Monday, October 12, 2020

The bulls are back in town!!!! Ahead of earnings season.

 
                   
SPY Market Forecast 61.49 Short-term bullish    pointing up in the middle  zone         
   0.61   PCALL - 10 day SMA (0.75 - 1.00)            
   123.94   SKEW (120 - 135)              
                   
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA              
  6-months UP                
  10-days UP                
  3-days Sideways                
                   
Indices                   
  QQQ +3.09% ; SPY +1.61% ;  DIA +0.88% ; IWM +0.67%       
  TLT +0.32% at 160.6              
  VIX +0.28% at 25.07              
                   
Sectors                   
  10 sectors closed higher led by  XLK +2.73%  and  XLC +2.64%    Lower =  1      
  10            closing above 30d. SMA  and 1   closing below.
                   
XLK leaders     :    AAPL, NVDA, MSFT, PYPL             
XLC leaders     :    FB, ATVI, GOOGL, GOOG             
XLY leaders     :    AMZN, BKNG, SBUX, MCD             
                   
Uptrend XLI, XLB                
Sideways XLK, XLC, XLY, XLP, XLF, XLV, XLU, XLRE               
Downtrend XLE                 
                   
                   
Breath:                   
NYSE Strengthened  as  Advancers led  1859   to   1167 and  Nasdaq   Strengthened  as  Advancers led 2162   to   1339   
                   
                   
NDX Leaders:                    
96 closing higher  and  7 closing Lower             
AAPL : +6.35% ;  JD : +5.68% ;  AMZN : +4.75%         
                   
DJIA Leaders:                    
23 closing higher  and  6 closing Lower             
AAPL : +6.35% ;  GS : +3.17% ;  MSFT : +2.59%         
                   
SP500 Leaders:                    
369 closing higher  and  129 closing Lower             
AAPL : +6.35% ;  F : +5.79% ;  TWTR : +5.12%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  99                
AAPL, JD, AMZN, IDXX, FB, CTXS, ILMN, ATVI, GOOGL, GOOG, TTWO, NVDA, ANSS, CDNS, CDW, LBTYK, VRSK, CTAS, DOCU, SNPS, EA, INTU, PEP, TXN, MSFT, ASML, CMCSA, SGEN, CHTR, LBTYA, TMUS, ISRG, MDLZ, MXIM, MNST, ADI, AMAT, VRSN, FAST, ALGN, PYPL, CTSH, DLTR, INCY, LRCX, INTC, EXC, ADSK, CERN, TSLA, COST, ULTA, SWKS, ADBE, KHC, BIIB, VRTX, NTAP, KLAC, CPRT, WBA, MU, AVGO, FISV, BKNG, QCOM, AMD, MAR, CSX, SPLK, MELI, CSCO, CHKP, BMRN, XEL, SIRI, GILD, WDAY, EXPE, BIDU, CSGP, TCOM, SBUX, PAYX, PCAR, WDC, ADP, LULU, NXPI, ROST, MCHP, NFLX, REGN, ALXN, EBAY, ZM, FOX, FOXA, XLNX
                   
Stocks to watch on  Tuesday                
Nasdaq100  xsing above30   = 11                
FB, ATVI, GOOGL, GOOG, TTWO, EA, CMCSA, KHC, MAR, CSCO, GILD             
                   
Nasdaq100  xsing below30  = 0                
                   
                   
                   
MACD Crossover:                 
Up   6                
TTWO, EA, DXCM, ORLY, CSX, NTES                
                   
Down   0                
                   
                   
                   
SETUPS                  
BF  : MCHP, AMD, BYND, CRWD, CVS, DDOG, DG, MCD             
HBO  : NVDA, SNPS, SPLK, ADI, EBAY, VRSK, DOCU, AMAT, INCY, MELI, BBY, DIA, EA, FAS, FB, HD, ILMN, JD, KLAC, MMM, MNST, V, NTES, SHOP, SPY, QQQ, WMT, ORCL
2T  : AAPL, ADBE, CTAS, QCOM, SWKS, ADSK, AKAM, DLTR             
MACD  :                  
CHANNEL  : FISV, PEP, AMGN, ATVI, MU, ACN, AU, BA, BIDU, BIG, BKNG, BMRN, CRM, CSCO, GDXJ, GOLD, KHC, NTAP, TLT       
BEAR  : NKLA, XLE                
NH  : PYPL, SBUX, CHTR, CPRT, CTSH, MXIM, COST, CAT, DE, BABA, CARR, IWM, TWTR, NKE, TGT, SQ         
EPS  : AMZN, INTC, MSFT, ALGN, CDNS, CHKP, CTXS, PCAR, XLNX, TSLA, TXN, TMUS, LRCX, AXP, BAC, C, CSX, FAST, GILD, GOOGL, IBKR, JPM, MS, UNH, NFLX, 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)       ...