Friday, July 01, 2022

 Futures to Watch - Daily Setups                   
/CL[K22]   $108.35 ( 2.59 / +2.45% ) ; Setup:   Channel            
/GC[M22]   $1,809.90 ( 2.6 / +0.14% ) ; Setup:   Channel            
/ES[M22]   $3,827.00 ( 37.5 / +0.99% ) ; Setup:   Channel            
/NQ[M22]   $11,613.00 ( 83.5 / +0.72% ) ; Setup:   Channel            
                     
                     
                     
SPY Market Forecast   35.18 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 SIDEWAYS                  
  3-days SIDEWAYS                  
                     
Indices                     
UP:     IWM +1.21% ; SPY +1.06% ; DIA +0.98% ; QQQ +0.66%         
Down:                        
                     
  TLT +0.83% at 115.82                
  VIX -7.00% at 26.7                
                     
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  XLU +2.45%  and  XLY +1.84%    Lower =  0        
  3            closing above 30d. SMA  and 8   closing below.  
                     
XLU leaders     :    NEE, ES, AWK, CNP                
XLY leaders     :    ETSY, PHM, DHI, LEN               
XLRE leaders     :    SBAC, VNO, CBRE, O               
                     
Uptrend                     
Sideways  XLE                   
Downtrend  XLU, XLY, XLRE, XLP, XLF, XLV, XLC, XLI, XLB, XLK                
                     
                     
Breath:                     
NYSE Strengthened  as  Advancers led  2414   to   807 and  Nasdaq   Strengthened  as  Advancers led 2801   to   1751     
                     
                     
NDX Leaders:                       
76 closing higher  and  26 closing Lower               
DOCU : +6.69% ;  CRWD : +6.34% ;  OKTA : +6.17%           
                     
DJIA Leaders:                       
24 closing higher  and  6 closing Lower               
MCD : +2.46% ;  KO : +2.34% ;  BA : +2.28%           
                     
SP500 Leaders:                       
430 closing higher  and  72 closing Lower               
ETSY : +9.02% ;  PHM : +6.54% ;  WBD : +6.18%           
                     
NASDAQ 100                     
                     
Nasdaq Above 30MA    =   38                  
AEP, AMGN, ATVI, AZN, BIDU, BIIB, CHTR, COST, CRWD, CTAS, DDOG, DLTR, DXCM, EXC, GILD, JD, KDP, KHC, MDLZ, MNST, MRNA, ODFL, OKTA, ORLY, PANW, PDD, PEP, SBUX, SGEN, SIRI, TEAM, TMUS, VRSK, VRSN, VRTX, XEL, ZM, ZS
                     
Stocks to watch on    Monday                  
                     
 Nasdaq100  xsing above30   = 12                 
  AEP, AMGN, CHTR, CTAS, DDOG, EXC, GILD, PANW, SIRI, VRSN, XEL, ZS              
                     
 Nasdaq100  xsing below30  = 0                 
                     
                     
                     
MACD Crossover:                     
Up   1                  
MAR                     
                     
Down   8                  
ADI, AMAT, ASML, GOOG, GOOGL, KLAC, LRCX, MCHP                  
                     

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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)       ...