Friday, August 19, 2022

SPY, QQQ and IWM crossing below 10ds SMA and Market Forecast is pointing down - Defensive. TIGHT STOPS. All sectors closed down with the exception of Healthcare (XLV)

                      
Futures to Watch - Daily Setups                   
/ES[M22]   $4,228.50 ( -58 / -1.35% ) ; Setup:   BF            
/GC[M22]   $1,760.30 ( -10.9 / -0.62% ) ; Setup:   CHANNEL           
/NQ[M22]   $13,250.00 ( -273.3 / -2.02% ) ; Setup:   BF            
/CL[K22]   $89.62 ( -0.49 / -0.54% ) ; Setup:   CHANNEL           
                     
                     
                     
SPY Market Forecast   93.04 Defensive pointing down in the upper zone              
   0.79   PCALL - 10 day SMA (0.75 - 1.00)              
                     
SPY INTERMEDIATE TERM:  Uptrend- Price above 30 &10 Wk SMA                
  6-months DOWN                  
  10-days UP                  
  3-days DOWN                  
                     
Indices                     
UP:                        
Down:     DIA -0.85% ; SPY -1.34% ; QQQ -1.95% ; IWM -2.15%         
                     
  TLT -1.61% at 113.04                
  VIX +5.32% at 20.6                
                     
SPY   : Up    above 30ds SMA - crossing below 10ds SMA           
QQQ   : Up    above 30ds SMA - crossing below 10ds SMA           
DIA   : Up    above 30ds SMA              
IWM   : Up    above 30ds SMA - crossing below 10ds SMA           
                     
                     
Sectors                     
  1 sectors closed higher led by  XLV +0.27%  and  XLE -0.03%    Lower =  10        
  11            closing above 30d. SMA  and 0   closing below.  
                     
XLV leaders     :    CERN, DVA, LLY                
XLE leaders     :    OXY, DVN, BKR, FANG               
XLU leaders     :    ETR, AEE, CMS, DUK               
                     
Uptrend  XLV, XLE, XLU, XLP, XLI, XLK, XLY                 
Sideways  XLRE, XLC, XLB, XLF                  
Downtrend                     
                     
                     
Breath:                     
NYSE Weakened  as  Decliners led  465   to   2713 and  Nasdaq   Weakened   as  Decliners led 1004   to   3544     
                     
                     
NDX Leaders:                       
9 closing higher  and  93 closing Lower               
VRTX : +1.61% ;  SGEN : +1.53% ;  AZN : +1.01%           
                     
DJIA Leaders:                       
6 closing higher  and  24 closing Lower               
JNJ : +1.52% ;  MRK : +0.74% ;  UNH : +0.57%           
                     
SP500 Leaders:                       
83 closing higher  and  420 closing Lower               
OXY : +9.88% ;  WBD : +4.09% ;  DVA : +3.98%           
                     
NASDAQ 100                     
                     
Nasdaq Above 30MA    =   77                  
VRTX, AZN, KHC, AEP, AMGN, GILD, ORLY, XEL, PEP, KDP, ATVI, DLTR, MDLZ, TMUS, EXC, ADP, PAYX, CTSH, PANW, CTAS, CEG, FISV, REGN, FAST, HON, ROST, TXN, COST, ADI, PCAR, NXPI, CSCO, MSFT, CDNS, EA, AAPL, CSX, NFLX, VRSK, CPRT, AVGO, SBUX, TSLA, ODFL, MAR, GOOG, SPLK, VRSN, GOOGL, QCOM, MCHP, MRVL, KLAC, SWKS, CRWD, BKNG, ADSK, SNPS, DXCM, ASML, WDAY, AMZN, INTU, ANSS, EBAY, ADBE, LULU, PYPL, AMAT, DDOG, AMD, NVDA, TEAM, ZS, LRCX, ABNB, MELI
                     
Stocks to watch on    Monday                  
                     
 Nasdaq100  xsing above30   = 0                 
                     
                     
 Nasdaq100  xsing below30  = 8                 
  BIIB, ISRG, ILMN, META, MU, ALGN, OKTA, DOCU               
                     
                     
MACD Crossover:                     
Up   0                  
                     
                     
Down   21                  
ORLY, KDP, ADP, CTSH, CHTR, PANW, CEG, REGN, HON, EA, AAPL, GOOG, PDD, VRSN, GOOGL, WDAY, LULU, META, TEAM, ZS, LCID           
                     

No comments:

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)       ...