Tuesday, June 22, 2021

 
SPY Market Forecast 77.32 Short-term bearish pointing down in the middle zone            
   0.53   PCALL - 10 day SMA (0.75 - 1.00)              
   158.36   SKEW (120 - 135)                
                     
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA                
  6-months UP                  
  10-days SIDEWAYS                  
  3-days DOWN                  
                     
Indices                     
UP:     QQQ +0.93% ; SPY +0.53% ; IWM +0.45% ; DIA +0.20%         
Down:                        
                     
  TLT +0.24% at 143.64                
  VIX -6.88% at 16.66                
                     
SPY   : HBO Setup    above 30ds SMA              
QQQ   : New high    above 30ds SMA              
DIA   : Channel bouncing continuation  below 30ds SMA              
IWM   : Channel bouncing continuation   above 30ds SMA              
                     
                     
Sectors                     
  9 sectors closed higher led by  XLY +0.94%  and  XLK +0.91%    Lower =  2        
  6            closing above 30d. SMA  and 5   closing below.  
                     
XLY leaders     :    LB, ETSY, TSCO, BBY               
XLK leaders     :    ENPH, NVDA, NOW, XLNX               
XLC leaders     :    TWTR, LYV, NFLX, FB               
                     
Uptrend XLK, XLC, XLE, XLB, XLV, XLF, XLP, XLI, XLRE                
Sideways XLY, XLU                  
Downtrend                    
                     
                     
Breath:                     
NYSE Strengthened  as  Advancers led  1772   to   1506 and  Nasdaq   Strengthened  as  Advancers led 2266   to   2065     
                     
                     
NDX Leaders:                      
66 closing higher  and  36 closing Lower               
SPLK : +11.25% ;  CTAS : +3.23% ;  DOCU : +2.68%           
                     
DJIA Leaders:                      
13 closing higher  and  16 closing Lower               
NKE : +1.85% ;  HD : +1.66% ;  AAPL : +1.27%           
                     
SP500 Leaders:                      
256 closing higher  and  243 closing Lower               
LB : +5.02% ;  ETSY : +4.21% ;  CTAS : +3.23%           
                     
NASDAQ 100                    
                     
Nasdaq Above 30MA    =  66                  
SPLK, CTAS, DOCU, NVDA, NFLX, FB, XLNX, MELI, LULU, CHTR, NTAP, AMZN, ADBE, ZM, CDNS, COST, SNPS, PYPL, AAPL, AMD, ANSS, MSFT, DXCM, ILMN, ADSK, VRSN, JD, ISRG, WDAY, ORLY, QCOM, CDW, IDXX, SBUX, EBAY, ASML, CSGP, SIRI, CMCSA, TXN, BMRN, TSLA, GOOG, FOXA, GOOGL, AMAT, SGEN, ULTA, VRSK, INCY, ADP, CSCO, SWKS, TMUS, PAYX, AVGO, REGN, INTU, MXIM, CHKP, CPRT, ADI, CERN, ALXN, ALGN, BIIB
                     
Stocks to watch on  Wednesday                  
                     
 Nasdaq100  xsing above30   = 3                 
  SBUX, FOXA, CSCO                  
                     
 Nasdaq100  xsing below30  = 1                 
  MAR                   
                     
                     
MACD Crossover:                   
Up   5                  
BIDU, JD, SGEN, INCY, FISV                  
                     
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)       ...