, COST, NTAP, MAR, SBUX, NXPI, FAST, CDW, CSCO, ORLY, LBTYK, CSX, LBTYA, PAYX, FOX, EXC, ASML, ADP, TMUS, MDLZ, CMCSA, SIRI, XEL, CERN, PEP, DLTR, FOXA, AMGN, CTSH, MNST, CTXS, WBA, TXN, FISV, AMAT, FB, CHTR
                   
Stocks to watch on  Friday                
                   
 Nasdaq100  xsing above30   = 0               
                   
                   
 Nasdaq100  xsing below30  = 3               
  GILD, VRSN, VRSK                
                   
                   
MACD Crossover:                 
Up   0                
                   
                   
Down   9                
LBTYA, AVGO, SIRI, XLNX, BMRN, WDAY, CPRT, CHKP, NTES