Monday, November 16, 2020

New all times high. Bullish sentiment is up back in the upper zone. IWM and DIA led the day.

 
                    
SPY Market Forecast 82.14 Short-term bullish pointing up in the upper zone             
   0.64   PCALL - 10 day SMA (0.75 - 1.00)             
   129.56   SKEW (120 - 135)               
                    
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA               
  6-months UP                 
  10-days UP                 
  3-days UP                 
                    
Indices                    
  IWM +2.38% ; DIA +1.64% ;  SPY +1.25% ; QQQ +0.78%        
  TLT -0.24% at 157.78               
  VIX -2.81% at 22.45               
                    
Sectors                    
  10 sectors closed higher led by  XLE +6.58%  and  XLI +2.44%    Lower =  1       
  11            closing above 30d. SMA  and 0   closing below.
                    
XLE leaders     :    SLB, VLO, MPC, PSX              
XLI leaders     :    BA, RTX, HON, GE               
XLF leaders     :    C, WFC, AXP, JPM               
                    
Uptrend XLI, XLB                 
Sideways XLF, XLY, XLU, XLK, XLP, XLRE, XLC, XLV                
Downtrend XLE                  
                    
                    
Breath:                    
NYSE Strengthened  as  Advancers led  2562   to   534 and  Nasdaq   Strengthened  as  Advancers led 2581   to   1005    
                    
                    
NDX Leaders:                     
75 closing higher  and  28 closing Lower              
MU : +6.78% ;  WDC : +5.09% ;  ULTA : +4.93%          
                    
DJIA Leaders:                     
26 closing higher  and  4 closing Lower              
BA : +8.17% ;  CVX : +7.14% ;  DIS : +4.56%          
                    
SP500 Leaders:                     
424 closing higher  and  77 closing Lower              
CTL : N/A ;  NBL : N/A ;  FTI : +12.18%          
                    
NASDAQ 100                   
                    
Nasdaq Above 30MA    =  73                 
MU, WDC, ULTA, LBTYA, LBTYK, CTAS, NTAP, QCOM, WBA, ADP, MAR, LRCX, XLNX, AMD, MCHP, BKNG, CSCO, CSX, ROST, KLAC, NXPI, SBUX, AMAT, FAST, FOXA, AVGO, BIDU, KHC, ASML, SIRI, PAYX, WDAY, ADI, MXIM, CMCSA, CDW, MDLZ, TXN, EXC, AAPL, XEL, GILD, CTSH, FISV, VRSK, FB, PEP, DLTR, ISRG, IDXX, MSFT, TMUS, COST, GOOG, GOOGL, EXPE, ALXN, INTU, PCAR, ALGN, ORLY, CSGP, CERN, AMGN, TCOM, MNST, BMRN, CDNS, ADSK, CHTR, MELI, CPRT, JD
                    
Stocks to watch on  Tuesday                 
Nasdaq100  xsing above30   = 3                 
AMD, FOXA, GILD                  
                    
Nasdaq100  xsing below30  = 1                 
SNPS                    
                    
                    
MACD Crossover:                  
Up   5                 
INCY, SWKS, SGEN, ATVI, EBAY                 
                    
Down   5                 
NTES, ADBE, EA, VRSN, JD                 

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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)       ...