Friday, November 27, 2020

All indices pushed higher is a half day session. 18 NDX stocks crossed 30SDMA to watch on Monday. Market is bullish.

SPY Market Forecast 90.63 Short-term bullish pointing up in the upper zone            
   0.5   PCALL - 10 day SMA (0.75 - 1.00)            
   133.9   SKEW (120 - 135)              
                   
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA              
  6-months UP                
  10-days SIDEWAYS                
  3-days UP                
                   
Indices                   
  QQQ +0.92% ; IWM +0.42% ;  SPY +0.28% ; DIA +0.17%       
  TLT +0.97% at 160.22              
  VIX -1.93% at 20.84              
                   
Sectors                   
  5 sectors closed higher led by  XLV +0.92%  and  XLC +0.64%    Lower =  6      
  10            closing above 30d. SMA  and 1   closing below.
                   
XLV leaders     :    AMGN, PFE, LLY, UNH             
XLC leaders     :    TMUS, EA, ATVI, NFLX             
XLK leaders     :    ADBE, INTC, MSFT, AAPL             
                   
Uptrend XLC, XLB, XLY, XLP, XLI, XLF, XLE               
Sideways XLV, XLK, XLRE, XLU                
Downtrend                  
                   
                   
Breath:                   
NYSE Strengthened  as  Advancers led  1715   to   1376 and  Nasdaq   Strengthened  as  Advancers led 2321   to   1313   
                   
                   
NDX Leaders:                    
80 closing higher  and  23 closing Lower             
ZM : +6.29% ;  ILMN : +4.29% ;  WDAY : +4.18%         
                   
DJIA Leaders:                    
15 closing higher  and  15 closing Lower             
AMGN : +2.04% ;  UNH : +1.43% ;  INTC : +0.85%         
                   
SP500 Leaders:                    
239 closing higher  and  261 closing Lower             
ETSY : +10.66% ;  CCL : +4.50% ;  ILMN : +4.29%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  89                
ZM, ILMN, WDAY, VRTX, SNPS, ASML, CDNS, BMRN, TCOM, SPLK, BIDU, TMUS, ANSS, MELI, EA, LRCX, ATVI, LULU, KLAC, TSLA, AMAT, EBAY, IDXX, ADBE, XLNX, TTWO, JD, VRSK, ADI, WDC, GOOGL, MXIM, MU, SIRI, GOOG, DOCU, INTU, AVGO, KHC, VRSN, GILD, TXN, INTC, CTXS, MCHP, FAST, FB, NXPI, ALXN, ADP, MSFT, ULTA, ADSK, AMD, CSGP, AAPL, FISV, ISRG, CSCO, SBUX, EXPE, ALGN, AMZN, PEP, PAYX, CHKP, CDW, CTAS, COST, MNST, CERN, MDLZ, CMCSA, QCOM, CTSH, WBA, LBTYA, FOXA, NTAP, NTES, BKNG, LBTYK, MAR, FOX, CSX, ROST, CHTR, PYPL, DLTR
                   
Stocks to watch on  Monday                
Nasdaq100  xsing above30   = 18                
ZM, ILMN, WDAY, SNPS, CDNS, SPLK, BIDU, ANSS, EA, ATVI, ADBE, VRSN, GILD, INTC, CTXS, AAPL, ISRG, CHKP         
                   
Nasdaq100  xsing below30  = 1                
EXC                   
                   
                   
MACD Crossover:                 
Up   7                
ASML, ANSS, SGEN, LRCX, JD, TXN, BIIB                
                   
Down   1                
CHTR                   

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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)       ...