Friday, July 09, 2021

All new times high after Bull Flag triggered. IWM led the bounce +2.11%. All 11 sectors closed higher let by Financials and Energy

 
SPY Market Forecast 94.04 Short-term bearish pointing down in the upper zone              
   0.55   PCALL - 10 day SMA (0.75 - 1.00)                
   155.7   SKEW (120 - 135)                  
                       
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA                  
  6-months UP                    
  10-days UP                    
  3-days UP                    
                       
Indices                       
UP:     IWM +2.11% ; DIA +1.26% ; SPY +1.07% ; QQQ +0.62%           
Down:                          
                       
  TLT -1.41% at 146.53                  
  VIX -14.84% at 16.18                  
                       
SPY   : NH     above 30ds SMA                
QQQ   : HBO     above 30ds SMA                
DIA   : HBO     above 30ds SMA                
IWM   : Channel below 30ds SMA Bounced   below 30ds SMA                
                       
                       
Sectors                       
  11 sectors closed higher led by  XLF +2.89%  and  XLE +2.13%    Lower =  0          
  6            closing above 30d. SMA  and 5   closing below.    
                       
XLF leaders     :    DFS, STT, SIVB, COF                 
XLE leaders     :    NOV, OKE, HAL, BKR                 
XLB leaders     :    FCX, ALB, LYB, NUE                  
                       
Uptrend XLRE, XLY, XLK, XLC, XLV                    
Sideways XLF, XLE, XLB, XLI, XLP, XLU                    
Downtrend                      
                       
                       
Breath:                       
NYSE Strengthened  as  Advancers led  2593   to   718 and  Nasdaq   Strengthened  as  Advancers led 3356   to   1016       
                       
                       
NDX Leaders:                        
85 closing higher  and  18 closing Lower                 
CHKP : +4.65% ;  EXPE : +3.83% ;  JD : +3.77%             
                       
DJIA Leaders:                        
28 closing higher  and  2 closing Lower                 
GS : +3.57% ;  TRV : +3.24% ;  JPM : +3.20%             
                       
SP500 Leaders:                        
458 closing higher  and  44 closing Lower                 
FLIR : N/A ;  DFS : +6.19% ;  NOV : +5.99%             
                       
NASDAQ 100                      
                       
Nasdaq Above 30MA    =  65                    
CHKP, MAR, ASML, ROST, ULTA, QCOM, AVGO, MELI, PYPL, ORLY, SWKS, ALGN, FAST, SIRI, PAYX, CSGP, FB, XLNX, AAPL, AMD, COST, SBUX, WDAY, CPRT, EBAY, NTAP, TXN, IDXX, LULU, NFLX, REGN, ADP, CSCO, CDNS, ILMN, BMRN, GILD, NVDA, SNPS, CDW, TSLA, VRSN, ALXN, ANSS, CTAS, GOOGL, AMGN, ADSK, GOOG, VRSK, MSFT, ISRG, SPLK, CERN, ADBE, ZM, DOCU, PEP, AMZN, CMCSA, INTU, TMUS, CHTR, DXCM, BIIB
                       
Stocks to watch on  Monday                    
                       
 Nasdaq100  xsing above30   = 7                   
  MAR, ASML, ULTA, SIRI, CSGP, TXN, CSCO                  
                       
 Nasdaq100  xsing below30  = 0                   
                       
                       
                       
MACD Crossover:                     
Up   5                    
EXPE, WDC, AVGO, CSGP, KHC                    
                       
Down   2                    
TMUS, DXCM                      
                       
                       
SETUPS                      
BF  : ADBE, AMZN, NVDA, CDNS, CHTR, CPRT, ADI, EBAY, TMUS, ADSK, AMD, CARR, CRM, CRWD, DDOG, FB, GOOGL, HD, ILMN, V, SHOP, QQQ, TLT       
HBO  : PYPL, SBUX, ALGN, SNPS, DOCU, AKAM, CSCO, DG, DIA, TWLO, NTAP                
2T  : CHKP                     
MACD  :                      
CHANNEL  : QCOM, IWM, MCD                    
BEAR  :                      
NH  : COST, ACN, NKE, SPY, TGT, ORCL                   
EPS  : AAPL, MSFT, CTAS, PEP, TXN, AXP, FAST, MS, UNH, TWTR, NFLX                

No comments:

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)       ...