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                   
                      
                      

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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)       ...