Tuesday, October 20, 2020

All indices up

                   
SPY Market Forecast 70.45 Short-term bearish  pointing down in the middle  zone         
   0.58   PCALL - 10 day SMA (0.75 - 1.00)            
   125.31   SKEW (120 - 135)              
                   
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA              
  6-months UP                
  10-days UP                
  3-days DOWN                
                   
Indices                   
  SPY +0.40% ; DIA +0.33% ;  IWM +0.22% ; QQQ +0.21%       
  TLT -0.95% at 159.25              
  VIX +0.58% at 29.35              
                   
Sectors                   
  10 sectors closed higher led by  XLE +1.18%  and  XLF +0.81%    Lower =  1      
  9            closing above 30d. SMA  and 2   closing below.
                   
XLE leaders     :    VLO, MPC, SLB, WMB             
XLF leaders     :    BAC, BLK, C, WFC              
XLY leaders     :    LOW, BKNG, SBUX, NKE             
                   
Uptrend XLI, XLB                
Sideways XLF, XLY, XLC, XLRE, XLU, XLK, XLV, XLP               
Downtrend XLE                 
                   
                   
Breath:                   
NYSE Strengthened  as  Advancers led  2061   to   949 and  Nasdaq   Strengthened  as  Advancers led 1894   to   1610   
                   
                   
NDX Leaders:                    
59 closing higher  and  43 closing Lower             
MELI : +3.86% ;  JD : +2.43% ;  ALGN : +2.37%         
                   
DJIA Leaders:                    
24 closing higher  and  6 closing Lower             
TRV : +5.61% ;  WBA : +1.41% ;  AAPL : +1.32%         
                   
SP500 Leaders:                    
355 closing higher  and  145 closing Lower             
GM : +6.75% ;  KSS : +6.61% ;  APA : +6.07%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  74                
MELI, JD, ALGN, FB, SPLK, ALXN, MU, CTSH, WBA, GOOG, GOOGL, FAST, CSX, AAPL, EXC, ORLY, SIRI, WDC, NVDA, ADP, SBUX, VRSK, PYPL, SNPS, SWKS, ADI, KHC, BMRN, COST, CTAS, MXIM, BIDU, CERN, DLTR, PAYX, CDW, AMAT, AVGO, AMZN, LBTYK, MSFT, IDXX, TXN, PEP, LRCX, ASML, QCOM, SGEN, ADBE, EBAY, XEL, INTU, CPRT, ILMN, DOCU, MCHP, ISRG, KLAC, AMD, TTWO, PCAR, NXPI, CDNS, NFLX, ADSK, ANSS, ULTA, WDAY, XLNX, NTAP, LULU, INTC, CHKP, ZM
                   
Stocks to watch on  Wednesday                
Nasdaq100  xsing above30   = 0                
                   
                   
Nasdaq100  xsing below30  = 5                
ATVI, MDLZ, DXCM, EA, TSLA                
                   
                   
MACD Crossover:                 
Up   1                
FB                   
                   
Down   18                
AAPL, SIRI, SNPS, CERN, MNST, MSFT, LBTYA, TXN, PEP, LRCX, CPRT, DOCU, MDLZ, MCHP, ISRG, ANSS, ULTA, LULU         
                   
                   
SETUPS                  
BF  : NVDA, CDNS, CPRT, CTAS, QCOM, SNPS, ADI, TXN, DOCU, AMAT, DE, ACN, ADSK, BIDU, CRWD, DDOG, DG, MCD, NKE, TGT, QQQ     
HBO  : SPLK, PCAR, COST, MU, BIG, DLTR, HD, IWM, JD, ZION             
2T  : MELI                 
MACD  :                  
CHANNEL  : AAPL, ADBE, PEP, TMUS, VRSK, INCY, MCHP, AU, BAC, BKNG, CRM, CSCO, CVS, DIA, EA, FAS, FAST, GDXJ, GOLD, IBKR, JPM, MNST, MS, UNH, NFLX, SPY, NKLA, XLE, NTAP, TLT, SQ, WMT, ORCL
BEAR  : C, NTES                
NH  : BBY                 
EPS  : AMZN, INTC, MSFT, PYPL, SBUX, ALGN, CHKP, CHTR, CTSH, CTXS, FISV, SWKS, MXIM, XLNX, TSLA, EBAY, LRCX, AMGN, ATVI, CAT, AKAM, AMD, AXP, BA, BABA, BMRN, BYND, CARR, CSX, FB, GILD, GOOGL, ILMN, KHC, KLAC, MMM, TWTR, V, SHOP, TAL, TWLO, NXPI
                   

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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)       ...