Market Forecast is bullish in the oversold zone. Healthcare (XLV) and Technology (XLK) sectors led the rally

Weekly Chart

SPY, QQQ, and DIA closed at all times high. Impressive rally for the last four weeks. 

SPY Market Forecast 95.06 Bullish pointing up in the upper zone               
   0.53   PCALL - 10 day SMA (0.75 - 1.00)             
   148.09   SKEW (120 - 140)               
                    
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA               
  6-months UP                 
  10-days UP                 
  3-days UP                 
                    
Indices                    
UP:     QQQ +0.49% ; DIA +0.26% ; SPY +0.20% ;          
Down:              IWM -0.03%        
                    
  TLT +0.31% at 147.69               
  VIX -1.63% at 16.26               
                    
SPY   : New all times highs    above 30ds SMA             
QQQ   : New all times highs    above 30ds SMA             
DIA   : Bull Flag Triggered - HBO Setup   above 30ds SMA             
IWM   : Channel Testing Resistance    above 30ds SMA             
                    
                    
Sectors                    
  5 sectors closed higher led by  XLV +0.97%  and  XLK +0.43%    Lower =  6       
  10            closing above 30d. SMA  and 1   closing below.
                    
XLV leaders     :    ALXN, DXCM, CERN, ABBV              
XLK leaders     :    MXIM, VRSN, KLAC, ENPH              
XLC leaders     :    NFLX, FB, GOOGL, GOOG              
                    
Uptrend XLV, XLK, XLC, XLY, XLI, XLF, XLB, XLE, XLRE               
Sideways XLP, XLU                 
Downtrend                   
                    
                    
Breath:                    
NYSE Weakened  as  Decliners led  1622   to   1711 and  Nasdaq   Strengthened  as  Decliners led 2324   to   2298    
                    
                    
NDX Leaders:                     
59 closing higher  and  42 closing Lower              
TEAM : +9.78% ;  DXCM : +9.27% ;  EBAY : +5.95%          
                    
DJIA Leaders:                     
16 closing higher  and  14 closing Lower              
MSFT : +2.24% ;  INTC : +1.91% ;  MRK : +1.73%          
                    
SP500 Leaders:                     
210 closing higher  and  291 closing Lower              
MXIM : N/A ;  DXCM : +9.27% ;  GWW : +7.51%          
                    
NASDAQ 100                   
                    
Nasdaq Above 30MA    =  73                 
TEAM, DXCM, EBAY, VRSN, CERN, LULU, KLAC, TSLA, NVDA, CDNS, NFLX, REGN, MSFT, IDXX, SNPS, ADBE, INTU, KDP, CTAS, CPRT, VRTX, FAST, ISRG, GOOGL, GOOG, PTON, ANSS, WDAY, OKTA, CTSH, DOCU, EXC, CHKP, ADP, ADI, NXPI, AMAT, DLTR, VRSK, XEL, AVGO, CDW, ILMN, PCAR, CRWD, COST, ROST, SPLK, SIRI, ADSK, HON, MAR, MRVL, AEP, EA, PEP, ASML, PAYX, CSX, MDLZ, XLNX, QCOM, CSCO, ZM, SGEN, AMD, ATVI, SWKS, AAPL, AMZN, NTES, JD, BIDU
                    
Stocks to watch on  Monday                 
                    
 Nasdaq100  xsing above30   = 5                
  EBAY, VRSN, CERN, VRTX, OKTA                
                    
 Nasdaq100  xsing below30  = 3                
  ORLY, FOX, SBUX                 
                    
                    
MACD Crossover:                  
Up   6                 
TEAM, VRSN, CTAS, BIIB, SIRI, MAR                 
                    
Down   3                 
GILD, CHTR, SBUX                  
                    
                    
SETUPS                   
BF  : AAPL, MSFT, SPLK, PAYX, XLNX, EBAY, ASML, AMD, CRWD, NTES, AEP, ORLY, SGEN           
HBO  : ADBE, AMZN, CDNS, CTSH, SNPS, PCAR, PEP, COST, ADSK, CSCO, GOOGL, GOOG, ISRG, MRVL, AVGO          
2T  : DLTR                  
MACD  :                   
CHANNEL  : CHKP, DOCU, BIDU, JD, ZM, OKTA                
BEAR  : SBUX                  
NH  : NVDA, CPRT, CTAS, WDAY, TSLA, INTU, ADP, CSX, FAST, NFLX, LULU, DXCM, TEAM           
EPS  : IDXX, QCOM, SWKS, EXC, VRSK, ATVI, EA, MAR, REGN, MDLZ, ANSS             
                    

SPY in an HBO setup with Market Forecast pointing up (bullish). All indices finished up led by IWM. All sectors closed higher led by Real Estate (XLRE)

 SPY Market Forecast 94.15 Bullish pointing up in the upper zone              
   0.53   PCALL - 10 day SMA (0.75 - 1.00)            
   144.73   SKEW (120 - 140)              
                   
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA              
  6-months UP                
  10-days UP                
  3-days UP                
                   
Indices                   
UP:     IWM +1.99% ; QQQ +1.11% ; SPY +0.96% ; DIA +0.65%       
Down:                      
                   
  TLT -0.34% at 147.24              
  VIX -2.65% at 16.53              
                   
SPY   : HBO Setup    above 30ds SMA            
QQQ   : New all times highs    above 30ds SMA            
DIA   : Bull Flag Setup    above 30ds SMA            
IWM   : Channel Testing Resistance    above 30ds SMA            
                   
                   
Sectors                   
  11 sectors closed higher led by  XLRE +1.47%  and  XLI +1.25%    Lower =  0      
  10            closing above 30d. SMA  and 1   closing below.
                   
XLRE leaders     :    EXR, PSA, EQIX, DRE             
XLI leaders     :    AOS, NLSN, URI, PWR             
XLY leaders     :    F, GPS, WHR, LKQ              
                   
Uptrend XLRE, XLI, XLY, XLF, XLK, XLB, XLV, XLE, XLC              
Sideways XLU, XLP                
Downtrend                  
                   
                   
Breath:                   
NYSE Strengthened  as  Advancers led  2322   to   1014 and  Nasdaq   Strengthened  as  Advancers led 3270   to   1326   
                   
                   
NDX Leaders:                    
81 closing higher  and  21 closing Lower             
REGN : +6.04% ;  ALGN : +4.54% ;  KLAC : +4.34%         
                   
DJIA Leaders:                    
25 closing higher  and  5 closing Lower             
MRK : +6.14% ;  CAT : +4.06% ;  AAPL : +2.50%         
                   
SP500 Leaders:                    
407 closing higher  and  94 closing Lower             
MXIM : N/A ;  TER : +11.33% ;  AOS : +10.50%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  70                
REGN, KLAC, PCAR, NXPI, TSLA, KDP, AMAT, ADSK, DLTR, AAPL, SNPS, SWKS, CDNS, LULU, DXCM, PTON, ROST, NVDA, IDXX, ISRG, QCOM, SGEN, NFLX, AMZN, XEL, ASML, EXC, ZM, ANSS, AVGO, HON, WDAY, ADI, FOX, MRVL, FAST, CSX, TEAM, MDLZ, CDW, CPRT, CRWD, SPLK, CTAS, PAYX, VRSK, PEP, BIDU, CHKP, AEP, ADP, ILMN, INTU, MSFT, ATVI, COST, CSCO, MAR, JD, XLNX, EA, ADBE, GOOG, GOOGL, SBUX, NTES, CTSH, DOCU, AMD, ORLY
                   
Stocks to watch on  Friday                
                   
 Nasdaq100  xsing above30   = 13               
  KLAC, NXPI, KDP, AMAT, PTON, ROST, SIRI, XEL, HON, ADI, FOX, CDW, ILMN           
                   
 Nasdaq100  xsing below30  = 2               
  OKTA, EBAY                
                   
                   
MACD Crossover:                 
Up   2                
PCAR, KDP                  
                   
Down   10                
ADI, TEAM, CRWD, CTAS, PAYX, VRSN, CMCSA, OKTA, ORLY, EBAY             
                   
                   
SETUPS                  
BF  : ADBE, MSFT, NVDA, CDNS, CPRT, CTAS, SNPS, SPLK, PAYX, XLNX, ADP, AMD, CRWD, JD, MRVL, AEP, AVGO, TEAM       
HBO  : AMZN, PCAR, TSLA, PEP, COST, ADSK, CSCO, FAST, GOOGL, NFLX, NTES, GOOG, DXCM          
2T  : DLTR, ISRG                
MACD  :                  
CHANNEL  : AAPL, SBUX, CHKP, CTSH, EBAY, ASML, DOCU, BIDU, ORLY, ZM, OKTA            
BEAR  :                  
NH  : WDAY, INTU, CSX, LULU, SGEN               
EPS  : IDXX, QCOM, SWKS, EXC, VRSK, ATVI, EA, MAR, REGN, MDLZ, ANSS            
                   

QQQ up and reached all times high in the intraday. Only one sector finished higher. SPY Forecast defensive

 SPY Market Forecast 94.08 Defensive pointing down in the upper zone              
   0.54   PCALL - 10 day SMA (0.75 - 1.00)            
   140.6   SKEW (120 - 140)              
                   
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA              
  6-months UP                
  10-days UP                
  3-days UP                
                   
Indices                   
UP:     QQQ +0.23% ;               
Down:        SPY -0.44% ; DIA -0.70% ; IWM -1.84%       
                   
  TLT +1.82% at 147.74              
  VIX +6.26% at 16.98              
                   
SPY   : Bull Flag Setup    above 30ds SMA            
QQQ   : New all times highs    above 30ds SMA            
DIA   : Bull Flag Setup    above 30ds SMA            
IWM   : Channel Testing Resistance    above 30ds SMA            
                   
                   
Sectors                   
  1 sectors closed higher led by  XLY +0.22%  and  XLK -0.09%    Lower =  10      
  10            closing above 30d. SMA  and 1   closing below.
                   
XLY leaders     :    HAS, LVS, DPZ, MCD             
XLK leaders     :    MXIM, ENPH, JNPR, TER             
XLC leaders     :    GOOGL, GOOG, TMUS             
                   
Uptrend XLY, XLK, XLC, XLRE, XLV, XLI, XLB, XLF, XLE              
Sideways XLP, XLU                
Downtrend                  
                   
                   
Breath:                   
NYSE Weakened  as  Decliners led  938   to   2379 and  Nasdaq   Weakened   as  Decliners led 1344   to   3187   
                   
                   
NDX Leaders:                    
23 closing higher  and  79 closing Lower             
XLNX : +5.22% ;  GOOGL : +4.96% ;  GOOG : +4.84%         
                   
DJIA Leaders:                    
6 closing higher  and  24 closing Lower             
MSFT : +4.21% ;  MCD : +2.67% ;  KO : +1.93%         
                   
SP500 Leaders:                    
83 closing higher  and  420 closing Lower             
MXIM : N/A ;  ENPH : +24.65% ;  JNPR : +8.48%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  60                
XLNX, GOOGL, GOOG, MSFT, MAR, TSLA, NTES, ADP, ASML, SWKS, INTU, COST, CSCO, AMZN, CSX, LULU, WDAY, ISRG, MRVL, EXC, AEP, PEP, AAPL, ADBE, REGN, DLTR, AMD, QCOM, BIDU, MDLZ, JD, NFLX, FAST, PAYX, DOCU, CPRT, EBAY, ORLY, NVDA, SBUX, DXCM, PCAR, CTSH, ADSK, EA, VRSK, ANSS, SGEN, CTAS, IDXX, CHKP, AVGO, ZM, OKTA, SPLK, ATVI, SNPS, TEAM, CRWD, CDNS
                   
Stocks to watch on  Thursday                
                   
 Nasdaq100  xsing above30   = 2               
  ASML, SWKS                
                   
 Nasdaq100  xsing below30  = 18               
  BKNG, KDP, HON, ILMN, XEL, VRTX, VRSN, CDW, WBA, ROST, CERN, MTCH, FOX, FOXA, TXN, ADI, PTON, FISV        
                   
                   
MACD Crossover:                 
Up   2                
GOOGL, GOOG                  
                   
Down   14                
NTES, BIDU, JD, PDD, PCAR, CTSH, XEL, CHKP, WBA, SPLK, MTCH, BIIB, TXN, FISV            
                   
                   
SETUPS                  
BF  : ADBE, NVDA, CDNS, CPRT, CTAS, CTSH, SNPS, SPLK, PAYX, EBAY, DOCU, ADSK, CRWD, FAST, JD, NFLX, NTES, ISRG, MRVL, ORLY, AVGO     
HBO  : PCAR, PEP, ASML, COST, AMD, CSCO, DLTR, AEP              
2T  :                  
MACD  :                  
CHANNEL  : BIDU, ZM, OKTA                
BEAR  :                  
NH  : MSFT, WDAY, XLNX, TSLA, INTU, ADP, CSX, GOOGL, GOOG, LULU            
EPS  : AAPL, AMZN, SBUX, CHKP, IDXX, QCOM, SWKS, EXC, VRSK, ATVI, EA, MAR, REGN, MDLZ, DXCM, ANSS, SGEN, TEAM