Tuesday, June 29, 2021

SPY & QQQ all times new high. DIA fighting to stay above 30ds SMA. XLK & XLY led sectors.

 
SPY Market Forecast 95.57 Short-term bullish pointing up in the upper zone             
   0.53   PCALL - 10 day SMA (0.75 - 1.00)             
   163.84   SKEW (120 - 135)               
                    
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA               
  6-months UP                 
  10-days UP                 
  3-days UP                 
                    
Indices                    
UP:     QQQ +0.36% ; SPY +0.05% ; DIA +0.02% ;          
Down:              IWM -0.48%        
                    
  TLT +0.17% at 143.71               
  VIX +1.65% at 16.02               
                    
SPY   : New high    above 30ds SMA             
QQQ   : New high    above 30ds SMA             
DIA   : Crossing below 30 ds SMA    below 30ds SMA             
IWM   : 2nd day BF Setup    above 30ds SMA             
                    
                    
Sectors                    
  3 sectors closed higher led by  XLK +0.73%  and  XLY +0.25%    Lower =  8       
  5            closing above 30d. SMA  and 6   closing below.
                    
XLK leaders     :    SWKS, QRVO, XLNX, AMD              
XLY leaders     :    EBAY, NKE, APTV, ETSY              
XLV leaders     :    LH, HOLX, BIIB, CRL               
                    
Uptrend XLK, XLY, XLV, XLRE, XLC                 
Sideways XLB, XLI, XLF, XLP, XLE, XLU                 
Downtrend                   
                    
                    
Breath:                    
NYSE Weakened  as  Decliners led  1498   to   1780 and  Nasdaq   Weakened  as  Decliners led 1712   to   2614    
                    
                    
NDX Leaders:                     
62 closing higher  and  41 closing Lower              
SWKS : +4.52% ;  JD : +3.41% ;  XLNX : +3.11%          
                    
DJIA Leaders:                     
12 closing higher  and  18 closing Lower              
NKE : +2.36% ;  HD : +1.26% ;  AAPL : +1.15%          
                    
SP500 Leaders:                     
222 closing higher  and  278 closing Lower              
SWKS : +4.52% ;  QRVO : +4.45% ;  MS : +3.35%          
                    
NASDAQ 100                   
                    
Nasdaq Above 30MA    =  77                 
SWKS, JD, XLNX, NTES, AMD, EBAY, QCOM, BIIB, ZM, ADSK, CDW, WDAY, BIDU, AAPL, MSFT, ANSS, AVGO, KLAC, CDNS, ISRG, INTU, IDXX, LULU, SNPS, CMCSA, EA, MELI, CTAS, LRCX, NXPI, TXN, NTAP, AMAT, SIRI, ORLY, REGN, PAYX, COST, ADP, ADI, VRSN, CTXS, MXIM, GILD, ADBE, MCHP, ROST, ATVI, NVDA, VRSK, ULTA, AMZN, DOCU, NFLX, ALXN, SBUX, TMUS, ASML, DXCM, AMGN, SPLK, GOOGL, CPRT, PYPL, ILMN, MU, CHTR, GOOG, FB, INCY, BMRN, TSLA, INTC, ALGN, SGEN, LBTYK, LBTYA
                    
Stocks to watch on  Wednesday                 
                    
 Nasdaq100  xsing above30   = 2                
  NTES, CMCSA                 
                    
 Nasdaq100  xsing below30  = 2                
  FOX, FOXA                 
                    
                    
MACD Crossover:                  
Up   7                 
AVGO, EA, NTAP, MXIM, GILD, ATVI, TTWO                 
                    
Down   4                 
DXCM, FOX, FOXA, CSX                  
                    

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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)       ...