Tuesday, September 29, 2020

All indices closed slightly lower. All sectors closed lower except for XLC.

 
                    
SPY Market Forecast 20.82 Short-term bullish    pointing up in the middle  zone          
   0.68   PCALL - 10 day SMA (0.75 - 1.00)             
   129.26   SKEW (120 - 135)               
                    
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA               
  6-months UP                 
  10-days Down                 
  3-days Down                 
                    
Indices                    
  IWM -0.45% ; QQQ -0.45% ;  SPY -0.54% ; DIA -0.54%        
  TLT +0.12% at 164.84               
  VIX +0.31% at 26.27               
                    
Sectors                    
  1 sectors closed higher led by  XLC +0.10%  and  XLU -0.03%    Lower =  10       
  0            closing above 30d. SMA  and 11   closing below.
                    
XLC leaders     :    FB, NFLX, GOOGL, GOOG              
XLU leaders     :    D, ES, AEP, WEC               
XLV leaders     :    TMO, ABT, AMGN, BMY              
                    
Uptrend XLB, XLI                 
Sideways XLC, XLU, XLV, XLK, XLRE, XLP, XLY, XLF                
Downtrend XLE                  
                    
                    
Breath:                    
NYSE Weakened  as  Decliners led  1115   to   1901 and  Nasdaq   Weakened  as  Decliners led 1657   to   1797    
                    
                    
NDX Leaders:                     
34 closing higher  and  69 closing Lower              
AMD : +2.88% ;  MU : +1.99% ;  FB : +1.94%          
                    
DJIA Leaders:                     
4 closing higher  and  26 closing Lower              
NKE : +1.63% ;  AMGN : +0.51% ;  CRM : +0.32%          
                    
SP500 Leaders:                     
129 closing higher  and  375 closing Lower              
PAYC : +4.47% ;  HAS : +3.82% ;  DXC : +3.57%          
                    
NASDAQ 100                   
                    
Nasdaq Above 30MA    =  48                 
AMD, MU, WDC, NVDA, CDW, PYPL, VRTX, NTAP, ASML, COST, AMGN, LRCX, SWKS, SGEN, WDAY, ADBE, ADP, BIIB, KLAC, CSGP, VRSK, SNPS, XLNX, FOXA, MXIM, CHTR, FOX, TXN, IDXX, ADI, CPRT, FISV, CTSH, PCAR, INTC, TSLA, PAYX, PEP, ALXN, AVGO, ALGN, QCOM, CMCSA, SBUX, CTAS, CSX, TCOM, ZM
                    
Stocks to watch on  Wednesday                 
Nasdaq100  xsing above30   = 5                 
AMD, PYPL, VRTX, NTAP, KLAC                 
                    
Nasdaq100  xsing below30  = 9                 
DOCU, CERN, INTU, TMUS, ROST, ATVI, TTWO, EBAY, BIDU               
                    
                    
MACD Crossover:                  
Up   10                 
MU, FB, NTAP, AMGN, GOOGL, GOOG, LBTYA, LBTYK, CHTR, MNST              
                    
Down   1                 
ZM                    

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