Wednesday, October 28, 2020

Down day. Just very down!!!

                    
SPY Market Forecast 55.9 Short-term bearish  pointing down in the middle  zone          
   0.66   PCALL - 10 day SMA (0.75 - 1.00)             
   127.58   SKEW (120 - 135)               
                    
INTERMEDIATE TERM: Sideways- Price in between 30 &10 Wk SMA              
  6-months UP                 
  10-days DOWN                 
  3-days DOWN                 
                    
Indices                    
  IWM -3.08% ; DIA -3.34% ;  SPY -3.42% ; QQQ -3.90%        
  TLT +0.09% at 160.7               
  VIX +20.78% at 40.28               
                    
Sectors                    
  0 sectors closed higher led by  XLRE -2.22%  and  XLF -2.56%    Lower =  11       
  1            closing above 30d. SMA  and 10   closing below.
                    
XLRE leaders     :    DLR, PSA, PLD, SPG               
XLF leaders     :    SPGI, BAC, C, BLK               
XLB leaders     :    SHW, CTVA, PPG, ECL              
                    
Uptrend XLB, XLI                 
Sideways XLRE, XLF, XLU, XLP, XLY, XLV, XLC, XLK                
Downtrend XLE                  
                    
                    
Breath:                    
NYSE Weakened  as  Decliners led  268   to   2834 and  Nasdaq   Weakened  as  Decliners led 468   to   3059    
                    
                    
NDX Leaders:                     
1 closing higher  and  102 closing Lower              
ADP : +6.20% ;  TCOM : -0.54% ;  NFLX : -0.55%          
                    
DJIA Leaders:                     
1 closing higher  and  29 closing Lower              
TRV : +2.02% ;  MMM : -1.55% ;  VZ : -1.86%          
                    
SP500 Leaders:                     
15 closing higher  and  487 closing Lower              
CTL : N/A ;  NBL : N/A ;  ADP : +6.20%          
                    
NASDAQ 100                   
                    
Nasdaq Above 30MA    =  20                 
ADP, ALGN, BIDU, COST, EBAY, EXC, FB, GOOG, GOOGL, IDXX, JD, MELI, QCOM, SGEN, SIRI, SNPS, SPLK, WDC, XLNX, ZM         
                    
Stocks to watch on  Thursday                 
Nasdaq100  xsing above30   = 0                 
                    
                    
Nasdaq100  xsing below30  = 36                 
AAPL, ADI, ADSK, ALXN, AMZN, ATVI, CDNS, CDW, CERN, CPRT, CTSH, DLTR, DOCU, EXPE, ILMN, INTU, ISRG, KLAC, LRCX, LULU, MCHP, MNST, MSFT, MU, MXIM, NVDA, NXPI, PAYX, PCAR, PEP, PYPL, REGN, SBUX, TTWO, TXN, XEL
                    
                    
MACD Crossover:                  
Up   1                 
ADP                    
                    
Down   9                 
ATVI, BIDU, BKNG, DXCM, EXPE, GOOG, GOOGL, IDXX, WDC               
                    

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)       ...