Monday, July 19, 2021

 SPY Market Forecast 77.17 Short-term bearish pointing down in the middle zone            
   0.64   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 DOWN                  
  3-days DOWN                  
                     
Indices                     
UP:                        
Down:     QQQ -0.82% ; IWM -1.50% ; SPY -1.48% ; DIA -1.98%         
                     
  TLT +2.19% at 151.46                
  VIX +21.95% at 22.5                
                     
SPY   : Entering a Channel   Crossing below 30ds SMA             
QQQ   : NATH     above 30ds SMA              
DIA   : Channel crossing below 30ds SMA   above 30ds SMA              
IWM   : Channel below 30ds SMA at support   below 30ds SMA              
                     
                     
Sectors                     
  0 sectors closed higher led by  XLP -0.30%  and  XLV -1.05%    Lower =  11        
  5            closing above 30d. SMA  and 6   closing below.  
                     
XLP leaders     :    KR, CAG, GIS, COST                
XLV leaders     :    CTLT, DGX, HOLX, ABT               
XLY leaders     :    ETSY, DG, DHI, EBAY               
                     
Uptrend XLV, XLY, XLK, XLC, XLRE                  
Sideways XLP, XLU, XLI, XLB, XLF, XLE                  
Downtrend                    
                     
                     
Breath:                     
NYSE Weakened  as  Decliners led  517   to   2880 and  Nasdaq   Weakened  as  Decliners led 1273   to   3181     
                     
                     
NDX Leaders:                      
23 closing higher  and  80 closing Lower               
NVDA : +3.41% ;  DOCU : +2.63% ;  COST : +0.92%           
                     
DJIA Leaders:                      
0 closing higher  and  30 closing Lower               
PG : -0.05% ;  WMT : -0.23% ;  CRM : -0.37%           
                     
SP500 Leaders:                      
55 closing higher  and  448 closing Lower               
FLIR : N/A ;  KR : +4.34% ;  NVDA : +3.41%           
                     
NASDAQ 100                    
                     
Nasdaq Above 30MA    =  47                  
DOCU, COST, ILMN, AMD, EBAY, NFLX, LULU, REGN, TSLA, IDXX, CHTR, NTES, PYPL, CDNS, PEP, FAST, SPLK, CPRT, MDLZ, AMGN, SWKS, VRSN, INTU, GILD, QCOM, ADBE, AMZN, SNPS, MNST, MELI, CHKP, ORLY, CDW, XEL, MSFT, VRSK, VRTX, ANSS, GOOGL, ISRG, ADP, GOOG, CTAS, PAYX, AAPL, SBUX, DXCM
                     
Stocks to watch on  Tuesday                  
                     
 Nasdaq100  xsing above30   = 1                 
  AMD                   
                     
 Nasdaq100  xsing below30  = 8                 
  CSCO, EA, EXC, CSGP, CMCSA, TMUS, ALGN, FISV               
                     
                     
MACD Crossover:                   
Up   0                  
                     
                     
Down   12                  
CPRT, ORLY, CSCO, JD, GOOGL, ADP, GOOG, PAYX, CTSH, AAPL, SBUX, TMUS               
                     

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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)       ...