Thursday, November 12, 2020

All sectors down. MFC changed to bearish and VIX up 8.1%

SPY Market Forecast 78.92 Short-term bearish    pointing down in the middle  zone          
   0.68   PCALL - 10 day SMA (0.75 - 1.00)             
   131.42   SKEW (120 - 135)               
                    
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA               
  6-months UP                 
  10-days UP                 
  3-days SIDEWAYS                 
                    
Indices                    
  QQQ -0.47% ; SPY -0.97% ;  DIA -1.04% ; IWM -1.54%        
  TLT +1.70% at 158.37               
  VIX +8.10% at 25.35               
                    
Sectors                    
  0 sectors closed higher led by  XLP -0.27%  and  XLV -0.37%    Lower =  11       
  11            closing above 30d. SMA  and 0   closing below.
                    
XLP leaders     :    COST, KMB, WMT, PG              
XLV leaders     :    UNH, TMO, JNJ, ABBV              
XLC leaders     :    TMUS, CMCSA, ATVI, CHTR              
                    
Uptrend XLI, XLB                 
Sideways XLP, XLV, XLC, XLK, XLRE, XLY, XLU, XLF                
Downtrend XLE                  
                    
                    
Breath:                    
NYSE Weakened  as  Decliners led  737   to   2336 and  Nasdaq   Weakened  as  Decliners led 1116   to   2415    
                    
                    
NDX Leaders:                     
21 closing higher  and  82 closing Lower              
JD : +4.27% ;  ZM : +3.70% ;  DOCU : +1.95%          
                    
DJIA Leaders:                     
4 closing higher  and  26 closing Lower              
UNH : +0.77% ;  JNJ : +0.34% ;  WMT : +0.17%          
                    
SP500 Leaders:                     
60 closing higher  and  442 closing Lower              
CTL : N/A ;  NBL : N/A ;  CLX : +2.44%          
                    
NASDAQ 100                   
                    
Nasdaq Above 30MA    =  65                 
JD, LBTYA, TMUS, BMRN, COST, AMD, CMCSA, XLNX, ISRG, ROST, CSGP, CHTR, PEP, KLAC, GOOG, MU, AAPL, GOOGL, VRSK, CSX, CPRT, BIDU, MDLZ, FB, MSFT, NXPI, MELI, CTSH, TXN, INTU, MAR, CERN, SIRI, XEL, PAYX, ASML, IDXX, LRCX, ADI, ORLY, ADP, AMGN, AVGO, FISV, ALXN, SBUX, MXIM, WBA, CSCO, CDNS, MNST, EXPE, BKNG, AMAT, FAST, ALGN, MCHP, CDW, QCOM, EXC, ULTA, CTAS, WDC, NTAP, TCOM
                    
Stocks to watch on  Friday                 
Nasdaq100  xsing above30   = 3                 
LBTYA, BMRN, AMD                  
                    
Nasdaq100  xsing below30  = 10                 
ADSK, SNPS, KHC, DLTR, PCAR, ANSS, LULU, NTES, FOX, FOXA               
                    
                    
MACD Crossover:                  
Up   1                 
ILMN                    
                    
Down   8                 
CPRT, ADBE, DLTR, TSLA, PCAR, CHKP, CDNS, REGN                
                    

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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)       ...