Tuesday, June 08, 2021

 
SPY Market Forecast 90.98 Short-term bullish pointing up in the upper zone                  
   0.49   PCALL - 10 day SMA (0.75 - 1.00)                  
   150.7   SKEW (120 - 135)                    
                         
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA                    
  6-months UP                      
  10-days UP                      
  3-days UP                      
                         
Indices                         
UP:     IWM +1.06% ; QQQ +0.05% ; SPY +0.02% ;               
Down:              DIA -0.07%             
                         
  TLT +0.70% at 140.45                    
  VIX +3.96% at 17.07                    
                         
SPY   : Channel HBO Setup    above 30ds SMA                  
QQQ   : Channel HBO Setup    above 30ds SMA                  
DIA   : Channel HBO Setup    above 30ds SMA                  
IWM   : Channel HBO Setup    above 30ds SMA                  
                         
                         
Sectors                         
  6 sectors closed higher led by  XLE +0.86%  and  XLY +0.81%    Lower =  5            
  8            closing above 30d. SMA  and 3   closing below.      
                         
XLE leaders     :    FANG, XOM, HES, MPC                   
XLY leaders     :    GPS, ULTA, DRI, AAP                   
XLRE leaders     :    EQIX, IRM, CBRE, FRT                   
                         
Uptrend XLE, XLRE, XLI, XLB, XLK, XLF, XLC, XLP                     
Sideways XLY, XLV, XLU                      
Downtrend                        
                         
                         
Breath:                         
NYSE Strengthened  as  Advancers led  2115   to   1190 and  Nasdaq   Strengthened  as  Advancers led 2643   to   1625         
                         
                         
NDX Leaders:                          
53 closing higher  and  50 closing Lower                   
SIRI : +7.42% ;  ULTA : +2.56% ;  MAR : +2.27%               
                         
DJIA Leaders:                          
13 closing higher  and  17 closing Lower                   
CVX : +0.91% ;  IBM : +0.71% ;  HON : +0.71%               
                         
SP500 Leaders:                          
289 closing higher  and  212 closing Lower                   
NRG : +4.46% ;  NWS : +3.78% ;  XRX : +3.12%               
                         
NASDAQ 100                        
                         
Nasdaq Above 30MA    =  66                      
SIRI, ULTA, MAR, CSGP, INTU, ALGN, LBTYA, EXPE, TMUS, PAYX, ADP, NTAP, PYPL, LBTYK, SNPS, ILMN, DXCM, GOOG, QCOM, CHKP, DOCU, MXIM, EBAY, FAST, SGEN, CSCO, TTWO, ADI, ALXN, IDXX, GILD, BMRN, PCAR, CPRT, CERN, ADBE, AVGO, BIIB, MNST, EA, INTC, GOOGL, ASML, LULU, XLNX, KHC, EXC, ATVI, INCY, ZM, MSFT, WDC, AMD, NTES, MDLZ, MCHP, TXN, CMCSA, FB, NVDA, PEP, NXPI, KLAC, REGN, LRCX, AMAT
                         
Stocks to watch on  Wednesday                      
                         
 Nasdaq100  xsing above30   = 8                     
  MAR, CSGP, ALGN, LBTYA, EXPE, LBTYK, QCOM, FAST                   
                         
 Nasdaq100  xsing below30  = 4                     
  COST, WBA, JD, MU                      
                         
                         
MACD Crossover:                       
Up   7                      
CSGP, AMZN, SPLK, LBTYK, DLTR, GILD, WDAY                     
                         
Down   5                      
NFLX, WDC, MCHP, TXN, CMCSA                      
                         
                         

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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)       ...