Wednesday, June 16, 2021

 
SPY Market Forecast 94.56 Short-term bearish pointing down in the upper zone          
   0.49   PCALL - 10 day SMA (0.75 - 1.00)            
   160.64   SKEW (120 - 135)              
                   
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA              
  6-months UP                
  10-days SIDEWAYS                
  3-days DOWN                
                   
Indices                   
UP:                      
Down:     IWM -0.21% ; QQQ -0.37% ; SPY -0.56% ; DIA -0.77%       
                   
  TLT -0.09% at 140.93              
  VIX +6.64% at 18.15              
                   
SPY   : BF setup    above 30ds SMA            
QQQ   : BF setup    above 30ds SMA            
DIA   : Channel HBO Setup   below 30ds SMA            
IWM   : Channel BF Setup    above 30ds SMA            
                   
                   
Sectors                   
  1 sectors closed higher led by  XLY +0.05%  and  XLF -0.11%    Lower =  10      
  6            closing above 30d. SMA  and 5   closing below.
                   
XLY leaders     :    NCLH, LB, CCL, RCL              
XLF leaders     :    SIVB, CMA, SCHW, STT             
XLV leaders     :    CNC, COO, MRK, HUM             
                   
Uptrend XLF, XLV, XLE, XLK, XLC, XLRE, XLI, XLB, XLP              
Sideways XLY, XLU                
Downtrend                  
                   
                   
Breath:                   
NYSE Weakened  as  Decliners led  1265   to   2035 and  Nasdaq   Weakened  as  Decliners led 1926   to   2371   
                   
                   
NDX Leaders:                    
20 closing higher  and  83 closing Lower             
SPLK : +1.61% ;  MELI : +1.60% ;  DOCU : +1.03%         
                   
DJIA Leaders:                    
4 closing higher  and  26 closing Lower             
MRK : +1.20% ;  JPM : +0.70% ;  AAPL : +0.39%         
                   
SP500 Leaders:                    
100 closing higher  and  403 closing Lower             
OXY : +4.59% ;  CNC : +3.74% ;  SIVB : +3.06%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  70                
SPLK, MELI, DOCU, AMZN, ZM, BMRN, LULU, CDW, INCY, AAPL, CSGP, IDXX, EBAY, NVDA, CPRT, ALGN, FOXA, ISRG, BKNG, CHKP, ULTA, GOOG, CTAS, INTU, DXCM, CMCSA, MSFT, ASML, SWKS, AMD, QCOM, TXN, PAYX, TMUS, GOOGL, CSCO, LBTYK, MAR, XLNX, LBTYA, WDAY, LRCX, REGN, ALXN, ADP, NTAP, ADBE, ADI, CDNS, PEP, ANSS, MCHP, SNPS, MXIM, SIRI, AVGO, PYPL, CERN, AMAT, BIIB, SGEN, INTC, NXPI, ILMN, KLAC, EA, FB, CTXS, EXC, WDC
                   
Stocks to watch on  Thursday                
                   
 Nasdaq100  xsing above30   = 1               
  INCY                 
                   
 Nasdaq100  xsing below30  = 8               
  CHTR, VRSN, GILD, COST, MDLZ, ATVI, MU, TTWO             
                   
                   
MACD Crossover:                 
Up   1                
ROST                   
                   
Down   13                
NVDA, INTU, SBUX, GOOGL, VRSN, ADP, ADI, PEP, SIRI, AVGO, CERN, EA, WBA            
                   
 

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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)       ...