SPY new all times highs. Market Forecast is bullish. Sectors mixed with Energy (XLE) leading to the upside and with Consumer Staples (XLP) crossing once again below the 30ds SMA.

TSLA Negative and IBM Positive reaction to earnings after the market closed.

 

SPY Market Forecast   94.52 Bullish pointing up in the upper zone                 
   0.83   PCALL - 10 day SMA (0.75 - 1.00)               
                      
SPY INTERMEDIATE TERM:  Uptrend- Price above 30 &10 Wk SMA                 
  6-months UP                   
  10-days UP                   
  3-days SIDEWAYS                   
                      
Indices                      
UP:     QQQ +0.55% ; SPY +0.11% ;               
Down:           DIA -0.25% ; IWM -0.82%          
                      
  TLT -0.59% at 93.35                 
  VIX +4.70% at 13.14                 
                      
                      
Sectors                      
  4 sectors closed higher led by  XLE +1.43%  and  XLK +0.69%    Lower =  7         
  5           sectors closing above 30d. SMA  and 6   closing below.   
                      
XLE leaders     :    SLB, HES, CVX, PSX                 
XLK leaders     :    ASML, SAP, TEL                 
XLC leaders     :    NFLX, BIDU, SE, NTES                 
                      
Uptrend  XLK, XLC, XLF, XLY, XLI, XLV, XLP, XLB, XLRE                 
Sideways  XLE, XLU                   
Downtrend                      
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led           1,237    to               1,546  and  Nasdaq   Weakened   as  Decliners led            1,865    to            2,478       
                      
FANGT Stocks                      
UP:     NFLX ; NVDA ; META ; GOOGL ; MSFT ; AMZN ;         
Down:                 AAPL ; TSLA      
                      
                      
NDX Leaders:                        
35 closing higher  and  66 closing Lower                
NFLX : +10.70% ;  ASML : +8.85% ;  AMD : +5.86%            
                      
DJIA Leaders:                        
10 closing higher  and  19 closing Lower                
CVX : +1.99% ;  BA : +1.24% ;  MSFT : +0.92%            
                      
SP500 Leaders:                        
142 closing higher  and  357 closing Lower                
NFLX : +10.70% ;  TXT : +7.84% ;  TEL : +6.67%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   72                   
NFLX, ASML, AMD, AMAT, KLAC, FTNT, NVDA, MRVL, AVGO, LRCX, ADBE, WDAY, META, DASH, GOOGL, GOOG, CRWD, MSFT, CDW, MU, QCOM, AMZN, TTWO, INTC, VRSK, MAR, DXCM, ILMN, BKNG, MELI, INTU, CCEP, ADSK, SPLK, ROST, COST, PCAR, CTSH, CDNS, MDB, GFS, CMCSA, AAPL, ISRG, SIRI, ZS, MDLZ, REGN, ANSS, ORLY, PAYX, ABNB, MRNA, ADP, CSCO, ROP, EA, CTAS, FAST, NXPI, TMUS, PANW, AMGN, ADI, SNPS, MCHP, CPRT, TEAM, TXN, PYPL, VRTX
                      
Stocks to watch on    Thursday                   
                      
 Nasdaq100  xsing above30   = 0                  
                      
                      
 Nasdaq100  xsing below30  = 4                  
  ODFL, CSX, CHTR, CEG                   
                      
                      
MACD Crossover:                      
Up   1                   
FANG                      
                      
Down   2                   
TEAM, BKR