Wednesday, July 14, 2021

 SPY Market Forecast 92.23 Short-term bearish pointing down in the upper zone            
   0.57   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 UP                  
  3-days SIDEWAYS                  
                     
Indices                     
UP:     QQQ +0.18% ; SPY +0.15% ; DIA +0.12% ;           
Down:              IWM -1.54%         
                     
  TLT +1.14% at 146.87                
  VIX -4.61% at 16.33                
                     
SPY   : NATH     above 30ds SMA              
QQQ   : NATH     above 30ds SMA              
DIA   : HBO Setup    above 30ds SMA              
IWM   : Channel below 30ds SMA at support   below 30ds SMA              
                     
                     
Sectors                     
  4 sectors closed higher led by  XLP +0.89%  and  XLRE +0.88%    Lower =  7        
  7            closing above 30d. SMA  and 4   closing below.  
                     
XLP leaders     :    KO, PM, EL, MO                
XLRE leaders     :    KIM, EQR, MAA, ESS               
XLU leaders     :    WEC, ES, EVRG, PNW               
                     
Uptrend XLRE, XLK, XLC, XLV, XLY                  
Sideways XLP, XLU, XLI, XLB, XLF, XLE                  
Downtrend                    
                     
                     
Breath:                     
NYSE Weakened  as  Decliners led  1395   to   1891 and  Nasdaq   Weakened  as  Decliners led 1396   to   3000     
                     
                     
NDX Leaders:                      
50 closing higher  and  53 closing Lower               
AAPL : +2.41% ;  CTXS : +1.94% ;  QCOM : +1.82%           
                     
DJIA Leaders:                      
15 closing higher  and  15 closing Lower               
AAPL : +2.41% ;  KO : +2.25% ;  HON : +1.65%           
                     
SP500 Leaders:                      
246 closing higher  and  255 closing Lower               
FLIR : N/A ;  WFC : +3.98% ;  PRGO : +3.11%           
                     
NASDAQ 100                    
                     
Nasdaq Above 30MA    =  64                  
AAPL, QCOM, ROST, LULU, CSCO, ASML, NFLX, CDW, MNST, SWKS, PEP, VRSN, ORLY, CPRT, ULTA, CHKP, GOOG, CDNS, TMUS, XEL, COST, GOOGL, REGN, MDLZ, VRSK, ADBE, PAYX, NTES, MSFT, SNPS, ALXN, ADP, ANSS, ADSK, SBUX, FAST, AMZN, TXN, AMGN, CMCSA, EA, GILD, ISRG, CERN, PYPL, NXPI, INTU, FISV, IDXX, AVGO, CTAS, XLNX, EBAY, ALGN, FB, DXCM, AMD, JD, SPLK, NVDA, TSLA, MELI, DOCU, ILMN
                     
Stocks to watch on  Thursday                  
                     
 Nasdaq100  xsing above30   = 3                 
  CSCO, MNST, XEL                  
                     
 Nasdaq100  xsing below30  = 4                 
  INTC, ADI, CHTR, ZM                  
                     
                     
MACD Crossover:                   
Up   3                  
QCOM, NFLX, TMUS                   
                     
Down   4                  
AMGN, ISRG, KHC, EXPE                   
                     
                     

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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)       ...