Election Day, Unexpected surge in the morning and sell off by the end of the day as found resistance at 30 sdma

 
                    
SPY Market Forecast 29.46 Short-term bearish  pointing down in the middle  zone          
   0.71   PCALL - 10 day SMA (0.75 - 1.00)             
   136.44   SKEW (120 - 135)               
                    
INTERMEDIATE TERM: Sideways- Price in between 30 &10 Wk SMA              
  6-months UP                 
  10-days DOWN                 
  3-days UP                 
                    
Indices                    
  IWM +2.84% ; DIA +2.02% ;  SPY +1.77% ; QQQ +1.73%        
  TLT -0.58% at 157.66               
  VIX -4.26% at 35.55               
                    
Sectors                    
  10 sectors closed higher led by  XLI +2.95%  and  XLF +2.22%    Lower =  1       
  5            closing above 30d. SMA  and 6   closing below.
                    
XLI leaders     :    GE, UNP, BA, HON               
XLF leaders     :    GS, JPM, C, AXP               
XLY leaders     :    TJX, BKNG, SBUX, LOW              
                    
Uptrend XLI, XLB                 
Sideways XLF, XLY, XLK, XLP, XLRE, XLC, XLV, XLU                
Downtrend XLE                  
                    
                    
Breath:                    
NYSE Strengthened  as  Advancers led  2482   to   587 and  Nasdaq   Strengthened  as  Advancers led 2831   to   693    
                    
                    
NDX Leaders:                     
92 closing higher  and  11 closing Lower              
DXCM : +6.34% ;  TSLA : +5.84% ;  LRCX : +5.58%          
                    
DJIA Leaders:                     
27 closing higher  and  3 closing Lower              
WBA : +4.41% ;  GS : +4.06% ;  BA : +3.40%          
                    
SP500 Leaders:                     
449 closing higher  and  51 closing Lower              
CTL : N/A ;  NBL : N/A ;  ANET : +15.44%          
                    
NASDAQ 100                   
                    
Nasdaq Above 30MA    =  44                 
TSLA, LRCX, WBA, EXPE, KLAC, PAYX, FAST, EXC, MCHP, MAR, CSGP, CDW, PCAR, VRSK, ADSK, ADP, IDXX, CSX, NTAP, SBUX, CDNS, DLTR, SNPS, MU, CPRT, AMAT, COST, XLNX, XEL, CTSH, MELI, GOOG, ALGN, MXIM, GOOGL, QCOM, TXN, NXPI, ADI, CERN, SIRI, JD, KHC, BIDU
                    
Stocks to watch on  Wednesday                 
Nasdaq100  xsing above30   = 16                 
TSLA, WBA, FAST, MCHP, MAR, VRSK, SBUX, DLTR, SNPS, MU, AMAT, COST, CTSH, MXIM, TXN, ADI           
                    
Nasdaq100  xsing below30  = 1                 
FOXA                    
                    
                    
MACD Crossover:                  
Up   5                 
EXPE, KLAC, PAYX, FAST, KHC                 
                    
Down   0