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                      
                      

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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)       ...