Monday, November 09, 2020

Monster gap followed by monster selloff after Pfizer announced potential vaccine 90+% effectiveness.

 
                  
SPY Market Forecast 74.09 Short-term bullish    pointing up in the middle  zone        
   0.7   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                  
  IWM +3.62% ; DIA +3.00% ;  SPY +1.26% ; QQQ -2.04%      
  TLT -2.10% at 156.06             
  VIX +3.58% at 25.75             
                  
Sectors                  
  7 sectors closed higher led by  XLE +14.28%  and  XLF +8.21%    Lower =  4     
  11            closing above 30d. SMA  and 0   closing below.
                  
XLE leaders     :    VLO, PSX, SLB, EOG            
XLF leaders     :    AXP, BAC, JPM, C             
XLI leaders     :    BA, RTX, GE, HON             
                  
Uptrend XLI, XLB               
Sideways XLF, XLRE, XLU, XLV, XLP, XLY, XLK, XLC              
Downtrend XLE                
                  
                  
Breath:                  
NYSE Strengthened  as  Advancers led  2442   to   685 and  Nasdaq   Strengthened  as  Advancers led 2408   to   1205  
                  
                  
NDX Leaders:                   
49 closing higher  and  54 closing Lower            
EXPE : +24.56% ;  BKNG : +18.75% ;  ROST : +15.44%        
                  
DJIA Leaders:                   
23 closing higher  and  7 closing Lower            
AXP : +21.39% ;  BA : +13.71% ;  JPM : +13.54%        
                  
SP500 Leaders:                   
368 closing higher  and  134 closing Lower            
CTL : N/A ;  NBL : N/A ;  CCL : +39.29%        
                  
NASDAQ 100                 
                  
Nasdaq Above 30MA    =  64               
EXPE, BKNG, ROST, ULTA, MAR, TCOM, WBA, CTAS, CMCSA, FISV, SBUX, NTAP, ISRG, CDW, WDC, PAYX, CSX, INTU, ADP, MXIM, ADI, LRCX, MU, AMGN, CERN, ADSK, EXC, AMAT, CSGP, MCHP, PCAR, DLTR, SIRI, KLAC, XEL, BIDU, GOOGL, GOOG, ASML, ALGN, ALXN, CTSH, VRSK, TMUS, WDAY, TXN, NXPI, AVGO, VRSN, QCOM, CPRT, AAPL, FAST, MNST, MSFT, XLNX, AMD, SNPS, FB, CDNS, NVDA, JD, IDXX, MELI
                  
Stocks to watch on  Tuesday               
Nasdaq100  xsing above30   = 4               
ROST, ULTA, CMCSA, AMGN               
                  
Nasdaq100  xsing below30  = 15               
TSLA, ANSS, KHC, NTES, ADBE, CHTR, LULU, AMZN, COST, NFLX, TTWO, PYPL, DOCU, ZM, BIIB          
                  
                  
MACD Crossover:                
Up   3               
WDC, LBTYK, INTC                
                  
Down   4               
ATVI, COST, PYPL, DOCU               
                  
                  

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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)       ...