Friday, July 15, 2022

 Futures to Watch - Daily Setups                    
/CL[K22]   $94.38 ( 1.55 / +1.67% ) ; Setup:   Support Bounce            
/GC[M22]   $1,706.50 ( 0.7 / +0.04% ) ; Setup:   Bearish HBO            
/ES[M22]   $3,866.75 ( 73.5 / +1.94% ) ; Setup:   Bearish HBO            
/NQ[M22]   $12,019.25 ( 221.75 / +1.88% ) ; Setup:   Bear Flag            
                      
                      
                      
SPY Market Forecast   34.76 Bearish pointing down in the middle zone               
   0.87   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 SIDEWAYS                   
                      
Indices                      
UP:     DIA +2.09% ; IWM +2.08% ; SPY +1.91% ; QQQ +1.81%          
Down:                         
                      
  TLT +0.56% at 116.14                 
  VIX -8.22% at 24.23                 
                      
SPY   : bearish   below 30ds SMA               
QQQ   : bearish   crossing above 30ds SMA              
DIA   : bearish   below 30ds SMA               
IWM   : bearish   below 30ds SMA               
                      
                      
Sectors                      
  11 sectors closed higher led by  XLF +3.38%  and  XLC +2.57%    Lower =  0         
  4            closing above 30d. SMA  and 7   closing below.   
                      
XLF leaders     :    PBCT, C, STT, BK                 
XLC leaders     :    VIAC, DISCK, DISCA, FB                
XLV leaders     :    CERN, ILMN, UNH                 
                      
Uptrend                      
Sideways  XLE                    
Downtrend  XLF, XLC, XLV, XLK, XLY, XLRE, XLI, XLB, XLP, XLU                 
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led  2653   to   567 and  Nasdaq   Strengthened  as  Advancers led 3206   to   1347      
                      
                      
NDX Leaders:                        
92 closing higher  and  10 closing Lower                
NFLX : +8.20% ;  ILMN : +6.76% ;  SPLK : +6.28%            
                      
DJIA Leaders:                        
29 closing higher  and  1 closing Lower                
UNH : +5.44% ;  JPM : +4.58% ;  AXP : +4.40%            
                      
SP500 Leaders:                        
469 closing higher  and  32 closing Lower                
C : +13.23% ;  STT : +9.74% ;  NFLX : +8.20%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   54                   
NFLX, FTNT, MRNA, PANW, MU, AZN, DXCM, CMCSA, ISRG, ALGN, SNPS, ADI, CRWD, FISV, LULU, AMZN, NXPI, CPRT, MCHP, VRTX, COST, VRSN, CDNS, SBUX, ODFL, QCOM, TXN, CHTR, SWKS, VRSK, ATVI, REGN, SGEN, ORLY, ADP, ROST, BIIB, GILD, OKTA, AMGN, TMUS, AAPL, IDXX, AEP, SIRI, XEL, TSLA, KDP, CTAS, PEP, DLTR, MNST, KHC, LCID
                      
Stocks to watch on    Monday                   
                      
 Nasdaq100  xsing above30   = 20                  
  NFLX, FTNT, PANW, MU, CMCSA, ISRG, ALGN, SNPS, CRWD, FISV, LULU, AMZN, NXPI, MCHP, ODFL, ATVI, ADP, OKTA, AEP, XEL         
                      
 Nasdaq100  xsing below30  = 0                  
                      
                      
                      
MACD Crossover:                      
Up   8                   
NFLX, SPLK, MELI, WBA, ADSK, AMZN, WDAY, SBUX                   
                      
Down   3                   
MRNA, MNST, CEG                      
                      

Thursday, July 14, 2022

 Futures to Watch - Daily Setups                 
/CL[K22]   $96.47 ( 0.17 / +0.18% ) ; Setup:   Support Bounce         
/GC[M22]   $1,708.00 ( -27.5 / -1.58% ) ; Setup:   Bearish HBO         
/ES[M22]   $3,796.00 ( -8.5 / -0.22% ) ; Setup:   Bearish HBO         
/NQ[M22]   $11,807.25 ( 45 / +0.38% ) ; Setup:   Bear Flag         
                   
                   
                   
SPY Market Forecast   30.04 Bearish pointing down in the middle zone            
   0.88   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:     QQQ +0.36% ;               
Down:        SPY -0.24% ; DIA -0.44% ; IWM -1.03%       
                   
  TLT -0.82% at 115.49              
  VIX -1.57% at 26.4              
                   
SPY   : bearish   below 30ds SMA            
QQQ   : bearish   below 30ds SMA            
DIA   : bearish   below 30ds SMA            
IWM   : bearish   below 30ds SMA            
                   
                   
Sectors                   
  2 sectors closed higher led by  XLK +0.92%  and  XLP +0.08%    Lower =  8      
  1            closing above 30d. SMA  and 10   closing below.
                   
XLK leaders     :    XLNX, QCOM, NXPI             
XLP leaders     :    COST, STZ, WMT, LW             
XLU leaders     :    EXC, SO, SRE, ES              
                   
Uptrend                   
Sideways  XLE                 
Downtrend  XLK, XLP, XLU, XLY, XLV, XLI, XLRE, XLC, XLB, XLF              
                   
                   
Breath:                   
NYSE Weakened  as  Decliners led  860   to   2366 and  Nasdaq   Weakened   as  Decliners led 1461   to   3090   
                   
                   
NDX Leaders:                     
49 closing higher  and  53 closing Lower             
QCOM : +4.62% ;  COST : +4.01% ;  NXPI : +3.10%         
                   
DJIA Leaders:                     
11 closing higher  and  19 closing Lower             
BA : +2.22% ;  AAPL : +2.05% ;  WMT : +1.95%         
                   
SP500 Leaders:                     
149 closing higher  and  353 closing Lower             
QCOM : +4.62% ;  COST : +4.01% ;  NXPI : +3.10%         
                   
NASDAQ 100                   
                   
Nasdaq Above 30MA    =   34                
QCOM, COST, LCID, ADI, CTAS, TXN, AAPL, DLTR, CPRT, SWKS, ORLY, MNST, SIRI, ROST, IDXX, VRSK, CHTR, TMUS, TSLA, PEP, CDNS, SBUX, DXCM, KDP, BIIB, REGN, AMGN, SGEN, VRSN, VRTX, GILD, KHC, AZN, MRNA
                   
Stocks to watch on    Friday                
                   
 Nasdaq100  xsing above30   = 5               
  ADI, TXN, SWKS, ROST, CHTR               
                   
 Nasdaq100  xsing below30  = 6               
  CRWD, MDLZ, FTNT, CEG, OKTA, TEAM               
                   
                   
MACD Crossover:                   
Up   0                
                   
                   
Down   12                
CDNS, AMZN, DXCM, ADSK, MELI, BIIB, GILD, WDAY, MDLZ, AZN, SPLK, FTNT              
                   

Friday, July 08, 2022

 Futures to Watch - Daily Setups                 
/CL[K22]   $104.80 ( 2.07 / +2.01% ) ; Setup:   Bear Flag         
/GC[M22]   $1,740.90 ( 1.2 / +0.07% ) ; Setup:   Bear Flag         
/ES[M22]   $3,905.50 ( 0.5 / +0.01% ) ; Setup:   HBO          
/NQ[M22]   $12,160.25 ( 21.75 / +0.18% ) ; Setup:   HBO          
                   
                   
                   
SPY Market Forecast   40.98 Bearish pointing down in the middle zone            
   0.83   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 UP                
                   
Indices                   
UP:     QQQ +0.13% ;               
Down:        IWM -0.01% ; SPY -0.08% ; DIA -0.16%       
                   
  TLT -1.11% at 112.5              
  VIX -5.52% at 24.64              
                   
SPY   : bearish   below 30ds SMA            
QQQ   : Sideways   above 30ds SMA            
DIA   : bearish   below 30ds SMA            
IWM   : bearish   below 30ds SMA            
                   
                   
Sectors                   
  3 sectors closed higher led by  XLV +0.30%  and  XLK +0.05%    Lower =  8      
  4            closing above 30d. SMA  and 7   closing below.
                   
XLV leaders     :    CERN, CNC, MCK              
XLK leaders     :    XLNX, ENPH, SEDG              
XLY leaders     :    TSLA, UAA, PHM, UA             
                   
Uptrend                   
Sideways  XLE                 
Downtrend  XLV, XLK, XLY, XLP, XLF, XLU, XLI, XLRE, XLC, XLB              
                   
                   
Breath:                   
NYSE Weakened  as  Decliners led  1497   to   1709 and  Nasdaq   Strengthened  as  Decliners led 2497   to   2060   
                   
                   
NDX Leaders:                     
55 closing higher  and  47 closing Lower             
NTES : +2.67% ;  TSLA : +2.54% ;  REGN : +2.32%         
                   
DJIA Leaders:                     
9 closing higher  and  21 closing Lower             
UNH : +0.83% ;  AXP : +0.52% ;  AAPL : +0.47%         
                   
SP500 Leaders:                     
160 closing higher  and  339 closing Lower             
ENPH : +4.65% ;  CNC : +3.23% ;  MCK : +3.10%         
                   
NASDAQ 100                   
                   
Nasdaq Above 30MA    =   56                
TSLA, REGN, MRNA, FTNT, PANW, COST, QCOM, SIRI, LULU, LCID, PEP, KHC, ALGN, GOOG, DDOG, MNST, GOOGL, AAPL, AMGN, BIIB, ADP, OKTA, GILD, TEAM, CDNS, KDP, MDLZ, CRWD, AZN, SBUX, ISRG, CTAS, VRTX, VRSK, VRSN, ODFL, MSFT, SGEN, ZS, TMUS, CPRT, ORLY, SNPS, ATVI, AMZN, ZM, DXCM, DLTR, SPLK, INTU, IDXX, ANSS, NFLX, BIDU, JD, PDD
                   
Stocks to watch on    Monday                
                   
 Nasdaq100  xsing above30   = 2               
  REGN, ISRG                
                   
 Nasdaq100  xsing below30  = 1               
  MELI                 
                   
                   
MACD Crossover:                   
Up   1                
LRCX                   
                   
Down   0                
                   
                   

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)       ...