Monday, November 02, 2020

Pre-Election day. SPY moved higher Energy and Basic Materials Sectors moved up (USO, SLV & GLD)

                  
SPY Market Forecast 30.74 Short-term bearish  pointing down below the middle  zone        
   0.71   PCALL - 10 day SMA (0.75 - 1.00)           
   129.01   SKEW (120 - 135)             
                  
INTERMEDIATE TERM: Sideways- Price in between 30 &10 Wk SMA            
  6-months UP               
  10-days DOWN               
  3-days SIDEWAYS              
                  
Indices                  
  IWM +1.78% ; DIA +1.56% ;  SPY +1.12% ; QQQ +0.22%      
  TLT +0.64% at 158.58             
  VIX -2.34% at 37.13             
                  
Sectors                  
  10 sectors closed higher led by  XLE +3.41%  and  XLB +3.32%    Lower =  1     
  2            closing above 30d. SMA  and 9   closing below.
                  
XLE leaders     :    MPC, COP, SLB, XOM            
XLB leaders     :    DOW, PPG, APD, LIN            
XLI leaders     :    HON, CAT, CSX, BA             
                  
Uptrend XLB, XLI               
Sideways XLRE, XLU, XLF, XLV, XLP, XLY, XLK, XLC              
Downtrend XLE                
                  
                  
Breath:                  
NYSE Strengthened  as  Advancers led  2272   to   792 and  Nasdaq   Strengthened  as  Advancers led 2373   to   1181  
                  
                  
NDX Leaders:                   
70 closing higher  and  32 closing Lower            
ALGN : +7.59% ;  WBA : +5.14% ;  PCAR : +4.04%        
                  
DJIA Leaders:                   
25 closing higher  and  4 closing Lower            
HON : +5.25% ;  WBA : +5.14% ;  DOW : +5.12%        
                  
SP500 Leaders:                   
440 closing higher  and  60 closing Lower            
CTL : N/A ;  NBL : N/A ;  HST : N/A        
                  
NASDAQ 100                 
                  
Nasdaq Above 30MA    =  29               
ADP, ADSK, ALGN, BIDU, CDNS, CDW, CERN, CPRT, CSGP, CSX, EXC, EXPE, FOXA, GOOG, GOOGL, IDXX, JD, KHC, KLAC, LRCX, MELI, NTAP, NXPI, PAYX, PCAR, QCOM, SIRI, XEL, XLNX
                  
Stocks to watch on  Tuesday               
Nasdaq100  xsing above30   = 12               
ADSK, CDW, CERN, CPRT, CSGP, FOXA, KHC, KLAC, LRCX, NTAP, PCAR, XEL            
                  
Nasdaq100  xsing below30  = 1               
CTSH                  
                  
                  
MACD Crossover:                
Up   6               
CSGP, CSX, FOX, FOXA, GOOG, GOOGL               
                  
Down   1               
NTES                  
                  

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SPY touched all times high once again and reversed at close

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