Wednesday, November 04, 2020

Market turned short term bullish. 7 sectors closed higher. Big day for FB

                   
SPY Market Forecast 39.32 Short-term Bullish pointing up in the middle  zone         
   0.73   PCALL - 10 day SMA (0.75 - 1.00)            
   136.44   SKEW (120 - 135)              
                   
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA              
  6-months UP                
  10-days SIDEWAYS                
  3-days UP                
                   
Indices                   
  QQQ +4.46% ; SPY +2.23% ;  DIA +1.41% ; IWM +0.11%       
  TLT +2.17% at 161.08              
  VIX -16.82% at 29.57              
                   
Sectors                   
  7 sectors closed higher led by  XLV +4.44%  and  XLC +4.31%    Lower =  4      
  9            closing above 30d. SMA  and 2   closing below.
                   
XLV leaders     :    LLY, UNH, ABBV, BMY             
XLC leaders     :    FB, CHTR, GOOGL, GOOG             
XLK leaders     :    PYPL, ADBE, NVDA, CRM             
                   
Uptrend XLI, XLB                
Sideways XLV, XLC, XLK, XLY, XLRE, XLP, XLF, XLU               
Downtrend XLE                 
                   
                   
Breath:                   
NYSE Strengthened  as  Advancers led  1701   to   1388 and  Nasdaq   Strengthened  as  Advancers led 1964   to   1551   
                   
                   
NDX Leaders:                    
86 closing higher  and  17 closing Lower             
BIIB : +43.97% ;  DOCU : +12.75% ;  NTES : +9.04%         
                   
DJIA Leaders:                    
14 closing higher  and  16 closing Lower             
UNH : +10.33% ;  CRM : +5.74% ;  MSFT : +4.82%         
                   
SP500 Leaders:                    
229 closing higher  and  272 closing Lower             
CTL : N/A ;  NBL : N/A ;  BIIB : +43.97%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  67                
BIIB, DOCU, NTES, FB, JD, INCY, ADBE, CHTR, MELI, CDNS, AMZN, SPLK, AMD, VRSN, XLNX, GOOGL, GOOG, NVDA, IDXX, INTU, MXIM, ALXN, REGN, SNPS, ADI, AMAT, MSFT, BIDU, KLAC, VRSK, TMUS, CPRT, ANSS, MNST, MCHP, LULU, ALGN, TXN, ASML, QCOM, LRCX, BKNG, CSGP, CDW, FISV, CTAS, MAR, MU, DLTR, SBUX, CTSH, SIRI, COST, FAST, CSX, NXPI, KHC, EXPE, XEL, CERN, EXC, ADSK, ADP, PAYX, NTAP, WBA, PCAR
                   
Stocks to watch on  Thursday                
Nasdaq100  xsing above30   = 25                
BIIB, DOCU, NTES, FB, INCY, ADBE, CHTR, AMZN, SPLK, AMD, VRSN, NVDA, INTU, ALXN, REGN, MSFT, TCOM, TMUS, ANSS, MNST, LULU, ASML, BKNG, FISV, CTAS   
                   
Nasdaq100  xsing below30  = 1                
TSLA                   
                   
                   
MACD Crossover:                 
Up   38                
BIIB, DOCU, NTES, JD, INCY, CHTR, CDNS, VRSN, XLNX, NVDA, IDXX, INTU, MXIM, SNPS, ADI, AMAT, TCOM, AMGN, BIDU, VRSK, TMUS, CPRT, MNST, MCHP, LULU, TXN, ASML, LRCX, CDW, FISV, CTAS, MAR, GILD, DLTR, ROST, NXPI, XEL, WBA
                   
Down   0                
                   
                   

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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)       ...