SPY MFC at 98.54 oversold closing to new all times high in a strong breakout pattern. QQQ in a HBO setup

 
                    
SPY Market Forecast 98.54 Short-term bearish pointing down in the upper zone           
   0.58   PCALL - 10 day SMA (0.75 - 1.00)             
   132.88   SKEW (120 - 135)               
                    
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA               
  6-months UP                 
  10-days UP                 
  3-days UP                 
                    
Indices                    
UP:     DIA +0.81% ; SPY +0.73% ; QQQ +0.61% ; IWM +0.01%        
Down:                       
                    
  TLT -0.36% at 137.51               
  VIX -1.53% at 16.69               
                    
Sectors                    
  7 sectors closed higher led by  XLV +1.10%  and  XLI +0.97%    Lower =  4       
  10            closing above 30d. SMA  and 1   closing below.
                    
XLV leaders     :    UNH, PFE, TMO, ABBV              
XLI leaders     :    HON, CSX, UPS, UNP              
XLK leaders     :    CRM, AAPL, INTC, MSFT              
                    
Uptrend XLI, XLK, XLY, XLB, XLF, XLRE, XLC, XLP, XLE               
Sideways XLV, XLU                 
Downtrend                   
                    
                    
Breath:                    
NYSE Strengthened  as  Advancers led  1823   to   1475 and  Nasdaq   Weakened  as  Advancers led 1907   to   2309    
                    
                    
NDX Leaders:                     
61 closing higher  and  42 closing Lower              
ALGN : +2.92% ;  CPRT : +2.69% ;  AMZN : +2.21%          
                    
DJIA Leaders:                     
22 closing higher  and  8 closing Lower              
HON : +3.24% ;  UNH : +3.13% ;  CRM : +3.04%          
                    
SP500 Leaders:                     
365 closing higher  and  138 closing Lower              
PVH : +5.68% ;  TPR : +3.60% ;  CI : +3.29%          
                    
NASDAQ 100                   
                    
Nasdaq Above 30MA    =  86                 
ALGN, CPRT, AMZN, AAPL, CTAS, CSX, ISRG, INTC, LULU, ORLY, SPLK, INTU, CSGP, ADSK, ANSS, DXCM, LBTYK, MSFT, BKNG, GOOG, GOOGL, PYPL, ADBE, AMGN, VRSK, CERN, ULTA, ADP, IDXX, SIRI, CTSH, ROST, NVDA, DLTR, COST, CDW, EBAY, LBTYA, ALXN, CSCO, PAYX, DOCU, SNPS, VRSN, NTAP, EXPE, TTWO, WDAY, QCOM, GILD, NFLX, SBUX, TXN, FISV, PEP, MU, NXPI, MNST, WDC, MCHP, CDNS, AVGO, EXC, CHKP, FB, MELI, MDLZ, REGN, CTXS, AMAT, FAST, KLAC, XEL, SWKS, ADI, ATVI, AMD, EA, TMUS, MXIM, ASML, LRCX, TSLA, WBA, KHC, XLNX
                    
Stocks to watch on  Monday                 
                    
 Nasdaq100  xsing above30   = 1                
  ULTA                  
                    
 Nasdaq100  xsing below30  = 3                
  MAR, INCY, BMRN                 
                    
                    
MACD Crossover:                  
Up   2                 
CSX, FISV                   
                    
Down   5                 
NTAP, XEL, INCY, WBA, KHC                 
                    

 SETUPS      

BF  : SBUX, LRCX, AMAT, DLTR, FB, KLAC, MCD, NXPI  

HBO  : ADBE, AMZN, CDNS, CPRT, CTSH, FISV, QCOM, SNPS, SWKS, MXIM, ADI, EBAY, TXN, VRSK, CAT, DE, MCHP, MU, AXP, BBY, FAS, UNH, V, TGT, QQQ

2T  : SQ     

MACD  :      

CHANNEL  : AAPL, NVDA, PYPL, ALGN, CHKP, CHTR, CTAS, SPLK, PCAR, XLNX, TSLA, COST, TMUS, ATVI, DOCU, ADSK, AKAM, AMD, AU, BA, BABA, BIG, BKNG, BYND, CARR, CRM, CRWD, CSCO, CVS, DDOG, DG, EA, GDXJ, GILD, GOLD, ILMN, IWM, KHC, TWTR, NTES, SHOP, NKE, TWLO, XLE, NTAP, TLT, WMT

BEAR  : BIDU, JD    

NH  : MSFT, MELI, ACN, DIA, GOOGL, HD, MMM, MNST, SPY, ORCL

EPS  : INTC, CTXS, PEP, BAC, C, CSX, FAST, IBKR, JPM, MS, NFLX, TAL, ZION