Thursday, July 08, 2021

 
SPY Market Forecast 94.2 Short-term bearish pointing down in the upper zone           
   0.54   PCALL - 10 day SMA (0.75 - 1.00)             
   152.82   SKEW (120 - 135)               
                    
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA               
  6-months UP                 
  10-days UP                 
  3-days UP                 
                    
Indices                    
UP:                       
Down:     QQQ -0.60% ; DIA -0.73% ; SPY -0.81% ; IWM -0.92%        
                    
  TLT +0.39% at 148.62               
  VIX +17.28% at 19               
                    
SPY   : Bull Flag    above 30ds SMA             
QQQ   : Bull Flag    above 30ds SMA             
DIA   : Bull Flag    above 30ds SMA             
IWM   : Channel below 30ds SMA    below 30ds SMA             
                    
                    
Sectors                    
  0 sectors closed higher led by  XLRE -0.09%  and  XLY -0.25%    Lower =  11       
  5            closing above 30d. SMA  and 6   closing below.
                    
XLRE leaders     :    EQR, MAA, AVB, WY              
XLY leaders     :    ETSY, TSLA, PENN, AMZN              
XLU leaders     :    CNP, WEC, D, DTE               
                    
Uptrend XLRE, XLY, XLV, XLK, XLC, XLI                 
Sideways XLU, XLP, XLE, XLB, XLF                 
Downtrend                   
                    
                    
Breath:                    
NYSE Weakened  as  Decliners led  809   to   2505 and  Nasdaq   Weakened  as  Decliners led 1437   to   2870    
                    
                    
NDX Leaders:                     
13 closing higher  and  88 closing Lower              
BIIB : +3.86% ;  TSLA : +1.27% ;  AMZN : +0.94%          
                    
DJIA Leaders:                     
4 closing higher  and  25 closing Lower              
BA : +2.15% ;  IBM : +0.66% ;  AMGN : +0.44%          
                    
SP500 Leaders:                     
65 closing higher  and  435 closing Lower              
FLIR : N/A ;  BIIB : +3.86% ;  BLL : +2.98%          
                    
NASDAQ 100                   
                    
Nasdaq Above 30MA    =  58                 
BIIB, TSLA, AMZN, CHKP, ALGN, COST, AMGN, PAYX, AVGO, CHTR, CMCSA, PEP, ADBE, INTU, DOCU, BMRN, DXCM, ILMN, ANSS, ISRG, SNPS, VRSN, ALXN, VRSK, ADSK, CERN, ORLY, WDAY, GOOG, PYPL, CTAS, ADP, TMUS, IDXX, AMD, MSFT, MELI, AAPL, NFLX, GILD, SBUX, SWKS, NTAP, CDW, GOOGL, LULU, QCOM, CDNS, FAST, CPRT, FB, REGN, ROST, SPLK, ZM, EBAY, NVDA, XLNX
                    
Stocks to watch on  Friday                 
                    
 Nasdaq100  xsing above30   = 1                
  CHKP                  
                    
 Nasdaq100  xsing below30  = 7                
  CTXS, TXN, CSGP, ULTA, SIRI, ASML, CSX                
                    
                    
MACD Crossover:                  
Up   2                 
CHKP, DXCM                   
                    
Down   15                 
SNPS, TXN, CTSH, AMD, GILD, QCOM, ATVI, CDNS, FB, SIRI, EA, EBAY, WDC, NVDA, XLNX             

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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)       ...