Wednesday, October 21, 2020

Going back down. Range day up and down.

 
                   
SPY Market Forecast 69.41 Short-term bearish  pointing down in the middle  zone         
   0.58   PCALL - 10 day SMA (0.75 - 1.00)            
   124.38   SKEW (120 - 135)              
                   
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA              
  6-months UP                
  10-days Sideways                
  3-days DOWN                
                   
Indices                   
  QQQ -0.08% ; SPY -0.19% ;  DIA -0.35% ; IWM -0.86%       
  TLT -0.35% at 158.7              
  VIX -2.39% at 28.65              
                   
Sectors                   
  2 sectors closed higher led by  XLC +1.68%  and  XLP +0.09%    Lower =  9      
  9            closing above 30d. SMA  and 2   closing below.
                   
XLC leaders     :    FB, GOOG, GOOGL, ATVI             
XLP leaders     :    PM, PG, CL, WMT              
XLK leaders     :    PYPL, MA, V, ADBE              
                   
Uptrend XLB, XLI                
Sideways XLC, XLP, XLK, XLU, XLRE, XLV, XLF, XLY               
Downtrend XLE                 
                   
                   
Breath:                   
NYSE Weakened  as  Decliners led  1045   to   2001 and  Nasdaq   Weakened  as  Decliners led 1275   to   2189   
                   
                   
NDX Leaders:                    
35 closing higher  and  67 closing Lower             
PYPL : +5.50% ;  FB : +4.17% ;  BIDU : +3.66%         
                   
DJIA Leaders:                    
9 closing higher  and  21 closing Lower             
TRV : +5.83% ;  DIS : +1.34% ;  NKE : +0.73%         
                   
SP500 Leaders:                    
177 closing higher  and  321 closing Lower             
CTL : N/A ;  NBL : N/A ;  TWTR : +8.39%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  71                
PYPL, FB, BIDU, GOOG, GOOGL, ATVI, WDC, SIRI, MXIM, ADI, LRCX, VRSN, PCAR, CHKP, NXPI, SNPS, PAYX, ALGN, KLAC, ADBE, QCOM, ADP, INTC, JD, MSFT, TTWO, SPLK, ULTA, XEL, WDAY, PEP, IDXX, COST, SGEN, CERN, AMAT, WBA, SBUX, CPRT, CDW, MU, ASML, INTU, BMRN, AAPL, DLTR, EXC, ISRG, VRSK, CTSH, MCHP, ORLY, ILMN, NVDA, NTAP, AMZN, CDNS, ANSS, ADSK, AVGO, SWKS, CTAS, KHC, CSX, EBAY, MELI, XLNX, TXN, DOCU, ZM, ALXN
                   
Stocks to watch on  Friday                
Nasdaq100  xsing above30   = 0                
                   
                   
Nasdaq100  xsing below30  = 7                
CTXS, REGN, LBTYK, LULU, FAST, AMD, NFLX                
                   
                   
MACD Crossover:                 
Up   1                
NTES                   
                   
Down   15                
CHKP, EA, INTC, TTWO, SPLK, COST, CSCO, BMRN, VRSK, CDNS, LBTYK, CSX, EBAY, XLNX, ZM           
                   

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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)       ...