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                    
                    
                    

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