21 May 2020 (Thu)

Daily Digest

Overall Market

Sentiment and News
Unemployment - Unemployment claim worse than expected but there is recovery trend
Flash Manufacturing PMI - Slight better than expected. Improving trend.
Market - No market mover news.

Price Action
SPY - Just broke EMA200. Premarket gap down, trend up. Sideway.
QQQ - In the middle of range. 2.5% more to ATH. Premarket similar to SPY. Sideway.
IWM - Near resistant@135 and EMA100. Premarket similar to SPY. Sideway
VIX - Near EMA200 support@28. High chance will bounce up lead to market sell off.
GLD - Yesterday hit ATH. Now pull back closer to EMA20. 
USOIL - Very good strength trending up steadily.

QQQ Components

11.92 MSFT - Recent 3 days sideway in range of 185. 2.9% more to ATH. 
11.19 AAPL - In the middle of range. 2.6% more to ATH. Similar to QQQ
  9.58 AMZN - Broke ATH@2475
  3.98 FB - Broke ATH and continue gap up due to new feature launch FB Shop.
  3.96 GOOGL - Going to break previous high or form double top@1415.
  2.97 INTC - Very bullish yesterday broke P2@62. Now come back slightly to retest.