Friday, July 23, 2021

 SPY Market Forecast 77.63 Short-term bullish pointing up in the middle zone             
   0.63   PCALL - 10 day SMA (0.75 - 1.00)             
   152.63   SKEW (120 - 135)               
                    
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA               
  6-months UP                 
  10-days UP                 
  3-days UP                 
                    
Indices                    
UP:     QQQ +1.17% ; SPY +1.03% ; DIA +0.66% ; IWM +0.47%        
Down:                       
                    
  TLT -0.67% at 148.5               
  VIX -2.77% at 17.2               
                    
SPY   : New Highs    above 30ds SMA             
QQQ   : New Highs    above 30ds SMA             
DIA   : HBO Setup    above 30ds SMA             
IWM   : Channel    below 30ds SMA             
                    
                    
Sectors                    
  10 sectors closed higher led by  XLC +2.48%  and  XLU +1.28%    Lower =  1       
  8            closing above 30d. SMA  and 3   closing below.
                    
XLC leaders     :    FB, GOOGL, IPG, GOOG              
XLU leaders     :    ETR, ATO, LNT, AWK              
XLP leaders     :    MNST, CLX, EL, CL               
                    
Uptrend XLC, XLV, XLK, XLRE, XLY                 
Sideways XLU, XLP, XLB, XLI, XLF, XLE                 
Downtrend                   
                    
                    
Breath:                    
NYSE Strengthened  as  Advancers led  2049   to   1247 and  Nasdaq   Strengthened  as  Advancers led 2174   to   2147    
                    
                    
NDX Leaders:                     
87 closing higher  and  15 closing Lower              
FB : +5.30% ;  GOOGL : +3.58% ;  GOOG : +3.37%          
                    
DJIA Leaders:                     
24 closing higher  and  6 closing Lower              
V : +2.00% ;  HD : +1.89% ;  MCD : +1.80%          
                    
SP500 Leaders:                     
410 closing higher  and  90 closing Lower              
FLIR : N/A ;  RHI : +7.36% ;  FB : +5.30%          
                    
NASDAQ 100                   
                    
Nasdaq Above 30MA    =  65                 
FB, GOOGL, GOOG, MNST, SBUX, ASML, VRTX, DXCM, EBAY, KLAC, ANSS, CDW, ORLY, EA, CDNS, ILMN, LULU, CTSH, QCOM, ALGN, MDLZ, PYPL, FISV, IDXX, XEL, AVGO, MELI, COST, ADP, INTU, FAST, ADSK, PEP, CSCO, MSFT, SNPS, AMGN, AAPL, PAYX, EXC, CTAS, WDAY, AMD, XLNX, CMCSA, CHTR, AMAT, CSGP, SWKS, CPRT, DLTR, CHKP, LRCX, VRSK, GILD, AMZN, SPLK, CSX, ROST, ULTA, ADBE, ISRG, DOCU, ALXN, REGN
                    
Stocks to watch on  Saturday                 
                    
 Nasdaq100  xsing above30   = 7                
  VRTX, EA, CTSH, XEL, DLTR, ROST, ALXN                
                    
 Nasdaq100  xsing below30  = 4                
  TSLA, VRSN, JD, NTES                 
                    
                    
MACD Crossover:                  
Up   24                 
FB, GOOGL, VRTX, ANSS, CDW, EA, ILMN, CTSH, QCOM, ALGN, PYPL, SGEN, IDXX, XEL, AVGO, MSFT, MXIM, CTAS, XLNX, CMCSA, FOX, MCHP, SPLK, ULTA     
                    
Down   3                 
JD, INTC, NTES                   
                    

Wednesday, July 21, 2021

 SPY Market Forecast 71.6 Short-term bearish pointing down in the middle zone            
   0.63   PCALL - 10 day SMA (0.75 - 1.00)              
   155.34   SKEW (120 - 135)                
                     
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA                
  6-months UP                  
  10-days SIDEWAYS                  
  3-days UP                  
                     
Indices                     
UP:     IWM +1.72% ; DIA +0.84% ; SPY +0.81% ; QQQ +0.77%         
Down:                        
                     
  TLT -1.27% at 148.1                
  VIX -9.22% at 17.91                
                     
SPY   : HBO Setup    above 30ds SMA              
QQQ   : HBO Setup    above 30ds SMA              
DIA   : HBO Setup    above 30ds SMA              
IWM   : Channel bounce continuation   below 30ds SMA              
                     
                     
Sectors                     
  8 sectors closed higher led by  XLE +3.49%  and  XLF +1.72%    Lower =  3        
  9            closing above 30d. SMA  and 2   closing below.  
                     
XLE leaders     :    OXY, FANG, APA, COP               
XLF leaders     :    CMA, MS, DFS, LNC               
XLB leaders     :    FCX, MOS, LYB, CF                
                     
Uptrend XLK, XLY, XLC, XLV, XLRE                  
Sideways XLE, XLF, XLB, XLI, XLP, XLU                  
Downtrend                    
                     
                     
Breath:                     
NYSE Strengthened  as  Advancers led  2417   to   871 and  Nasdaq   Strengthened  as  Advancers led 3330   to   1053     
                     
                     
NDX Leaders:                      
72 closing higher  and  30 closing Lower               
ASML : +5.40% ;  LRCX : +4.97% ;  KLAC : +4.66%           
                     
DJIA Leaders:                      
25 closing higher  and  5 closing Lower               
CVX : +3.41% ;  BA : +2.48% ;  GS : +2.40%           
                     
SP500 Leaders:                      
371 closing higher  and  130 closing Lower               
FLIR : N/A ;  CMG : +11.54% ;  IPG : +11.32%           
                     
NASDAQ 100                    
                     
Nasdaq Above 30MA    =  66                  
ASML, LRCX, KLAC, AMAT, MAR, TXN, XLNX, WDAY, AMD, ROST, AVGO, ULTA, JD, ADSK, SWKS, QCOM, SBUX, FB, CMCSA, PYPL, INTU, CHKP, GOOG, FISV, GOOGL, ANSS, PAYX, CSGP, CTAS, MSFT, CDNS, CPRT, ADP, ALGN, ADBE, CDW, CSCO, MELI, DOCU, EBAY, AMZN, SIRI, VRSN, IDXX, FAST, SNPS, LULU, ALXN, CHTR, NTES, DXCM, VRSK, COST, PEP, MNST, EXC, ORLY, AAPL, SPLK, REGN, MDLZ, TSLA, AMGN, ISRG, GILD, ILMN
                     
Stocks to watch on  Thursday                  
                     
 Nasdaq100  xsing above30   = 17                 
  ASML, LRCX, KLAC, AMAT, MAR, TXN, XLNX, WDAY, ROST, AVGO, ULTA, JD, FB, CMCSA, FISV, SIRI, ALXN          
                     
 Nasdaq100  xsing below30  = 2                 
  XEL, NFLX                  
                     
                     
MACD Crossover:                   
Up   9                  
ASML, LRCX, KLAC, TXN, BKNG, LBTYA, WBA, LBTYK, DOCU                
                     
Down   2                  
VRTX, AMGN                    

Tuesday, July 20, 2021

 SPY Market Forecast 73.09 Short-term bearish pointing down in the middle zone           
   0.64   PCALL - 10 day SMA (0.75 - 1.00)             
   154.5   SKEW (120 - 135)               
                    
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA               
  6-months UP                 
  10-days DOWN                 
  3-days DOWN                 
                    
Indices                    
UP:     IWM +3.10% ; DIA +1.53% ; SPY +1.43% ; QQQ +1.16%        
Down:                       
                    
  TLT -0.96% at 150               
  VIX -12.31% at 19.73               
                    
SPY   : Channel bounce   Crossing above 30ds SMA            
QQQ   : Bull Flag Triggered    above 30ds SMA             
DIA   : Channel crossing below 30ds SMA  Crossing above 30ds SMA            
IWM   : Channel bouncing at support   below 30ds SMA             
                    
                    
Sectors                    
  11 sectors closed higher led by  XLI +2.80%  and  XLF +2.48%    Lower =  0       
  7            closing above 30d. SMA  and 4   closing below.
                    
XLI leaders     :    AAL, DOV, UAL, LUV              
XLF leaders     :    ZION, AIG, SIVB, CB              
XLY leaders     :    NCLH, RCL, CCL, PVH              
                    
Uptrend XLY, XLRE, XLK, XLV, XLC                 
Sideways XLI, XLF, XLE, XLB, XLU, XLP                 
Downtrend                   
                    
                    
Breath:                    
NYSE Strengthened  as  Advancers led  2761   to   574 and  Nasdaq   Strengthened  as  Advancers led 3443   to   975    
                    
                    
NDX Leaders:                     
94 closing higher  and  9 closing Lower              
DOCU : +4.07% ;  MCHP : +3.83% ;  ILMN : +3.73%          
                    
DJIA Leaders:                     
26 closing higher  and  4 closing Lower              
BA : +4.91% ;  HON : +4.08% ;  AXP : +3.72%          
                    
SP500 Leaders:                     
449 closing higher  and  52 closing Lower              
FLIR : N/A ;  HCA : +14.37% ;  AAL : +8.38%          
                    
NASDAQ 100                   
                    
Nasdaq Above 30MA    =  52                 
AAPL, ADBE, ADP, ADSK, ALGN, ALXN, AMD, AMGN, AMZN, ANSS, CDNS, CDW, CHKP, CHTR, COST, CPRT, CSCO, CSGP, CTAS, DOCU, DXCM, EBAY, EXC, FAST, GILD, GOOG, GOOGL, IDXX, ILMN, INTU, ISRG, LULU, MDLZ, MELI, MNST, MSFT, NFLX, NTES, ORLY, PAYX, PEP, PYPL, QCOM, REGN, SBUX, SNPS, SPLK, SWKS, TSLA, VRSK, VRSN, XEL
                    
Stocks to watch on  Wednesday                 
                    
 Nasdaq100  xsing above30   = 5                
  ALGN, ALXN, CSCO, CSGP, EXC                
                    
 Nasdaq100  xsing below30  = 2                
  JD, VRTX                 
                    
                    
MACD Crossover:                  
Up   4                 
CPRT, CSCO, GILD, ORLY                  
                    
Down   1                 
EA                    
                    
                    

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)       ...