Friday, October 16, 2020

Closing down still bullish in the short term

                   
SPY Market Forecast 76.02 Short-term bullish    pointing up in the middle  zone         
   0.58   PCALL - 10 day SMA (0.75 - 1.00)            
   123.7   SKEW (120 - 135)              
                   
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA              
  6-months UP                
  10-days UP                
  3-days DOWN                
                   
Indices                   
  DIA +0.37% ; SPY -0.06% ;  IWM -0.25% ; QQQ -0.55%       
  TLT -0.28% at 161.39              
  VIX +1.63% at 27.41              
                   
Sectors                   
  7 sectors closed higher led by  XLU +1.07%  and  XLV +0.99%    Lower =  4      
  10            closing above 30d. SMA  and 1   closing below.
                   
XLU leaders     :    NEE, AEP, EXC, WEC             
XLV leaders     :    PFE, ABT, UNH, BMY             
XLI leaders     :    GE, CAT, RTX, BA              
                   
Uptrend XLI, XLB                
Sideways XLU, XLV, XLF, XLP, XLC, XLK, XLRE, XLY               
Downtrend XLE                 
                   
                   
Breath:                   
NYSE Weakened  as  Decliners led  1249   to   1787 and  Nasdaq   Weakened  as  Decliners led 1673   to   1799   
                   
                   
NDX Leaders:                    
51 closing higher  and  50 closing Lower             
ZM : +4.21% ;  ADSK : +3.15% ;  REGN : +2.49%         
                   
DJIA Leaders:                    
20 closing higher  and  9 closing Lower             
CAT : +2.25% ;  BA : +1.89% ;  UNH : +1.64%         
                   
SP500 Leaders:                    
263 closing higher  and  234 closing Lower             
ETFC : N/A ;  GE : +6.11%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  93                
ZM, ADSK, REGN, BMRN, ALXN, EXC, JD, ISRG, FAST, DXCM, COST, XEL, ULTA, WDAY, CERN, MELI, CMCSA, SPLK, GOOG, PCAR, GOOGL, ILMN, EBAY, ADP, PYPL, CDW, INTC, PAYX, CSCO, EA, TXN, QCOM, ATVI, ADBE, NXPI, BIDU, IDXX, VRSK, NTAP, PEP, TTWO, INCY, ASML, AMD, CTAS, MSFT, SIRI, ALGN, SWKS, WDC, XLNX, BIIB, CDNS, INTU, ADI, TMUS, FB, AVGO, SBUX, CPRT, KHC, CHTR, CTXS, MCHP, CTSH, ORLY, ANSS, FISV, VRSN, WBA, MDLZ, MU, SNPS, MNST, CSGP, MXIM, AMAT, CHKP, LBTYK, DLTR, LULU, LBTYA, ROST, NVDA, CSX, AAPL, SGEN, AMZN, TSLA, NFLX, KLAC, DOCU, LRCX
                   
Stocks to watch on  Monday                
Nasdaq100  xsing above30   = 2                
FAST, CMCSA                  
                   
Nasdaq100  xsing below30  = 0                
                   
                   
                   
MACD Crossover:                 
Up   0                
                   
                   
Down   7                
INCY, SWKS, TMUS, SBUX, CHTR, NVDA, BKNG               
                   
                   
SETUPS                  
BF  : CTAS, QCOM, SWKS, ADI, TMUS, VRSK, DOCU, AMAT, DE, ACN, BIDU, CRWD, DDOG, DG, DIA, DLTR, IWM, NKE, SPY, TGT, QQQ, SQ, WMT    
HBO  : CPRT, SNPS, COST, MELI, ADSK, CSCO, EA, HD, UNH, XLE             
2T  : BIG                 
MACD  :                  
CHANNEL  : ADBE, NVDA, SPLK, PEP, INCY, MCHP, MU, AU, BAC, BKNG, CRM, CVS, FAS, FAST, GDXJ, GOLD, JD, JPM, MNST, MS, NKLA, NTAP, TLT, ORCL    
BEAR  : C, NTES                
NH  : BBY, MCD                
EPS  : AAPL, AMZN, INTC, MSFT, PYPL, SBUX, ALGN, CDNS, CHKP, CHTR, CTSH, CTXS, FISV, 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
                   
 

No comments:

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)       ...