Thursday, May 20, 2021

All indices closed higher in the range bounce continuation.

SPY Market Forecast 55.15 Short-term bullish pointing up in the middle zone             
   0.66   PCALL - 10 day SMA (0.75 - 1.00)             
   143.75   SKEW (120 - 135)               
                    
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA               
  6-months UP                 
  10-days SIDEWAYS                 
  3-days SIDEWAYS                 
                    
Indices                    
UP:     QQQ +1.93% ; SPY +1.08% ; IWM +0.67% ; DIA +0.61%        
Down:                       
                    
  TLT +0.82% at 137.23               
  VIX -6.81% at 20.67               
                    
Sectors                    
  10 sectors closed higher led by  XLK +1.91%  and  XLC +1.71%    Lower =  1       
  8            closing above 30d. SMA  and 3   closing below.
                    
XLK leaders     :    NVDA, PYPL, ADBE, AAPL              
XLC leaders     :    NFLX, ATVI, T, CHTR              
XLRE leaders     :    CCI, AMT, EQIX, PLD              
                    
Uptrend XLK, XLC, XLRE, XLV, XLY, XLP, XLU, XLI, XLB, XLF, XLE              
Sideways                   
Downtrend                   
                    
                    
Breath:                    
NYSE Strengthened  as  Advancers led  2213   to   1090 and  Nasdaq   Strengthened  as  Advancers led 3038   to   1255    
                    
                    
NDX Leaders:                     
92 closing higher  and  11 closing Lower              
NTES : +7.99% ;  ZM : +4.59% ;  MXIM : +4.55%          
                    
DJIA Leaders:                     
24 closing higher  and  6 closing Lower              
AAPL : +2.10% ;  BA : +1.44% ;  MSFT : +1.38%          
                    
SP500 Leaders:                     
350 closing higher  and  153 closing Lower              
HRL : +7.37% ;  VIAC : +4.61% ;  MXIM : +4.55%          
                    
NASDAQ 100                   
                    
Nasdaq Above 30MA    =  48                 
NTES, ZM, MXIM, SGEN, ADI, LRCX, BMRN, INTU, TTWO, ASML, MCHP, CPRT, ILMN, ATVI, NXPI, WDC, VRSN, CHTR, INCY, EA, IDXX, GOOG, PAYX, ADP, BIIB, ALXN, FB, GOOGL, XEL, TMUS, AMGN, GILD, PEP, MDLZ, VRTX, COST, FAST, ORLY, CSCO, KHC, TCOM, LBTYA, REGN, LBTYK, EXC, CERN, NTAP, WBA
                    
Stocks to watch on  Friday                 
                    
 Nasdaq100  xsing above30   = 18                
  ZM, ADI, LRCX, BMRN, ASML, MCHP, CPRT, ILMN, NXPI, INCY, EA, IDXX, GOOG, ADP, GOOGL, AMGN, VRTX, FAST        
                    
 Nasdaq100  xsing below30  = 0                
                    
                    
                    
MACD Crossover:                  
Up   28                 
MXIM, JD, AMAT, LRCX, NVDA, BMRN, WDAY, DOCU, SIRI, ALGN, ASML, PYPL, XLNX, ADSK, AMD, CDNS, ADBE, ANSS, INCY, ALXN, FB, BKNG, CSGP, QCOM, MU, FISV, SWKS, MDLZ  
                    
Down   0                 
                    
                    
 

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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)       ...