Monday, June 28, 2021

 
                      
SPY Market Forecast 89.99 Short-term bullish pointing up in the upper zone               
   0.53   PCALL - 10 day SMA (0.75 - 1.00)               
   162.09   SKEW (120 - 135)                 
                      
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA                 
  6-months UP                   
  10-days UP                   
  3-days UP                   
                      
Indices                      
UP:     QQQ +1.22% ; SPY +0.20% ;               
Down:           DIA -0.48% ; IWM -0.79%          
                      
  TLT +1.03% at 143.47                 
  VIX +0.90% at 15.76                 
                      
SPY   : New high    above 30ds SMA               
QQQ   : New high    above 30ds SMA               
DIA   : Crossing below 30 ds SMA    below 30ds SMA               
IWM   : BF Setup    above 30ds SMA               
                      
                      
Sectors                      
  7 sectors closed higher led by  XLC +1.13%  and  XLK +1.05%    Lower =  3         
  5            closing above 30d. SMA  and 6   closing below.   
                      
XLC leaders     :    VIAC, FB, ATVI, EA                 
XLK leaders     :    ENPH, NVDA, AMAT, ZBRA                
XLU leaders     :    NRG, NEE, ES, AWK                
                      
Uptrend XLC, XLK, XLV, XLRE, XLY, XLI, XLE                  
Sideways XLU, XLP, XLB, XLF                   
Downtrend                     
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led  1390   to   1998 and  Nasdaq   Weakened  as  Decliners led 2095   to   2326      
                      
                      
NDX Leaders:                       
68 closing higher  and  35 closing Lower                
NVDA : +5.01% ;  ZM : +4.40% ;  NTES : +4.21%            
                      
DJIA Leaders:                       
10 closing higher  and  20 closing Lower                
INTC : +2.81% ;  MSFT : +1.40% ;  AAPL : +1.25%            
                      
SP500 Leaders:                       
200 closing higher  and  303 closing Lower                
ETSY : +7.36% ;  NRG : +6.11% ;  NVDA : +5.01%            
                      
NASDAQ 100                     
                      
Nasdaq Above 30MA    =  77                   
NVDA, ZM, FB, AMAT, ATVI, EA, INTC, LRCX, ASML, TSLA, SGEN, XLNX, MCHP, AVGO, SWKS, SPLK, KLAC, MXIM, SNPS, MELI, IDXX, TXN, DOCU, CDNS, ADI, AMD, MU, ANSS, ADSK, ADBE, QCOM, ILMN, PYPL, MSFT, EBAY, AAPL, BIDU, AMZN, PAYX, CTXS, CDW, NFLX, ALGN, NXPI, ORLY, ALXN, COST, ISRG, VRSN, CTAS, CPRT, INTU, AMGN, LULU, NTAP, GOOGL, CHTR, WDAY, FOXA, GOOG, SIRI, TMUS, GILD, ADP, VRSK, BMRN, FOX, SBUX, DXCM, INCY, JD, REGN, ROST, LBTYK, ULTA, LBTYA, BIIB
                      
Stocks to watch on  Tuesday                   
                      
 Nasdaq100  xsing above30   = 7                  
  ATVI, EA, INTC, LRCX, MCHP, AVGO, CTXS                 
                      
 Nasdaq100  xsing below30  = 3                  
  MDLZ, EXPE, CSGP                   
                      
                      
MACD Crossover:                    
Up   15                   
NVDA, ZM, NTES, AMAT, INTC, LRCX, SGEN, MCHP, KLAC, TXN, ADI, PAYX, CTXS, ALXN, CSX              
                      
Down   1                   
EXPE                      
                      
                      

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