Tuesday, July 06, 2021

SPY paused with an end of the day recovery. QQQ New all times high. IWM closed below 30ds SMA.

 
SPY Market Forecast 96.98 Short-term bullish pointing up in the upper zone              
   0.52   PCALL - 10 day SMA (0.75 - 1.00)              
   153.75   SKEW (120 - 135)                
                     
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA                
  6-months UP                  
  10-days UP                  
  3-days UP                  
                     
Indices                     
UP:     QQQ +0.43% ;                 
Down:        SPY -0.18% ; DIA -0.61% ; IWM -1.45%         
                     
  TLT +1.17% at 146.74                
  VIX +9.09% at 16.44                
                     
SPY   : Bull Flag    above 30ds SMA              
QQQ   : New High    above 30ds SMA              
DIA   : Bull Flag    above 30ds SMA              
IWM   : Crossing below 30ds SMA    below 30ds SMA              
                     
                     
Sectors                     
  4 sectors closed higher led by  XLRE +0.89%  and  XLU +0.42%    Lower =  7        
  5            closing above 30d. SMA  and 6   closing below.  
                     
XLRE leaders     :    EXR, EQIX, MAA, PSA               
XLU leaders     :    AWK, D, NEE, AEE                
XLK leaders     :    ANET, NLOK, MPWR, ORCL               
                     
Uptrend XLRE, XLK, XLY, XLV, XLC                  
Sideways XLU, XLP, XLI, XLB, XLF, XLE                  
Downtrend                    
                     
                     
Breath:                     
NYSE Weakened  as  Decliners led  1177   to   2150 and  Nasdaq   Weakened  as  Decliners led 1407   to   3035     
                     
                     
NDX Leaders:                      
37 closing higher  and  66 closing Lower               
AMZN : +4.69% ;  DOCU : +3.36% ;  ZM : +3.14%           
                     
DJIA Leaders:                      
8 closing higher  and  22 closing Lower               
AAPL : +1.47% ;  CRM : +0.83% ;  AXP : +0.63%           
                     
SP500 Leaders:                      
147 closing higher  and  356 closing Lower               
FLIR : N/A ;  AMZN : +4.69% ;  ABMD : +3.06%           
                     
NASDAQ 100                    
                     
Nasdaq Above 30MA    =  63                  
AMZN, DOCU, ZM, DXCM, IDXX, AAPL, NFLX, AVGO, ISRG, NVDA, CPRT, PYPL, GOOG, LULU, GOOGL, INTU, SBUX, ADBE, ANSS, CDNS, SPLK, TMUS, ROST, PEP, MELI, CERN, WDAY, VRSK, VRSN, SNPS, ILMN, ULTA, MSFT, COST, PAYX, ADP, CTAS, REGN, AMD, ASML, FAST, XLNX, ORLY, CHTR, SWKS, CDW, TXN, FB, ADSK, ALXN, QCOM, BMRN, BIIB, GILD, CMCSA, NTAP, SIRI, ADI, MXIM, EBAY, AMGN, TSLA, ALGN
                     
Stocks to watch on  Wednesday                  
                     
 Nasdaq100  xsing above30   = 0                 
                     
                     
 Nasdaq100  xsing below30  = 10                 
  EA, NXPI, CSX, AMAT, CSCO, CTXS, SGEN, NTES, BIDU, JD               
                     
                     
MACD Crossover:                   
Up   6                  
AMZN, ZM, GOOG, INTU, CERN, BKNG                  
                     
Down   10                  
MELI, NXPI, AMAT, NTAP, ADI, MXIM, KHC, ALGN, BIDU, JD                

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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)       ...