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                
                   
                   

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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)       ...