Monday, November 30, 2020

QQQ up .2%. XLK and XLV closing higher. All other sectors closed lower.

 
SPY Market Forecast 93.85 Short-term bullish pointing up in the upper zone            
   0.49   PCALL - 10 day SMA (0.75 - 1.00)            
   133.95   SKEW (120 - 135)              
                   
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA              
  6-months UP                
  10-days SIDEWAYS                
  3-days SIDEWAYS                
                   
Indices                   
  QQQ +0.20% ; SPY -0.44% ;  DIA -0.88% ; IWM -1.82%       
  TLT -0.12% at 160.02              
  VIX -1.30% at 20.57              
                   
Sectors                   
  2 sectors closed higher led by  XLK +0.67%  and  XLV +0.27%    Lower =  9      
  10            closing above 30d. SMA  and 1   closing below.
                   
XLK leaders     :    AAPL, INTC, PYPL, NVDA             
XLV leaders     :    PFE, TMO, MRK, ABT             
XLP leaders     :    CL, COST, WMT, PG             
                   
Uptrend XLP, XLC, XLY, XLI, XLB, XLF, XLE               
Sideways XLK, XLV, XLRE, XLU                
Downtrend                  
                   
                   
Breath:                   
NYSE Weakened  as  Decliners led  958   to   2183 and  Nasdaq   Weakened  as  Decliners led 1318   to   2303   
                   
                   
NDX Leaders:                    
50 closing higher  and  53 closing Lower             
AMD : +6.27% ;  XLNX : +5.86% ;  SWKS : +3.68%         
                   
DJIA Leaders:                    
11 closing higher  and  19 closing Lower             
AAPL : +2.11% ;  INTC : +1.90% ;  WMT : +0.78%         
                   
SP500 Leaders:                    
150 closing higher  and  352 closing Lower             
INFO : +7.43% ;  AMD : +6.27% ;  XLNX : +5.86%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  87                
AMD, XLNX, CSGP, EA, ADSK, MELI, TTWO, QCOM, ANSS, AAPL, INTC, FAST, ATVI, AVGO, ILMN, IDXX, ZM, CHTR, TXN, LULU, PYPL, ALGN, CTXS, GILD, NVDA, MCHP, CERN, ADI, SNPS, COST, TMUS, MXIM, CSCO, MNST, EXPE, VRTX, DOCU, WDAY, KHC, ADBE, VRSN, NTAP, SPLK, VRSK, ASML, MDLZ, NFLX, AMAT, MU, PAYX, CDNS, PEP, FB, FISV, BIDU, NXPI, CTSH, ISRG, MSFT, DLTR, INTU, SBUX, LBTYA, ADP, LBTYK, LRCX, KLAC, AMZN, SIRI, FOXA, MAR, BKNG, FOX, CSX, CTAS, EBAY, GOOG, TCOM, GOOGL, ROST, ULTA, BMRN, WDC, CMCSA, TSLA, NTES, JD
                   
Stocks to watch on  Tuesday                
Nasdaq100  xsing above30   = 2                
NVDA, NFLX                  
                   
Nasdaq100  xsing below30  = 4                
CDW, ALXN, CHKP, WBA                
                   
                   
MACD Crossover:                 
Up   11                
SWKS, GILD, NVDA, CERN, SNPS, TMUS, DXCM, WDAY, CDNS, FB, MSFT             
                   
Down   6                
LBTYK, LRCX, SIRI, MAR, ULTA, 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)       ...