All indices closed lower. Crude Oil futures (/CL) down $6.5 (- 6%). SPY Market Forecast is defensive pointing down.

 Futures to Watch - Daily Setups                    
/CL[K22]   $101.28 ( -6.54 / -6.07% ) ; Setup:   Channel             
/GC[M22]   $1,941.80 ( 2.8 / +0.14% ) ; Setup:   Channel             
/ES[M22]   $4,535.00 ( -61 / -1.33% ) ; Setup:   2nd day Bull Flag            
/NQ[M22]   $14,897.00 ( -174.5 / -1.16% ) ; Setup:   2nd day Bull Flag            
                      
                      
                      
SPY Market Forecast   92.48 Defensive pointing down in the upper zone               
   0.66   PCALL - 10 day SMA (0.75 - 1.00)               
                      
SPY INTERMEDIATE TERM:  Uptrend- Price above 30 &10 Wk SMA                 
  6-months UP                   
  10-days UP                   
  3-days DOWN                   
                      
Indices                      
UP:                         
Down:     IWM -1.01% ; QQQ -1.24% ; SPY -1.44% ; DIA -1.50%          
                      
  TLT +0.24% at 132.08                 
  VIX +7.66% at 20.81                 
                      
SPY   : 2st day bull flag   above 30ds SMA               
QQQ   : 2st day bull flag   above 30ds SMA               
DIA   : 2st day bull flag   above 30ds SMA               
IWM   : Back into the Channel   above 30ds SMA               
                      
                      
Sectors                      
  0 sectors closed higher led by  XLU -0.12%  and  XLP -0.24%    Lower =  11         
  11            closing above 30d. SMA  and 0   closing below.   
                      
XLU leaders     :    EIX, NRG, EXC, NI                 
XLP leaders     :    MKC, KR, ADM, CPB                
XLV leaders     :    TFX, VRTX, REGN                 
                      
Uptrend  XLU, XLV, XLB, XLE, XLI                   
Sideways  XLP, XLRE, XLK, XLC, XLY, XLF                  
Downtrend                      
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led  1353   to   2042 and  Nasdaq   Weakened   as  Decliners led 1706   to   3102      
                      
                      
NDX Leaders:                        
17 closing higher  and  84 closing Lower                
SPLK : +4.59% ;  INTU : +1.92% ;  SGEN : +1.76%            
                      
DJIA Leaders:                        
0 closing higher  and  30 closing Lower                
CAT : -0.12% ;  AMGN : -0.31% ;  KO : -0.34%            
                      
SP500 Leaders:                        
69 closing higher  and  430 closing Lower                
VIAC : N/A ;  CCL : +3.16% ;  NCLH : +3.11%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   83                   
SPLK, INTU, SGEN, VRTX, DDOG, PANW, CRWD, BKNG, REGN, EXC, CDNS, ZS, AEP, SNPS, VRSN, KHC, FTNT, SBUX, ADP, DLTR, COST, MNST, TMUS, BIIB, XEL, AVGO, IDXX, SIRI, PAYX, AMGN, PEP, MAR, FAST, CSCO, KDP, FISV, ILMN, DOCU, ADI, ANSS, WDAY, ISRG, EA, CSX, ADBE, HON, VRSK, ABNB, AZN, DXCM, NVDA, TSLA, MRNA, CTAS, CPRT, MSFT, AAPL, ORLY, MELI, MCHP, NFLX, CMCSA, MTCH, AMZN, CTSH, MRVL, GOOGL, KLAC, LRCX, GOOG, TXN, CEG, PYPL, FB, ASML, TEAM, AMAT, ADSK, LULU, EBAY, INTC, LCID, ZM
                      
Stocks to watch on    Friday                   
                      
 Nasdaq100  xsing above30   = 0                  
                      
                      
 Nasdaq100  xsing below30  = 7                  
  NXPI, SWKS, ROST, NTES, ODFL, WBA, AMD                 
                      
                      
MACD Crossover:                      
Up   0                   
                      
                      
Down   7                   
DLTR, MRNA, MCHP, CTSH, CHTR, WBA, BIDU                   
                      
 

Markets were downtrading most of the day recovering in the last 15 min session. SPY and QQQ within yesterday range. SPY Market Forecast bullish in the oversold zone. Energy Sector (XLE) triggered a bull flag.

 Futures to Watch - Daily Setups                 
/CL[K22]                  $     107.50  ( +3.13% ) ; Setup:   Channel             
/GC[M22]                 $  1,938.00  ( +1.04% ) ; Setup:   Channel             
/ES[M22]                  $  4,601.75  ( -0.51% ) ; Setup:   Bull Flag            
/NQ[M22]                 $15,104.50  ( -0.87% ) ; Setup:   Bull Flag            
                   
                   
                   
SPY Market Forecast   93.26 Bullish pointing up in the upper zone              
   0.66   PCALL - 10 day SMA (0.75 - 1.00)            
                   
SPY INTERMEDIATE TERM:  Uptrend- Price above 30 &10 Wk SMA              
  6-months UP                
  10-days UP                
  3-days UP                
                   
Indices                   
UP:                      
Down:     DIA -0.24% ; SPY -0.62% ; QQQ -1.10% ; IWM -2.01%       
                   
  TLT +0.78% at 131.76              
  VIX +2.28% at 19.33              
                   
SPY   : 1st day bull flag   above 30ds SMA            
QQQ   : 1st day bull flag   above 30ds SMA            
DIA   : 1st day bull flag   above 30ds SMA            
IWM   : 1st day bull flag   above 30ds SMA            
                   
                   
Sectors                   
  4 sectors closed higher led by  XLE +1.16%  and  XLU +0.83%    Lower =  7      
  11            closing above 30d. SMA  and 0   closing below.
                   
XLE leaders     :    PSX, VLO, MPC, MRO             
XLU leaders     :    SRE, DTE, AEE, ED              
XLV leaders     :    ANTM, UNH, CNC              
                   
Uptrend  XLE, XLU, XLV, XLI, XLB                
Sideways  XLP, XLRE, XLF, XLC, XLK, XLY               
Downtrend                   
                   
                   
Breath:                   
NYSE Weakened  as  Decliners led  1425   to   1907 and  Nasdaq   Weakened   as  Decliners led 1552   to   3138   
                   
                   
NDX Leaders:                     
23 closing higher  and  79 closing Lower             
LULU : +9.58% ;  PAYX : +3.29% ;  CEG : +2.08%         
                   
DJIA Leaders:                     
15 closing higher  and  15 closing Lower             
UNH : +1.98% ;  WMT : +1.79% ;  JNJ : +1.04%         
                   
SP500 Leaders:                     
181 closing higher  and  319 closing Lower             
VIAC : N/A ;  PSX : +4.76% ;  VLO : +3.95%         
                   
NASDAQ 100                   
                   
Nasdaq Above 30MA    =   90                
LULU, PAYX, CEG, AZN, ADP, FAST, COST, DLTR, VRSK, CRWD, ISRG, AEP, DXCM, CSCO, XEL, EXC, AMGN, VRSN, CSX, SIRI, TMUS, CTAS, KHC, PANW, PEP, CMCSA, SBUX, KDP, MTCH, GOOGL, GOOG, MSFT, HON, TSLA, IDXX, VRTX, AAPL, WBA, FISV, ORLY, REGN, FB, EA, ADSK, SPLK, MAR, ABNB, SGEN, ADBE, EBAY, CTSH, ILMN, INTC, FTNT, CDNS, AVGO, ZS, AMZN, BIIB, BKNG, TXN, WDAY, NTES, ADI, PYPL, ANSS, SNPS, CPRT, NFLX, KLAC, ODFL, INTU, SWKS, TEAM, DOCU, MNST, ZM, ROST, LCID, MRNA, AMD, NVDA, ASML, LRCX, DDOG, MELI, NXPI, AMAT, MRVL, MCHP
                   
Stocks to watch on    Thursday                
                   
 Nasdaq100  xsing above30   = 0               
                   
                   
 Nasdaq100  xsing below30  = 5               
  ATVI, GILD, PCAR, BIDU, QCOM               
                   
                   
MACD Crossover:                   
Up   3                
DLTR, CSCO, TMUS                   
                   
Down   1                
REGN                   
                   

Another strong day for QQQ and SPY. SPY Market Forecast bullish above 80. Real Estate (XLRE) sector led the bull move. Crude Oil (CL) dropped at the overnight and recovered throughout the day.

 SPY Market Forecast 88.57 Bullish pointing up in the middle zone                
   0.68   PCALL - 10 day SMA (0.75 - 1.00)              
                     
                     
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA                
  6-months UP                  
  10-days UP                  
  3-days UP                  
                     
Indices                     
UP:     IWM +2.68% ; QQQ +1.72% ; SPY +1.24% ; DIA +1.00%         
Down:                        
                     
  TLT +0.76% at 130.74                
  VIX -3.72% at 18.9                
                     
SPY   : up    above 30ds SMA              
QQQ   : up    above 30ds SMA              
DIA   : up    above 30ds SMA              
IWM   : up   above 30ds SMA              
                     
                     
Sectors                     
  10 sectors closed higher led by  XLRE +2.93%  and  XLK +2.12%    Lower =  1        
  11            closing above 30d. SMA  and 0   closing below.  
                     
XLRE leaders     :    SPG, REG, EXR, EQIX               
XLK leaders     :    EPAM, IPGP, MA                
XLY leaders     :    F, PENN, APTV, CZR               
                     
Uptrend XLU, XLI, XLB, XLV, XLE                  
Sideways XLRE, XLK, XLY, XLC, XLP, XLF                 
Downtrend                    
                     
                     
Breath:                     
NYSE Strengthened  as  Advancers led  2750   to   640 and  Nasdaq   Strengthened  as  Advancers led 3605   to   1225     
                     
                     
NDX Leaders:                      
97 closing higher  and  5 closing Lower               
LCID : +7.80% ;  ZM : +7.50% ;  DOCU : +6.28%           
                     
DJIA Leaders:                      
25 closing higher  and  5 closing Lower               
V : +3.33% ;  NKE : +3.21% ;  BA : +3.00%           
                     
SP500 Leaders:                      
435 closing higher  and  67 closing Lower               
VIAC : N/A ;  NLSN : +20.31% ;  EPAM : +11.58%           
                     
NASDAQ 100                    
                     
Nasdaq Above 30MA    =  95                  
LCID, ZM, DOCU, ABNB, MRNA, ROST, PYPL, BKNG, DXCM, DDOG, MAR, LULU, CPRT, ADBE, ADSK, NFLX, SBUX, MNST, MTCH, TEAM, MCHP, ILMN, ANSS, TXN, NXPI, FB, AMAT, FTNT, SNPS, MELI, ZS, MRVL, AMD, SGEN, EBAY, KLAC, ISRG, SWKS, ORLY, GILD, IDXX, FISV, CDNS, EXC, LRCX, ASML, PAYX, CTAS, ADP, AAPL, PCAR, ADI, QCOM, NVDA, BIIB, TMUS, MSFT, VRSK, PEP, INTC, AVGO, ODFL, WBA, CTSH, AEP, INTU, CSCO, ATVI, GOOG, FAST, VRTX, AZN, COST, WDAY, XEL, KDP, GOOGL, REGN, VRSN, TSLA, EA, CMCSA, AMGN, CRWD, CSX, SIRI, HON, AMZN, BIDU, NTES, KHC, DLTR, SPLK, CEG, PANW
                     
Stocks to watch on  Wednesday                  
                     
 Nasdaq100  xsing above30   = 8                 
  ZM, SBUX, GILD, PCAR, QCOM, CSCO, ATVI, BIDU               
                     
 Nasdaq100  xsing below30  = 0                 
                     
                     
                     
MACD Crossover:                   
Up   3                  
OKTA, WBA, AEP                   
                     
Down   1                  
DLTR