SPY Market Forecast 80.58 Short-term bullish pointing up in the upper zone
0.58 PCALL - 10 day SMA (0.75 - 1.00)
155.31 SKEW (120 - 135)
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA
6-months UP
10-days SIDEWAYS
3-days SIDEWAYS
Indices
UP: QQQ +0.32% ; DIA +0.30% ; SPY +0.18% ;
Down: IWM -0.07%
TLT -0.16% at 138.44
VIX +0.12% at 16.76
SPY : Channel HBO Setup above 30ds SMA
QQQ : Channel at resistance above 30ds SMA
DIA : Channel HBO Setup above 30ds SMA
IWM : Channel at resistance above 30ds SMA
Sectors
7 sectors closed higher led by XLRE +0.67% and XLU +0.54% Lower = 3
9 closing above 30d. SMA and 2 closing below.
XLRE leaders : EXR, KIM, MAA, AVB
XLU leaders : 0
XLV leaders : 0
Uptrend XLRE, XLV, XLK, XLP, XLE, XLF, XLI, XLB, XLY, XLC
Sideways XLU
Downtrend
Breath:
NYSE Strengthened as Advancers led 1989 to 1344 and Nasdaq Strengthened as Advancers led 2263 to 2011
NDX Leaders:
67 closing higher and 33 closing Lower
ULTA : +5.18% ; NVDA : +4.88% ; XLNX : +3.24%
DJIA Leaders:
14 closing higher and 16 closing Lower
CRM : +5.43% ; AMGN : +1.12% ; CVX : +0.76%
SP500 Leaders:
283 closing higher and 214 closing Lower
CRM : +5.43% ; ULTA : +5.18% ; NVDA : +4.88%
NASDAQ 100
Nasdaq Above 30MA = 63
ULTA, NVDA, XLNX, TCOM, SGEN, EBAY, AMD, DXCM, EXPE, INTU, ZM, LBTYA, ASML, REGN, NTES, INCY, ADBE, EXC, BKNG, LBTYK, AVGO, PEP, ADI, MXIM, MCHP, IDXX, QCOM, SIRI, LRCX, NXPI, FAST, CPRT, GOOG, KHC, TXN, MDLZ, SBUX, CHTR, PAYX, MU, AMAT, PYPL, KLAC, TMUS, ATVI, CMCSA, EA, CSCO, CERN, SNPS, CTAS, VRSN, GOOGL, ALXN, ADSK, TTWO, ADP, ILMN, WDC, FB, ALGN, NTAP, COST
Stocks to watch on Tuesday
Nasdaq100 xsing above30 = 12
XLNX, EBAY, AMD, DXCM, LBTYA, REGN, INCY, EXC, BKNG, LBTYK, QCOM, SBUX
Nasdaq100 xsing below30 = 4
FOX, LULU, MAR, FOXA
MACD Crossover:
Up 3
PEP, ROST, CSX
Down 2
CERN, NTAP
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