Friday, September 25, 2020

Turning slightly Bullish. All sectors below 30dma

 
                   
SPY Market Forecast 14.43 Short-term bullish    pointing up in the lower reversal 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                   
  QQQ +2.32% ; SPY +1.62% ;  DIA +1.34% ; IWM +1.62%       
  TLT 0.00% at 165.12              
  VIX -7.47% at 26.38              
                   
Sectors                   
  10 sectors closed higher led by  XLK +2.39%  and  XLRE +1.94%    Lower =  1      
  0            closing above 30d. SMA  and 11   closing below.
                   
XLK leaders     :    NVDA, AAPL, PYPL, ADBE             
XLRE leaders     :    CCI, WELL, SBAC, PLD             
XLU leaders     :    ES, WEC, XEL, EXC              
                   
Uptrend XLI, XLB                
Sideways XLK, XLRE, XLU, XLV, XLC, XLY, XLF, XLP               
Downtrend XLE                 
                   
                   
Breath:                   
NYSE Strengthened  as  Advancers led  2167   to   851 and  Nasdaq   Strengthened  as  Advancers led 2547   to   881   
                   
                   
NDX Leaders:                    
99 closing higher  and  3 closing Lower             
TCOM : +8.65% ;  ZM : +6.78% ;  DXCM : +5.32%         
                   
DJIA Leaders:                    
25 closing higher  and  5 closing Lower             
BA : +6.83% ;  AAPL : +3.75% ;  UNH : +3.36%         
                   
SP500 Leaders:                    
430 closing higher  and  71 closing Lower             
NCLH : +13.67% ;  CCL : +9.68% ;  WRK : +8.32%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  25                
TCOM, ZM, NVDA, FISV, WDAY, IDXX, SGEN, CTAS, CSGP, WDC, PAYX, CPRT, ALXN, CDW, QCOM, CSX, ALGN, CTSH, INTC, SBUX, AVGO, CMCSA, CHTR, BIDU, MU   
                   
Stocks to watch on  Sunday                
Nasdaq100  xsing above30   = 16                
TCOM, NVDA, FISV, SNPS, IDXX, CTAS, CSGP, PAYX, CPRT, CDW, QCOM, ALGN, CTSH, INTC, SBUX, CHTR          
                   
Nasdaq100  xsing below30  = 1                
COST                   
                   
                   
MACD Crossover:                 
Up   13                
SPLK, FISV, SNPS, WDAY, PYPL, CSGP, AMZN, MSFT, SWKS, CTXS, CHKP, CDNS, BIIB            
                   
Down   0                
                   
                   
                   
SETUPS                  
BF  : MSFT, CHTR, SBAC                
HBO  : AAPL, ADBE, AMZN, NVDA, PYPL, ALGN, CDNS, CHKP, CPRT, CTAS, CTSH, FISV, IDXX, SNPS, SPLK, SWKS, TCOM, WDAY, ES, CCI, CSGP, WEC, CDW   
2T  :                  
MACD  :                  
CHANNEL  : INTC, SBUX, CTXS, QCOM, WELL, PLD, XEL, EXC, BIIB             
BEAR  :                  
NH  :                  
EPS  : PAYX                 
                   
 

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SPY touched all times high once again and reversed at close

SPY Market Forecast     94.34 Defensive pointing down in the upper zone                        0.6   PCALL - 10 day SMA (0.75 - 1.00)       ...