Create a new file with 1280x1024 px and 72 dpi. Apply this instrument
to represent the primary layer of the picture to be:
Blending Options-Gradient Overlay
Gradient's parameters:
Select now the next tool
to draw an optical effect of object's reflection, having white color.
Fill 0% on the layers.
Make two copies of the new layer and select Free Transform option to make the copies smaller a little:
Create a new layer and choose a brush of big size with blurred edges and white color to draw a kind of flare on the layer:
Choose the next tool
to create this time the sphere's shadow, colored in 386A9C.
Blending Options-Outer Glow
Blending Options-Inner Glow
Blending Options-Color Overlay
Select the previous instrument
to represent the primary sphere's layer:
Fill 0% on the layers:
Blending Options-Inner Glow
Blending Options-Gradient Overlay
Gradient's parameters:
Using the already known instrument
, represent a layer reserved for shadow's smooth appearing, colored in 313F58, having the same sizes the shadow has.
More Tutorials: 
