Thursday, June 24, 2021

 
SPY Market Forecast 80.61 Short-term bullish pointing up in the upper zone              
   0.53   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 UP                  
  3-days UP                  
                     
Indices                     
UP:     IWM +1.41% ; DIA +0.94% ; QQQ +0.62% ; SPY +0.59%         
Down:                        
                     
  TLT +0.16% at 143.5                
  VIX -2.14% at 15.97                
                     
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  XLF +1.25%  and  XLC +0.94%    Lower =  2        
  6            closing above 30d. SMA  and 5   closing below.  
                     
XLF leaders     :    WFC, RE, SPGI, HBAN               
XLC leaders     :    DISCK, DISCA, TWTR, VIAC               
XLE leaders     :    FANG, OXY, DVN, MRO               
                     
Uptrend XLF, XLC, XLE, XLI, XLK, XLV, XLP, XLB, XLRE                
Sideways XLY, XLU                  
Downtrend                    
                     
                     
Breath:                     
NYSE Strengthened  as  Advancers led  2273   to   1046 and  Nasdaq   Strengthened  as  Advancers led 3081   to   1272     
                     
                     
NDX Leaders:                      
87 closing higher  and  16 closing Lower               
TSLA : +3.54% ;  ULTA : +3.13% ;  BIDU : +2.96%           
                     
DJIA Leaders:                      
28 closing higher  and  2 closing Lower               
BA : +2.87% ;  CAT : +2.60% ;  GS : +2.13%           
                     
SP500 Leaders:                      
378 closing higher  and  123 closing Lower               
LLY : +7.31% ;  TSLA : +3.54% ;  VMC : +3.27%           
                     
NASDAQ 100                    
                     
Nasdaq Above 30MA    =  69                  
TSLA, ULTA, BIDU, REGN, AMD, SWKS, JD, NXPI, MXIM, XLNX, ADI, AMAT, ASML, EBAY, ALGN, SIRI, ROST, FOXA, SNPS, QCOM, PYPL, CHTR, LRCX, FOX, KLAC, CDNS, SPLK, BMRN, LBTYA, VRSN, TXN, WDAY, LBTYK, INCY, ADSK, NFLX, VRSK, INTU, PAYX, NVDA, FB, ANSS, AVGO, CDW, ADBE, DOCU, LULU, GOOG, MELI, CTAS, MSFT, ALXN, NTAP, TMUS, SBUX, SGEN, GOOGL, COST, ORLY, ISRG, IDXX, AAPL, CPRT, ILMN, ZM, CSGP, DXCM, AMZN, BIIB
                     
Stocks to watch on  Friday                  
                     
 Nasdaq100  xsing above30   = 10                 
  BIDU, NXPI, SIRI, ROST, LRCX, FOX, KLAC, TXN, VRSK, SBUX               
                     
 Nasdaq100  xsing below30  = 0                 
                     
                     
                     
MACD Crossover:                   
Up   10                  
REGN, NXPI, MU, QCOM, BMRN, LBTYA, CTSH, FB, EXPE, FAST                
                     
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)       ...