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              
                   

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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)       ...