Monday, October 19, 2020

All sectors closed down at the beginning for earning season.

                   
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SPY Market Forecast 72.25 Short-term bearish  pointing down in the middle  zone         
   0.58   PCALL - 10 day SMA (0.75 - 1.00)            
   124.75   SKEW (120 - 135)              
                   
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA              
  6-months UP                
  10-days UP                
  3-days DOWN                
                   
Indices                   
  IWM -1.19% ; DIA -1.38% ;  SPY -1.52% ; QQQ -1.63%       
  TLT -0.38% at 160.78              
  VIX +6.46% at 29.18              
                   
Sectors                   
  0 sectors closed higher led by  XLU -0.84%  and  XLB -1.16%    Lower =  11      
  8            closing above 30d. SMA  and 3   closing below.
                   
XLU leaders     :    SRE, AEP, DUK, ES              
XLB leaders     :    BLL, DOW, DD, APD             
XLY leaders     :    NKE, TGT, BKNG, SBUX             
                   
Uptrend XLB, XLI                
Sideways XLU, XLY, XLP, XLF, XLV, XLRE, XLC, XLK               
Downtrend XLE                 
                   
                   
Breath:                   
NYSE Weakened  as  Decliners led  828   to   2217 and  Nasdaq   Weakened  as  Decliners led 1049   to   2405   
                   
                   
NDX Leaders:                    
12 closing higher  and  91 closing Lower             
WDC : +7.85% ;  MU : +1.98% ;  NTAP : +1.80%         
                   
DJIA Leaders:                    
1 closing higher  and  29 closing Lower             
INTC : +0.78% ;  BA : -0.14% ;  GS : -0.25%         
                   
SP500 Leaders:                    
46 closing higher  and  453 closing Lower             
#REF! : #REF! ;  ETFC : N/A ;  WDC : +7.85%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  77                
WDC, MU, NTAP, ZM, PCAR, MELI, INTC, MCHP, SPLK, ADSK, NFLX, CHKP, LRCX, ASML, QCOM, EXC, DLTR, NXPI, ATVI, ORLY, AVGO, KLAC, WDAY, ADI, BIDU, SNPS, SBUX, MXIM, IDXX, JD, WBA, KHC, SWKS, CSX, CDW, SGEN, MDLZ, XLNX, AMD, PEP, AMAT, ADBE, TXN, ILMN, EA, COST, CTSH, TTWO, CPRT, INTU, CDNS, DXCM, SIRI, ALXN, XEL, AMZN, TSLA, CTAS, VRSK, PYPL, PAYX, ISRG, ADP, NVDA, GOOGL, BMRN, GOOG, MSFT, AAPL, DOCU, EBAY, ULTA, REGN, ALGN, CERN, ANSS, LULU
                   
Stocks to watch on  Tuesday                
Nasdaq100  xsing above30   = 0                
                   
                   
Nasdaq100  xsing below30  = 0                
                   
                   
                   
MACD Crossover:                 
Up   0                
                   
                   
Down   26                
NFLX, ASML, NXPI, AVGO, KLAC, WDAY, NTES, CDW, AMAT, ADBE, ILMN, CTSH, FB, INTU, ALXN, XEL, AMZN, TSLA, VRSN, CTAS, PAYX, ADP, GILD, CTXS, REGN, MAR   
                   
                   
SETUPS                  
BF  : NVDA, CDNS, CTAS, QCOM, SNPS, COST, DE, BIDU, BIG, CRWD, DG, IWM, MCD, UNH, TGT, SQ         
HBO  : CPRT, MU, ADSK, CRM, DLTR, EA, HD, NKE              
2T  :                  
MACD  :                  
CHANNEL  : ADBE, SPLK, PEP, ADI, TMUS, VRSK, DOCU, AMAT, INCY, MCHP, ACN, AU, BAC, BKNG, CSCO, CVS, DDOG, DIA, FAS, FAST, GDXJ, GOLD, JD, JPM, MNST, MS, SPY, NTAP, QQQ, TLT, WMT, ORCL
BEAR  : C, NTES, NKLA, XLE                
NH  : MELI, BBY                
EPS  : AAPL, AMZN, INTC, MSFT, PYPL, SBUX, ALGN, CHKP, CHTR, CTSH, CTXS, FISV, SWKS, MXIM, PCAR, XLNX, TSLA, EBAY, TXN, LRCX, AMGN, ATVI, CAT, AKAM, AMD, AXP, BA, BABA, BMRN, BYND, CARR, CSX, FB, GILD, GOOGL, IBKR, ILMN, KHC, KLAC, MMM, TWTR, V, NFLX, SHOP, TAL, TWLO, NXPI, ZION
                   

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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)       ...