Wednesday, July 07, 2021

 
SPY Market Forecast 97.42 Short-term bullish pointing up in the upper zone               
   0.52   PCALL - 10 day SMA (0.75 - 1.00)               
   152.15   SKEW (120 - 135)                 
                      
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA                 
  6-months UP                   
  10-days UP                   
  3-days UP                   
                      
Indices                      
UP:     SPY +0.35% ; DIA +0.32% ; QQQ +0.21% ;            
Down:              IWM -0.93%          
                      
  TLT +0.89% at 148.04                 
  VIX -1.46% at 16.2                 
                      
SPY   : Bull Flag    above 30ds SMA               
QQQ   : New High    above 30ds SMA               
DIA   : Bull Flag    above 30ds SMA               
IWM   : Crossing below 30ds SMA    below 30ds SMA               
                      
                      
Sectors                      
  8 sectors closed higher led by  XLB +1.04%  and  XLI +1.00%    Lower =  3         
  6            closing above 30d. SMA  and 5   closing below.   
                      
XLB leaders     :    NUE, MLM, VMC, PPG                
XLI leaders     :    ROK, PNR, GWW, LDOS                
XLU leaders     :    AWK, ES, DTE, WEC                
                      
Uptrend XLI, XLV, XLK, XLRE, XLY, XLC                   
Sideways XLB, XLU, XLP, XLF, XLE                   
Downtrend                     
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led  1579   to   1705 and  Nasdaq   Weakened  as  Decliners led 1496   to   2855      
                      
                      
NDX Leaders:                       
56 closing higher  and  47 closing Lower                
BIIB : +3.03% ;  CSGP : +2.69% ;  VRSK : +2.52%            
                      
DJIA Leaders:                       
21 closing higher  and  9 closing Lower                
AAPL : +1.80% ;  MMM : +1.51% ;  HD : +1.32%            
                      
SP500 Leaders:                       
334 closing higher  and  169 closing Lower                
FLIR : N/A ;  ORCL : +3.62% ;  NUE : +3.39%            
                      
NASDAQ 100                     
                      
Nasdaq Above 30MA    =  64                   
BIIB, CSGP, VRSK, FAST, AAPL, CSX, CTAS, CHTR, LULU, CDW, CPRT, DXCM, PYPL, EBAY, ADBE, COST, ALGN, SBUX, PAYX, ADP, INTU, CTXS, IDXX, CMCSA, TMUS, ORLY, CERN, MSFT, NTAP, ISRG, ASML, REGN, VRSN, AMZN, SIRI, PEP, CDNS, DOCU, GOOG, GOOGL, SNPS, ADSK, WDAY, GILD, ALXN, AMGN, ILMN, FB, ANSS, TXN, AVGO, MELI, QCOM, NFLX, SPLK, SWKS, NVDA, ZM, BMRN, ROST, TSLA, ULTA, AMD, XLNX
                      
Stocks to watch on  Thursday                   
                      
 Nasdaq100  xsing above30   = 3                  
  CSGP, CSX, CTXS                   
                      
 Nasdaq100  xsing below30  = 2                  
  ADI, MXIM                   
                      
                      
MACD Crossover:                    
Up   2                   
MDLZ, TMUS                     
                      
Down   13                   
PCAR, ALXN, TTWO, INTC, SPLK, EXPE, ZM, BMRN, NTES, TSLA, BKNG, ULTA, MU               
                      
                      
SETUPS                     
BF  : PYPL, SPLK, MXIM, ADI, EBAY, TXN, DOCU, AMAT, BYND, CARR, CRWD, EA, ILMN, SHOP, TWLO            
HBO  : AMZN, SBUX, ALGN, CDNS, TMUS, LRCX, DE, AKAM, AXP, CRM, CSCO, DDOG, DIA, FB, NTAP, TLT            
2T  :                     
MACD  :                     
CHANNEL  : TSLA, KLAC, MCD, XLE, ORCL                   
BEAR  :                     
NH  : MSFT, NVDA, CHTR, CPRT, COST, V, NKE, SPY, QQQ                
EPS  : CTAS, PEP, MS, UNH, NXPI                   
                      

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