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                    

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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)       ...