Monday, May 17, 2021

Range day. XLW, XLB and XLF led the sectors. VIX up 4.84%

 
SPY Market Forecast 60.89 Short-term bullish pointing up in the upper zone              
   0.66   PCALL - 10 day SMA (0.75 - 1.00)              
   138.35   SKEW (120 - 135)                
                     
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA                
  6-months UP                  
  10-days SIDEWAYS                  
  3-days DOWN                  
                     
Indices                     
UP:     IWM +0.14% ;                 
Down:        DIA -0.18% ; SPY -0.25% ; QQQ -0.61%         
                     
  TLT -0.21% at 136.79                
  VIX +4.84% at 19.72                
                     
Sectors                     
  4 sectors closed higher led by  XLE +2.32%  and  XLB +0.88%    Lower =  7        
  7            closing above 30d. SMA  and 4   closing below.  
                     
XLE leaders     :    SLB, COP, EOG, WMB               
XLB leaders     :    NEM, DD, DOW, PPG               
XLF leaders     :    WFC, C, BAC, JPM                
                     
Uptrend XLE, XLB, XLF, XLRE, XLP, XLY, XLV, XLI, XLK, XLC, XLU               
Sideways                    
Downtrend                    
                     
                     
Breath:                     
NYSE Strengthened  as  Advancers led  1753   to   1579 and  Nasdaq   Strengthened  as  Advancers led 2206   to   2081     
                     
                     
NDX Leaders:                      
28 closing higher  and  74 closing Lower               
WDC : +6.33% ;  TCOM : +3.76% ;  ULTA : +1.71%           
                     
DJIA Leaders:                      
13 closing higher  and  17 closing Lower               
MRK : +2.02% ;  DOW : +1.55% ;  CVX : +1.22%           
                     
SP500 Leaders:                      
209 closing higher  and  292 closing Lower               
STX : +6.39% ;  WDC : +6.33% ;  OXY : +5.14%           
                     
NASDAQ 100                    
                     
Nasdaq Above 30MA    =  40                  
WDC, TCOM, ULTA, REGN, EBAY, WBA, GILD, ALXN, INTU, GOOGL, AMGN, SGEN, GOOG, MDLZ, KHC, CSCO, BIIB, EXC, ORLY, ADP, NTAP, COST, FB, LBTYK, PAYX, PEP, VRTX, CERN, FAST, VRSN, LBTYA, PCAR, TMUS, CPRT, XEL, CSX, ROST, CTAS, CHTR, CMCSA
                     
Stocks to watch on  Tuesday                  
                     
 Nasdaq100  xsing above30   = 3                 
  TCOM, EBAY, GOOGL                  
                     
 Nasdaq100  xsing below30  = 4                 
  IDXX, CHKP, ASML, ISRG                  
                     
                     
MACD Crossover:                   
Up   11                  
WDC, ULTA, BIDU, TTWO, EXC, INTC, NTAP, AVGO, NXPI, NFLX, SPLK               
                     
Down   6                  
CERN, FOX, FOXA, CTAS, CHTR, CMCSA                  
                     

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SPY touched all times high once again and reversed at close

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