Tuesday, June 28, 2022

                       
Futures to Watch - Daily Setups                    
/CL[K22]   $111.84 ( 0.08 / +0.07% ) ; Setup:   Bear Flag            
/GC[M22]   $1,821.40 ( 0.2 / +0.01% ) ; Setup:   Channel             
/ES[M22]   $3,828.00 ( 2.5 / +0.07% ) ; Setup:   Bear Flag Triggered - HBO           
/NQ[M22]   $11,680.50 ( 6.25 / +0.05% ) ; Setup:   Bear Flag Triggered - HBO           
                      
                      
                      
SPY Market Forecast   36.51 Bullish pointing up in the middle zone                 
   0.86   PCALL - 10 day SMA (0.75 - 1.00)               
                      
SPY INTERMEDIATE TERM:  Downtrend- Price below 30 &10 Wk SMA                 
  6-months DOWN                   
  10-days SIDEWAYS                   
  3-days DOWN                   
                      
Indices                      
UP:                         
Down:     DIA -1.60% ; IWM -1.88% ; SPY -2.04% ; QQQ -3.05%          
                      
  TLT +0.47% at 112.12                 
  VIX +5.23% at 28.36                 
                      
SPY   : bearish   below 30ds SMA               
QQQ   : bearish   below 30ds SMA               
DIA   : bearish   below 30ds SMA               
IWM   : bearish   below 30ds SMA               
                      
                      
Sectors                      
  1 sectors closed higher led by  XLE +2.70%  and  XLU -0.37%    Lower =  10         
  0            closing above 30d. SMA  and 11   closing below.   
                      
XLE leaders     :    HES, OXY, MRO, FANG                
XLU leaders     :    XEL, AEE, DTE, NI                 
XLF leaders     :    PBCT, CFG, MS, CMA                
                      
Uptrend                      
Sideways  XLE                    
Downtrend  XLU, XLF, XLB, XLI, XLP, XLRE, XLV, XLC, XLK, XLY                 
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led  1020   to   2240 and  Nasdaq   Weakened   as  Decliners led 1216   to   3363      
                      
                      
NDX Leaders:                        
4 closing higher  and  97 closing Lower                
FB : N/A ;  QCOM : +3.48% ;  XEL : +0.95%            
                      
DJIA Leaders:                        
3 closing higher  and  27 closing Lower                
CVX : +1.61% ;  DOW : +0.59% ;  UNH : +0.55%            
                      
SP500 Leaders:                        
65 closing higher  and  429 closing Lower                
VIAC : N/A ;  DISCK : N/A ;  XLNX : N/A            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   28                   
SGEN, AZN, BIDU, KDP, ATVI, JD, ORLY, SBUX, ADP, MRNA, DLTR, DXCM, TMUS, FTNT, COST, PDD, CDNS, GOOGL, GOOG, MNST, VRTX, CRWD, TEAM, OKTA, BIIB, ZM, ZS, DDOG       
                      
Stocks to watch on    Wednesday                   
                      
 Nasdaq100  xsing above30   = 0                  
                      
                      
 Nasdaq100  xsing below30  = 25                  
  AMGN, GILD, PEP, MDLZ, PANW, CTAS, SIRI, PAYX, KHC, LCID, SNPS, VRSN, WBA, VRSK, AAPL, CPRT, LULU, MSFT, ODFL, ANSS, INTU, TSLA, NFLX, AMZN, MTCH     
                      
                      
MACD Crossover:                      
Up   1                   
QCOM                      
                      
Down   1                   
DLTR                      
                      

Friday, June 24, 2022

 Futures to Watch - Daily Setups                    
/CL[K22]   $107.06 ( 2.79 / +2.68% ) ; Setup:   Bear Flag            
/GC[M22]   $1,828.10 ( -1.7 / -0.09% ) ; Setup:   Channel - Support bounce           
/ES[M22]   $3,914.75 ( 115 / +3.03% ) ; Setup:   Bear Flag            
/NQ[M22]   $12,132.75 ( 395.25 / +3.37% ) ; Setup:   Bear Flag            
                      
                      
                      
SPY Market Forecast   26.11 Bullish pointing up in the lower zone                 
   0.97   PCALL - 10 day SMA (0.75 - 1.00)               
                      
SPY INTERMEDIATE TERM:  Sideways- Price in between 30 &10 Wk SMA                
  6-months DOWN                   
  10-days UP                   
  3-days UP                   
                      
Indices                      
UP:     QQQ +3.43% ; SPY +3.18% ; IWM +3.10% ; DIA +2.70%          
Down:                         
                      
  TLT -1.38% at 112.56                 
  VIX -6.27% at 27.23                 
                      
SPY   : bearish   below 30ds SMA               
QQQ   : bearish   below 30ds SMA               
DIA   : bearish   below 30ds SMA               
IWM   : bearish   below 30ds SMA               
                      
                      
Sectors                      
  11 sectors closed higher led by  XLB +3.97%  and  XLC +3.81%    Lower =  0         
  3            closing above 30d. SMA  and 8   closing below.   
                      
XLB leaders     :    EMN, AVY, CE, PPG                 
XLC leaders     :    VIAC, DISCK, DISCA, FB                
XLY leaders     :    RCL, NCLH, PENN, CZR                
                      
Uptrend                      
Sideways  XLE                    
Downtrend  XLB, XLC, XLY, XLF, XLK, XLI, XLRE, XLP, XLU, XLV                 
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led  2665   to   561 and  Nasdaq   Strengthened  as  Advancers led 3057   to   1489      
                      
                      
NDX Leaders:                        
100 closing higher  and  1 closing Lower                
FB : N/A ;  OKTA : +8.42% ;  ABNB : +8.14%            
                      
DJIA Leaders:                        
28 closing higher  and  2 closing Lower                
CRM : +7.44% ;  GS : +5.79% ;  BA : +5.64%            
                      
SP500 Leaders:                        
476 closing higher  and  19 closing Lower                
VIAC : N/A ;  DISCK : N/A ;  XLNX : N/A            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   56                   
OKTA, DDOG, MTCH, EBAY, TEAM, SPLK, CRWD, GOOG, GOOGL, NFLX, ZS, ADSK, TSLA, PAYX, CDNS, ZM, ANSS, INTU, FTNT, ODFL, ADP, SBUX, AZN, AMZN, BIDU, CTAS, MSFT, JD, VRSN, DXCM, VRTX, SGEN, PDD, SNPS, MDLZ, MNST, CPRT, LULU, AAPL, COST, ATVI, ORLY, IDXX, KDP, PANW, SIRI, KHC, PEP, VRSK, DLTR, AMGN, TMUS, GILD, MRNA, BIIB, LCID
                      
Stocks to watch on    Monday                   
                      
 Nasdaq100  xsing above30   = 24                  
  MTCH, EBAY, SPLK, NFLX, ADSK, TSLA, PAYX, ANSS, ODFL, ADP, CTAS, MSFT, VRSN, MDLZ, CPRT, LULU, AAPL, ATVI, IDXX, KDP, SIRI, KHC, PEP, AMGN      
                      
 Nasdaq100  xsing below30  = 0                  
                      
                      
                      
MACD Crossover:                      
Up   29                   
ABNB, META, MTCH, EBAY, ASML, KLAC, NVDA, PYPL, FISV, ADSK, DOCU, PAYX, CDNS, CTSH, FTNT, SWKS, SBUX, BIDU, CTAS, VRSN, INTC, TXN, CSX, FAST, SNPS, XEL, CHTR, AEP, ILMN      
                      
Down   0                   
                      
                      

Thursday, June 16, 2022

SPY Market Forecast bearish. SPY, QQQ and IWM new lows. Crude Oil bounced from support. All sectors below 30ds SMA.

 Futures to Watch - Daily Setups                 
/CL[K22]   $114.59 ( 1.5 / +1.33% ) ; Setup:   Support bounce         
/GC[M22]   $1,857.50 ( 37.9 / +2.08% ) ; Setup:   Channel - Support bounce        
/ES[M22]   $3,675.25 ( -118.3 / -3.12% ) ; Setup:   New lows         
/NQ[M22]   $11,189.25 ( -439.8 / -3.78% ) ; Setup:   New lows         
                   
                   
                   
SPY Market Forecast   9.18 Bearish pointing down in the lower zone              
   0.94   PCALL - 10 day SMA (0.75 - 1.00)            
                   
SPY INTERMEDIATE TERM:  Downtrend- Price below 30 &10 Wk SMA              
  6-months DOWN                
  10-days DOWN                
  3-days DOWN                
                   
Indices                   
UP:                      
Down:     DIA -2.39% ; SPY -3.31% ; QQQ -4.03% ; IWM -4.63%       
                   
  TLT +0.79% at 111.72              
  VIX +11.24% at 32.95              
                   
SPY   : bearish   below 30ds SMA            
QQQ   : bearish   below 30ds SMA            
DIA   : bearish   below 30ds SMA            
IWM   : bearish   below 30ds SMA            
                   
                   
Sectors                   
  0 sectors closed higher led by  XLP -0.76%  and  XLV -1.47%    Lower =  11      
  0            closing above 30d. SMA  and 11   closing below.
                   
XLP leaders     :    WMT, CHD, GIS, PG             
XLV leaders     :    ABBV, CI, MRK              
XLU leaders     :    SO, DUK, ED, D              
                   
Uptrend                   
Sideways  XLE                 
Downtrend  XLP, XLV, XLU, XLRE, XLF, XLI, XLB, XLC, XLK, XLY              
                   
                   
Breath:                   
NYSE Weakened  as  Decliners led  334   to   3020 and  Nasdaq   Weakened   as  Decliners led 892   to   3841   
                   
                   
NDX Leaders:                     
3 closing higher  and  98 closing Lower             
AZN : +0.48% ;  CEG : +0.10% ;  MNST : +0.02%         
                   
DJIA Leaders:                     
4 closing higher  and  26 closing Lower             
WMT : +1.04% ;  PG : +0.61% ;  MRK : +0.31%         
                   
SP500 Leaders:                     
13 closing higher  and  483 closing Lower             
VIAC : N/A ;  DISCK : N/A ;  XLNX : N/A         
                   
NASDAQ 100                   
                   
Nasdaq Above 30MA    =   6                
MNST, SGEN, PDD, JD, BIDU, ZM                 
                   
Stocks to watch on    Friday                
                   
 Nasdaq100  xsing above30   = 0               
                   
                   
 Nasdaq100  xsing below30  = 6               
  DLTR, CRWD, SNPS, PCAR, MTCH, NTES               
                   
                   
MACD Crossover:                   
Up   0                
                   
                   
Down   2                
PDD, TSLA                   
                   

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)       ...