Friday, June 11, 2021

 
SPY Market Forecast 91.95 Short-term bullish pointing up in the upper zone             
   0.47   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 SIDEWAYS                 
  3-days SIDEWAYS                 
                    
Indices                    
UP:     QQQ +1.04% ; SPY +0.46% ; DIA +0.06% ;          
Down:              IWM -0.74%        
                    
  TLT +0.60% at 142.54               
  VIX -10.01% at 16.1               
                    
SPY   : Channel HBO Setup    above 30ds SMA             
QQQ   : Channel BF Setup    above 30ds SMA             
DIA   : Channel HBO Setup    above 30ds SMA             
IWM   : Channel HBO Setup    above 30ds SMA             
                    
                    
Sectors                    
  7 sectors closed higher led by  XLV +1.71%  and  XLRE +1.02%    Lower =  4       
  7            closing above 30d. SMA  and 4   closing below.
                    
XLV leaders     :    ALGN, RMD, ILMN, PRGO              
XLRE leaders     :    PLD, DLR, AVB, EQR              
XLK leaders     :    NOW, ENPH, ADBE, FFIV              
                    
Uptrend XLRE, XLK, XLP, XLC, XLE, XLI, XLB, XLF                
Sideways XLV, XLU, XLY                 
Downtrend                   
                    
                    
Breath:                    
NYSE Strengthened  as  Advancers led  1767   to   1557 and  Nasdaq   Strengthened  as  Advancers led 2292   to   2053    
                    
                    
NDX Leaders:                     
85 closing higher  and  18 closing Lower              
ALGN : +4.55% ;  MELI : +4.31% ;  ADBE : +4.05%          
                    
DJIA Leaders:                     
20 closing higher  and  10 closing Lower              
WBA : +3.52% ;  MRK : +2.84% ;  AMGN : +2.14%          
                    
SP500 Leaders:                     
276 closing higher  and  225 closing Lower              
NOW : +5.25% ;  ALGN : +4.55% ;  ADBE : +4.05%          
                    
NASDAQ 100                   
                    
Nasdaq Above 30MA    =  74                 
ALGN, ADBE, ZM, ILMN, SPLK, WBA, ANSS, CDNS, ASML, NTES, IDXX, SNPS, DXCM, XLNX, ISRG, DOCU, PYPL, AMGN, AMZN, AMD, NTAP, BMRN, REGN, BIIB, CSCO, AMAT, NXPI, SGEN, KLAC, ALXN, INCY, LBTYA, VRTX, VRSN, MSFT, LBTYK, CERN, GOOG, ATVI, EBAY, PAYX, GOOGL, MCHP, LRCX, PEP, AVGO, CSGP, QCOM, ADP, GILD, TXN, COST, LULU, EXC, TTWO, FB, INTC, INTU, CMCSA, MXIM, ADI, MNST, MDLZ, CTXS, CHKP, BKNG, NVDA, MAR, EA, ULTA, FOXA, TMUS, WDC, SIRI
                    
Stocks to watch on  Friday                 
                    
 Nasdaq100  xsing above30   = 15                
  SPLK, WBA, ANSS, CDNS, NTES, AMGN, NXPI, VRSN, PEP, QCOM, COST, CMCSA, MNST, CTXS, BKNG         
                    
 Nasdaq100  xsing below30  = 3                
  EXPE, AAPL, PCAR                 
                    
                    
MACD Crossover:                  
Up   4                 
ALGN, ANSS, ALXN, FOX                  
                    
Down   1                 
ULTA                    
                    

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SPY touched all times high once again and reversed at close

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