SPY Market Forecast 82.93 Defensive pointing down in the upper zone
0.75 PCALL - 10 day SMA (0.75 - 1.00)
SPY INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA
6-months UP
10-days SIDEWAYS
3-days DOWN
Indices
UP:
Down: IWM -1.00% ; SPY -1.22% ; DIA -1.34% ; QQQ -1.53%
TLT +0.72% at 92.68
VIX +14.10% at 16.35
Sectors
0 sectors closed higher led
by XLE -0.06% and XLU
-0.20%
Lower = 11
6 sectors closing above 30d. SMA and 5 closing below.
XLE leaders : CNQ, MPC, TTE, XOM
XLU leaders : DNNGY, NEE, AES, AWK
XLP leaders : CAG, CELH, TSN, WBA
Uptrend XLE, XLI, XLB, XLF, XLC, XLV, XLK
Sideways XLU, XLP, XLRE, XLY
Downtrend
Breath:
NYSE Weakened as Decliners
led 971 to 1,819 and Nasdaq Weakened
as Decliners
led 1,604 to 2,617
FANGT Stocks
UP: TSLA ; META ;
Down: AAPL ; MSFT ; AMZN ; NFLX
; GOOGL ; NVDA
NDX Leaders:
11 closing higher and 89 closing Lower
SPLK : N/A ; WBA : +2.59% ; TSLA : +1.62%
DJIA Leaders:
3 closing higher and 27 closing Lower
WBA : +2.59% ; CVX : +0.16% ; WMT : +0.12%
SP500 Leaders:
72 closing higher and 427 closing Lower
CAG : +5.44% ; MKTX : +4.58% ; CF : +3.57%
NASDAQ 100
Nasdaq Above 30MA = 32
META, AZN, BKR, PCAR, EXC,
PEP, KHC, AEP, XEL, MSFT, ODFL, KDP, FANG, PYPL, CDW, AMZN, TTWO, ANSS, CSGP,
NFLX, CTAS, QCOM, TTD, GOOG, GOOGL, CPRT, FTNT, DASH, MU, AVGO, DXCM, CEG
Stocks to watch on Friday
Nasdaq100 xsing above30 = 0
Nasdaq100 xsing below30 = 17
MAR, TMUS, TXN, CDNS,
FAST, ADI, AMAT, SNPS, MCHP, LRCX, ASML, ORLY, MRVL, BKNG, WBD, NVDA, KLAC
MACD Crossover:
Up 2
META, AZN
Down 13
EXC, PAYX, AMZN, GFS, ADP,
ADI, ADBE, AMGN, QCOM, LRCX, TTD, BKNG, CEG
0.75 PCALL - 10 day SMA (0.75 - 1.00)
SPY INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA
Indices
TLT +0.72% at 92.68
Sectors
XLE leaders : CNQ, MPC, TTE, XOM
Uptrend XLE, XLI, XLB, XLF, XLC, XLV, XLK
Breath:
FANGT Stocks
NDX Leaders:
DJIA Leaders:
SP500 Leaders:
NASDAQ 100
Nasdaq Above 30MA = 32
Stocks to watch on Friday
Nasdaq100 xsing above30 = 0
Nasdaq100 xsing below30 = 17
MACD Crossover:
Down 13
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