Monday, November 23, 2020

Range continues and close in the upper zone. IWM up 1.87%. GLD sank!

 
SPY Market Forecast 83.51 Short-term bearish pointing down in the upper zone          
   0.6   PCALL - 10 day SMA (0.75 - 1.00)            
   133.54   SKEW (120 - 135)              
                   
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA              
  6-months UP                
  10-days SIDEWAYS                
  3-days DOWN                
                   
Indices                   
  IWM +1.87% ; DIA +1.15% ;  SPY +0.60% ; QQQ 0.00%       
  TLT -0.46% at 160.77              
  VIX -4.39% at 22.66              
                   
Sectors                   
  8 sectors closed higher led by  XLE +7.07%  and  XLF +1.88%    Lower =  3      
  10            closing above 30d. SMA  and 1   closing below.
                   
XLE leaders     :    EOG, VLO, MPC, COP             
XLF leaders     :    WFC, C, AXP, JPM              
XLI leaders     :    BA, RTX, GE, UNP              
                   
Uptrend XLI, XLB                
Sideways XLF, XLY, XLC, XLP, XLU, XLK, XLV, XLRE               
Downtrend XLE                 
                   
                   
Breath:                   
NYSE Strengthened  as  Advancers led  2382   to   734 and  Nasdaq   Strengthened  as  Advancers led 2374   to   1243   
                   
                   
NDX Leaders:                    
58 closing higher  and  45 closing Lower             
ALGN : +6.75% ;  TSLA : +6.58% ;  AMAT : +4.92%         
                   
DJIA Leaders:                    
23 closing higher  and  7 closing Lower             
CVX : +6.11% ;  BA : +5.97% ;  DIS : +3.48%         
                   
SP500 Leaders:                    
370 closing higher  and  134 closing Lower             
OXY : +16.83% ;  APA : +12.41% ;  FANG : +11.67%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  65                
ALGN, TSLA, AMAT, WDC, MU, PYPL, NXPI, LRCX, ULTA, NTAP, MAR, KLAC, DLTR, FOXA, MELI, EXPE, FOX, SIRI, CTSH, CSCO, ADI, MXIM, PAYX, BMRN, NTES, BKNG, CMCSA, FAST, WBA, KHC, ALXN, AVGO, PCAR, ASML, ADSK, LULU, AMD, XLNX, TTWO, MNST, CSX, CERN, MCHP, ADP, LBTYA, LBTYK, TXN, MDLZ, COST, SBUX, TCOM, JD, PEP, GOOG, CSGP, GOOGL, ROST, FISV, IDXX, CTAS, INTU, TMUS, QCOM, CHTR, VRSK
                   
Stocks to watch on  Tuesday                
Nasdaq100  xsing above30   = 5                
PYPL, BMRN, WBA, ALXN, PCAR                
                   
Nasdaq100  xsing below30  = 4                
CDW, ISRG, DOCU, AAPL                
                   
                   
MACD Crossover:                 
Up   1                
DLTR                   
                   
Down   3                
MNST, PEP, VRSK                 
                   

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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)       ...