Monday, June 14, 2021

SPY and QQQ New all times high. XLK, XLC led the sectors. SPY Market Forecast bullish.

 
SPY Market Forecast 95.95 Short-term bullish pointing up in the upper zone              
   0.47   PCALL - 10 day SMA (0.75 - 1.00)              
   160.64   SKEW (120 - 135)                
                     
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA                
  6-months UP                  
  10-days UP                  
  3-days UP                  
                     
Indices                     
UP:     QQQ +0.96% ; SPY +0.22% ;              
Down:           DIA -0.24% ; IWM -0.29%         
                     
  TLT -0.77% at 141.22                
  VIX +4.73% at 16.39                
                     
SPY   : HBO Triggered - NH    above 30ds SMA              
QQQ   : HBO Triggered - NH    above 30ds SMA              
DIA   : Channel HBO Setup    above 30ds SMA              
IWM   : Channel BF Setup    above 30ds SMA              
                     
                     
Sectors                     
  6 sectors closed higher led by  XLK +1.01%  and  XLC +0.66%    Lower =  5        
  8            closing above 30d. SMA  and 3   closing below.  
                     
XLK leaders     :    ADBE, TER, CRM, AAPL               
XLC leaders     :    NFLX, FB, EA, ATVI                
XLRE leaders     :    WELL, VTR, PEAK, CCI               
                     
Uptrend XLK, XLC, XLRE, XLV, XLP, XLE, XLI, XLF, XLB                
Sideways XLU, XLY                  
Downtrend                    
                     
                     
Breath:                     
NYSE Weakened  as  Decliners led  1531   to   1818 and  Nasdaq   Weakened  as  Decliners led 2045   to   2309     
                     
                     
NDX Leaders:                      
67 closing higher  and  35 closing Lower               
ADBE : +2.90% ;  MELI : +2.86% ;  AAPL : +2.46%           
                     
DJIA Leaders:                      
10 closing higher  and  20 closing Lower               
CRM : +2.48% ;  AAPL : +2.46% ;  MSFT : +0.78%           
                     
SP500 Leaders:                      
182 closing higher  and  317 closing Lower               
RMD : +6.00% ;  MKTX : +3.14% ;  ADBE : +2.90%           
                     
NASDAQ 100                    
                     
Nasdaq Above 30MA    =  82                  
ADBE, MELI, AAPL, BIIB, NFLX, DXCM, QCOM, ASML, DOCU, FB, AMAT, KLAC, SWKS, EA, IDXX, SNPS, CDNS, PYPL, TSLA, LRCX, NXPI, SPLK, CSGP, AMZN, AVGO, NVDA, ADSK, MCHP, ATVI, INTU, ISRG, WDAY, NTES, TXN, MSFT, GOOGL, CMCSA, CPRT, ANSS, REGN, PEP, INTC, CHTR, GOOG, COST, ADI, BMRN, MXIM, EXC, CDW, AMD, MAR, CHKP, CTXS, TTWO, SIRI, CTAS, BKNG, MDLZ, ALXN, TMUS, WDC, SBUX, MNST, XLNX, ZM, SGEN, LULU, ILMN, ADP, LBTYK, LBTYA, NTAP, PAYX, ULTA, FOXA, CERN, GILD, ALGN, CSCO, WBA, EBAY
                     
Stocks to watch on  Tuesday                  
                     
 Nasdaq100  xsing above30   = 6                 
  NFLX, TSLA, ADSK, WDAY, CDW, BKNG                 
                     
 Nasdaq100  xsing below30  = 3                 
  VRSN, FOX, EXPE                  
                     
                     
MACD Crossover:                   
Up   5                  
NFLX, AVGO, CMCSA, TTWO, CTAS                  
                     
Down   3                  
INCY, BKNG, ULTA                   
                     
                     

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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)       ...