Monday, June 21, 2021

 
SPY Market Forecast 78.6 Short-term bearish pointing down in the middle zone           
   0.52   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:     IWM +2.14% ; DIA +1.75% ; SPY +1.43% ; QQQ +0.50%        
Down:                       
                    
  TLT -1.67% at 143.29               
  VIX -13.57% at 17.89               
                    
SPY   : HBO Setup    above 30ds SMA             
QQQ   : BF Setup    above 30ds SMA             
DIA   : Channel bouncing   below 30ds SMA             
IWM   : Channel bouncing Setup    above 30ds SMA             
                    
                    
Sectors                    
  11 sectors closed higher led by  XLE +4.26%  and  XLF +2.33%    Lower =  0       
  6            closing above 30d. SMA  and 5   closing below.
                    
XLE leaders     :    APA, HES, EOG, MRO              
XLF leaders     :    ZION, UNM, AXP, SIVB              
XLI leaders     :    SNA, URI, TT, TXT               
                    
Uptrend XLE, XLF, XLI, XLB, XLRE, XLV, XLP, XLK, XLC               
Sideways XLU, XLY                 
Downtrend                   
                    
                    
Breath:                    
NYSE Strengthened  as  Advancers led  2465   to   851 and  Nasdaq   Strengthened  as  Advancers led 2534   to   1793    
                    
                    
NDX Leaders:                     
81 closing higher  and  22 closing Lower              
ROST : +3.60% ;  EXPE : +3.06% ;  MAR : +2.92%          
                    
DJIA Leaders:                     
30 closing higher  and  0 closing Lower              
AXP : +4.25% ;  BA : +3.34% ;  CVX : +2.93%          
                    
SP500 Leaders:                     
481 closing higher  and  22 closing Lower              
APA : +7.31% ;  HES : +7.17% ;  EOG : +7.16%          
                    
NASDAQ 100                   
                    
Nasdaq Above 30MA    =  64                 
MAR, CPRT, CSGP, CDW, ULTA, CTAS, VRSK, SWKS, ADSK, ADP, ORLY, EBAY, ISRG, TXN, ALGN, ANSS, NTAP, PAYX, COST, ASML, GOOGL, AAPL, JD, AMAT, LULU, CHTR, SGEN, CDNS, MSFT, ADI, INCY, DXCM, ILMN, CMCSA, INTU, IDXX, CERN, FB, QCOM, GOOG, VRSN, TMUS, MXIM, MELI, CHKP, SIRI, ADBE, AVGO, WDAY, ALXN, PYPL, TSLA, SNPS, REGN, NFLX, AMZN, NVDA, ZM, BMRN, DOCU, BIIB, AMD, SPLK, XLNX
                    
Stocks to watch on  Tuesday                 
                    
 Nasdaq100  xsing above30   = 14                
  MAR, CDW, ULTA, VRSK, SWKS, ADSK, ADP, ORLY, TXN, NTAP, COST, JD, AMAT, CHTR           
                    
 Nasdaq100  xsing below30  = 1                
  FOXA                  
                    
                    
MACD Crossover:                  
Up   4                 
ROST, ADSK, COST, CMCSA                 
                    
Down   2                 
CTXS, BMRN                   
                    

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