Friday, June 10, 2022

 Futures to Watch - Daily Setups                   
/CL[K22]   $120.47 ( -1.04 / -0.86% ) ; Setup:   Bull flag 2nd day           
/GC[M22]   $1,875.20 ( 22.4 / +1.21% ) ; Setup:   HBO            
/ES[M22]   $3,906.75 ( -110.8 / -2.76% ) ; Setup:   Bearsh HBO           
/NQ[M22]   $11,888.25 ( -416.5 / -3.38% ) ; Setup:   Bearsh HBO           
                     
                     
                     
SPY Market Forecast   49.96 Bearish pointing down 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 DOWN                  
  3-days DOWN                  
                     
Indices                     
UP:                        
Down:     DIA -2.67% ; IWM -2.71% ; SPY -2.90% ; QQQ -3.53%         
                     
  TLT -0.62% at 113.77                
  VIX +6.36% at 27.75                
                     
SPY   : Sideways   below 30ds SMA              
QQQ   : Sideways   below 30ds SMA              
DIA   : Sideways   below 30ds SMA              
IWM   : Sideways   crossing below 30ds SMA             
                     
                     
Sectors                     
  0 sectors closed higher led by  XLP -0.43%  and  XLU -0.77%    Lower =  11        
  1            closing above 30d. SMA  and 10   closing below.  
                     
XLP leaders     :    HSY, K, KR, HRL                
XLU leaders     :    ED, PEG, PNW, EIX                
XLV leaders     :    CAH, BAX, CVS                
                     
Uptrend  XLE                   
Sideways  XLU, XLB                  
Downtrend  XLP, XLV, XLRE, XLC, XLI, XLF, XLK, XLY                 
                     
                     
Breath:                     
NYSE Weakened  as  Decliners led  520   to   2776 and  Nasdaq   Weakened   as  Decliners led 950   to   3755     
                     
                     
NDX Leaders:                       
4 closing higher  and  96 closing Lower               
PDD : +2.13% ;  NTES : +1.82% ;  KHC : +0.48%           
                     
DJIA Leaders:                       
1 closing higher  and  29 closing Lower               
WMT : +0.56% ;  VZ : -0.24% ;  PG : -0.38%           
                     
SP500 Leaders:                       
35 closing higher  and  460 closing Lower               
VIAC : N/A ;  DISCK : N/A ;  XLNX : N/A           
                     
NASDAQ 100                     
                     
Nasdaq Above 30MA    =   16                  
PDD, NTES, JD, ZM, SGEN, CHTR, EA, BIDU, TMUS, DLTR, CRWD, PCAR, SNPS, SBUX, CDNS, FTNT              
                     
Stocks to watch on    Monday                  
                     
 Nasdaq100  xsing above30   = 0                 
                     
                     
 Nasdaq100  xsing below30  = 26                 
  CMCSA, ORLY, CEG, BIIB, MNST, VRSN, ADI, GOOG, NXPI, GOOGL, LRCX, AMD, PANW, CTAS, ZS, KLAC, LCID, MTCH, INTU, NFLX, PYPL, TEAM, DDOG, BKNG, ADBE, DOCU   
                     
                     
MACD Crossover:                     
Up   0                  
                     
                     
Down   34                  
CTSH, FAST, ORLY, ADP, ODFL, ISRG, QCOM, AVGO, CSX, SWKS, PCAR, ANSS, CPRT, IDXX, AAPL, CTAS, CDNS, MSFT, LCID, META, MAR, MTCH, INTU, EBAY, MRNA, AMZN, PYPL, NVDA, MRVL, MELI, BKNG, ADBE, ILMN, DOCU
                     

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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)       ...