Friday, November 06, 2020

Market flat and traded in a range. VIX moved down 10%.

SPY Market Forecast 64.84 Short-term bullish    pointing up in the middle  zone         
   0.72   PCALL - 10 day SMA (0.75 - 1.00)            
   124.56   SKEW (120 - 135)              
                   
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA              
  6-months UP                
  10-days UP                
  3-days UP                
                   
Indices                   
  QQQ +0.07% ; SPY -0.02% ;  DIA -0.24% ; IWM -0.78%       
  TLT -1.21% at 159.41              
  VIX -9.86% at 24.86              
                   
Sectors                   
  5 sectors closed higher led by  XLP +0.46%  and  XLK +0.35%    Lower =  6      
  9            closing above 30d. SMA  and 2   closing below.
                   
XLP leaders     :    WMT, KMB, PG, MDLZ             
XLK leaders     :    NVDA, CSCO, V, MSFT             
XLB leaders     :    ECL, APD, SHW, NEM             
                   
Uptrend XLB, XLI                
Sideways XLP, XLK, XLV, XLU, XLC, XLY, XLRE, XLF               
Downtrend XLE                 
                   
                   
Breath:                   
NYSE Weakened  as  Decliners led  1174   to   1870 and  Nasdaq   Weakened  as  Decliners led 1340   to   2168   
                   
                   
NDX Leaders:                    
54 closing higher  and  48 closing Lower             
MCHP : +5.83% ;  TMUS : +5.37% ;  TTWO : +3.86%         
                   
DJIA Leaders:                    
12 closing higher  and  18 closing Lower             
JNJ : +1.78% ;  WMT : +1.60% ;  CSCO : +0.81%         
                   
SP500 Leaders:                    
216 closing higher  and  284 closing Lower             
CTL : N/A ;  NBL : N/A ;  COTY : +22.16%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  75                
MCHP, TMUS, TTWO, AMD, MELI, XLNX, MAR, NVDA, ANSS, LRCX, ADI, IDXX, ADP, MXIM, ASML, WDC, PAYX, NXPI, KLAC, VRSK, TXN, FAST, ADSK, CDNS, MU, JD, FISV, BKNG, AMAT, CERN, ISRG, ZM, NTAP, CTAS, SNPS, NTES, DLTR, INTU, MSFT, NFLX, EXPE, COST, BIDU, SBUX, BIIB, CTSH, AVGO, GOOG, CDW, WDAY, CSGP, ALXN, GOOGL, CPRT, QCOM, AAPL, AMZN, ADBE, FB, CHTR, TCOM, MNST, KHC, EXC, XEL, PCAR, WBA, VRSN, PYPL, LULU, CSX, SIRI, TSLA, DOCU, ALGN
                   
Stocks to watch on  Monday                
Nasdaq100  xsing above30   = 1                
ZM                   
                   
Nasdaq100  xsing below30  = 6                
SWKS, ATVI, ROST, REGN, SPLK, EA                
                   
                   
MACD Crossover:                 
Up   9                
BMRN, DXCM, ADSK, CERN, ULTA, ORLY, PYPL, LBTYA, SWKS              
                   
Down   1                
EA                   
                   
                   
SETUPS                  
BF  : ALGN, CTAS, QCOM, PCAR, VRSK, DOCU, FAST, FB, GOOGL             
HBO  : AAPL, MSFT, PYPL, SBUX, CHTR, CTSH, TSLA, PEP, CAT, MU, ACN, ADSK, AMD, AU, BBY, BKNG, CRM, CRWD, DG, DLTR, GDXJ, GOLD, IWM, JPM, MNST, SHOP, NKE, SPY, QQQ
2T  : TMUS, DE, CSX, UNH, SQ, NXPI               
MACD  :                  
CHANNEL  : ADBE, AMZN, CHKP, FISV, SPLK, SWKS, EBAY, AMGN, ATVI, AKAM, AXP, BA, BABA, BAC, BIG, BMRN, C, CVS, DIA, EA, FAS, IBKR, ILMN, KHC, MMM, MS, TWTR, V, NFLX, TAL, TWLO, NTAP, TLT, ZION, ORCL
BEAR  : INTC, CTXS, INCY, GILD, XLE                
NH  : CDNS, SNPS, MXIM, XLNX, ADI, TXN, COST, LRCX, MCHP, MELI, CARR, KLAC           
EPS  : NVDA, CPRT, AMAT, BIDU, BYND, CSCO, DDOG, HD, JD, MCD, NTES, TGT, NKLA, WMT          
                   

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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)       ...