Friday, August 06, 2021

 SPY Market Forecast 93.27 Short-term bullish pointing up in the lower zone            
   0.59   PCALL - 10 day SMA (0.75 - 1.00)            
   150.96   SKEW (120 - 135)              
                   
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA              
  6-months UP                
  10-days UP                
  3-days UP                
                   
Indices                   
UP:     IWM +0.61% ; DIA +0.42% ; SPY +0.17% ;         
Down:              QQQ -0.44%       
                   
  TLT -1.67% at 147.78              
  VIX -6.54% at 16.15              
                   
SPY   : New Highs    above 30ds SMA            
QQQ   : Bull Flag    above 30ds SMA            
DIA   : New Highs    above 30ds SMA            
IWM   : Channel   Crossing above 30ds SMA           
                   
                   
Sectors                   
  4 sectors closed higher led by  XLF +2.02%  and  XLB +1.45%    Lower =  5      
  10            closing above 30d. SMA  and 1   closing below.
                   
XLF leaders     :    AIG, UNM, SCHW, WFC             
XLB leaders     :    CTVA, BLL, ALB, LYB             
XLE leaders     :    HAL, NOV, SLB, MPC             
                   
Uptrend XLF, XLC, XLU, XLV, XLK, XLRE, XLY               
Sideways XLB, XLE, XLI, XLP                
Downtrend                  
                   
                   
Breath:                   
NYSE Strengthened  as  Advancers led  1972   to   1318 and  Nasdaq   Strengthened  as  Advancers led 2262   to   2113   
                   
                   
NDX Leaders:                    
37 closing higher  and  65 closing Lower             
MNST : +5.46% ;  ATVI : +2.63% ;  WDC : +2.52%         
                   
DJIA Leaders:                    
17 closing higher  and  13 closing Lower             
GS : +3.54% ;  JPM : +2.84% ;  DOW : +1.64%         
                   
SP500 Leaders:                    
322 closing higher  and  178 closing Lower             
FLIR : N/A ;  CTVA : +8.01% ;  DXC : +6.12%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  72                
MNST, ROST, REGN, ADSK, FISV, ISRG, BIIB, ADI, MU, CMCSA, CSX, NXPI, LRCX, ANSS, AMAT, MXIM, FB, CERN, PAYX, GOOG, CHTR, SBUX, PEP, MSFT, MCHP, HON, MAR, KLAC, TXN, ADBE, ADP, EXC, CTAS, XEL, SNPS, ORLY, CDW, CSCO, FAST, AEP, QCOM, GOOGL, CDNS, AVGO, XLNX, CTSH, MRNA, AAPL, INTU, SGEN, GILD, ALGN, COST, MRVL, CHKP, VRSK, DOCU, VRTX, SPLK, NVDA, DXCM, LULU, ASML, CPRT, MELI, FOXA, AMD, TSLA, TEAM, IDXX, ILMN, ZM
                   
Stocks to watch on  Saturday                
                   
 Nasdaq100  xsing above30   = 4               
  MNST, ROST, FISV, BIIB                
                   
 Nasdaq100  xsing below30  = 3               
  BKNG, FOX, OKTA                
                   
                   
MACD Crossover:                 
Up   6                
ROST, REGN, CSX, SIRI, TCOM, BKNG                
                   
Down   3                
QCOM, GOOGL, INTU                 
                   

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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)       ...