Wednesday, June 23, 2021

 
SPY Market Forecast 77.78 Short-term bearish pointing down in the middle zone            
   0.54   PCALL - 10 day SMA (0.75 - 1.00)              
   154.85   SKEW (120 - 135)                
                     
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA                
  6-months UP                  
  10-days SIDEWAYS                  
  3-days DOWN                  
                     
Indices                     
UP:     IWM +0.33% ; QQQ +0.05% ;              
Down:           SPY -0.12% ; DIA -0.20%         
                     
  TLT -0.26% at 143.27                
  VIX -2.04% at 16.32                
                     
SPY   : HBO Setup    above 30ds SMA              
QQQ   : New high    above 30ds SMA              
DIA   : Channel bouncing pause   below 30ds SMA              
IWM   : Channel bouncing continuation   above 30ds SMA              
                     
                     
Sectors                     
  3 sectors closed higher led by  XLY +0.77%  and  XLE +0.28%    Lower =  8        
  6            closing above 30d. SMA  and 5   closing below.  
                     
XLY leaders     :    TSLA, UAA, F, UA                
XLE leaders     :    OXY, COG, DVN, PXD               
XLF leaders     :    ICE, RJF, HBAN, CMA               
                     
Uptrend XLE, XLC, XLK, XLI, XLRE, XLV, XLP, XLB                 
Sideways XLY, XLF, XLU                  
Downtrend                    
                     
                     
Breath:                     
NYSE Strengthened  as  Advancers led  1716   to   1565 and  Nasdaq   Strengthened  as  Advancers led 2467   to   1786     
                     
                     
NDX Leaders:                      
44 closing higher  and  59 closing Lower               
TSLA : +5.27% ;  MELI : +1.84% ;  BMRN : +1.77%           
                     
DJIA Leaders:                      
7 closing higher  and  23 closing Lower               
DIS : +1.05% ;  GS : +0.98% ;  AXP : +0.92%           
                     
SP500 Leaders:                      
200 closing higher  and  299 closing Lower               
TSLA : +5.27% ;  TWTR : +4.25% ;  UAA : +3.74%           
                     
NASDAQ 100                    
                     
Nasdaq Above 30MA    =  66                  
TSLA, MELI, BMRN, ULTA, AMAT, DXCM, NVDA, SWKS, NFLX, ILMN, IDXX, LBTYA, XLNX, EBAY, ZM, PYPL, AVGO, FB, LBTYK, ISRG, CTAS, QCOM, AMD, INTU, ALGN, SNPS, CPRT, ALXN, LULU, INCY, ADI, AMZN, COST, MXIM, MSFT, WDAY, FOXA, GOOGL, PAYX, NTAP, AAPL, JD, VRSN, ADBE, ORLY, GOOG, ANSS, TMUS, ASML, BIIB, CDNS, REGN, ADSK, DOCU, CHTR, SGEN, CDW, SPLK, CSGP, CHKP, CPRT, ADI, CERN, ALXN, ALGN, BIIB
                     
Stocks to watch on  Thursday                  
                     
 Nasdaq100  xsing above30   = 2                 
  LBTYA, LBTYK                  
                     
 Nasdaq100  xsing below30  = 9                 
  SBUX, TXN, ADP, CSCO, SIRI, CERN, CHKP, VRSK, CMCSA               
                     
                     
MACD Crossover:                   
Up   2                  
ULTA, SBUX                    
                     
Down   2                  
REGN, CMCSA                    
                     

No comments:

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)       ...