Friday, July 23, 2021

 SPY Market Forecast 77.63 Short-term bullish pointing up in the middle zone             
   0.63   PCALL - 10 day SMA (0.75 - 1.00)             
   152.63   SKEW (120 - 135)               
                    
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA               
  6-months UP                 
  10-days UP                 
  3-days UP                 
                    
Indices                    
UP:     QQQ +1.17% ; SPY +1.03% ; DIA +0.66% ; IWM +0.47%        
Down:                       
                    
  TLT -0.67% at 148.5               
  VIX -2.77% at 17.2               
                    
SPY   : New Highs    above 30ds SMA             
QQQ   : New Highs    above 30ds SMA             
DIA   : HBO Setup    above 30ds SMA             
IWM   : Channel    below 30ds SMA             
                    
                    
Sectors                    
  10 sectors closed higher led by  XLC +2.48%  and  XLU +1.28%    Lower =  1       
  8            closing above 30d. SMA  and 3   closing below.
                    
XLC leaders     :    FB, GOOGL, IPG, GOOG              
XLU leaders     :    ETR, ATO, LNT, AWK              
XLP leaders     :    MNST, CLX, EL, CL               
                    
Uptrend XLC, XLV, XLK, XLRE, XLY                 
Sideways XLU, XLP, XLB, XLI, XLF, XLE                 
Downtrend                   
                    
                    
Breath:                    
NYSE Strengthened  as  Advancers led  2049   to   1247 and  Nasdaq   Strengthened  as  Advancers led 2174   to   2147    
                    
                    
NDX Leaders:                     
87 closing higher  and  15 closing Lower              
FB : +5.30% ;  GOOGL : +3.58% ;  GOOG : +3.37%          
                    
DJIA Leaders:                     
24 closing higher  and  6 closing Lower              
V : +2.00% ;  HD : +1.89% ;  MCD : +1.80%          
                    
SP500 Leaders:                     
410 closing higher  and  90 closing Lower              
FLIR : N/A ;  RHI : +7.36% ;  FB : +5.30%          
                    
NASDAQ 100                   
                    
Nasdaq Above 30MA    =  65                 
FB, GOOGL, GOOG, MNST, SBUX, ASML, VRTX, DXCM, EBAY, KLAC, ANSS, CDW, ORLY, EA, CDNS, ILMN, LULU, CTSH, QCOM, ALGN, MDLZ, PYPL, FISV, IDXX, XEL, AVGO, MELI, COST, ADP, INTU, FAST, ADSK, PEP, CSCO, MSFT, SNPS, AMGN, AAPL, PAYX, EXC, CTAS, WDAY, AMD, XLNX, CMCSA, CHTR, AMAT, CSGP, SWKS, CPRT, DLTR, CHKP, LRCX, VRSK, GILD, AMZN, SPLK, CSX, ROST, ULTA, ADBE, ISRG, DOCU, ALXN, REGN
                    
Stocks to watch on  Saturday                 
                    
 Nasdaq100  xsing above30   = 7                
  VRTX, EA, CTSH, XEL, DLTR, ROST, ALXN                
                    
 Nasdaq100  xsing below30  = 4                
  TSLA, VRSN, JD, NTES                 
                    
                    
MACD Crossover:                  
Up   24                 
FB, GOOGL, VRTX, ANSS, CDW, EA, ILMN, CTSH, QCOM, ALGN, PYPL, SGEN, IDXX, XEL, AVGO, MSFT, MXIM, CTAS, XLNX, CMCSA, FOX, MCHP, SPLK, ULTA     
                    
Down   3                 
JD, INTC, NTES                   
                    

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SPY touched all times high once again and reversed at close

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