Wednesday, November 18, 2020

Range day during the morning and bearish triggered by 3:15pm. SPY touching 10dsma in the third day of a bull flag.

                    
SPY Market Forecast 85.1 Short-term bearish pointing down in the upper zone           
   0.61   PCALL - 10 day SMA (0.75 - 1.00)             
   133.59   SKEW (120 - 135)               
                    
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA               
  6-months UP                 
  10-days UP                 
  3-days DOWN                 
                    
Indices                    
  QQQ -0.74% ; DIA -1.19% ;  SPY -1.20% ; IWM -1.40%        
  TLT +0.29% at 159.27               
  VIX +4.98% at 23.84               
                    
Sectors                    
  0 sectors closed higher led by  XLI -0.45%  and  XLY -0.68%    Lower =  11       
  10            closing above 30d. SMA  and 1   closing below.
                    
XLI leaders     :    RTX, GE, CAT, LMT               
XLY leaders     :    TGT, TJX, DG, MCD               
XLB leaders     :    DOW, APD, PPG, BLL              
                    
Uptrend XLI, XLB                 
Sideways XLY, XLF, XLC, XLK, XLP, XLRE, XLV, XLU                
Downtrend XLE                  
                    
                    
Breath:                    
NYSE Weakened  as  Decliners led  1181   to   1879 and  Nasdaq   Weakened  as  Decliners led 1376   to   2176    
                    
                    
NDX Leaders:                     
19 closing higher  and  84 closing Lower              
TSLA : +10.20% ;  ZM : +3.34% ;  AMAT : +1.80%          
                    
DJIA Leaders:                     
3 closing higher  and  27 closing Lower              
DOW : +1.51% ;  CAT : +0.48% ;  CRM : +0.39%          
                    
SP500 Leaders:                     
106 closing higher  and  390 closing Lower              
CTL : N/A ;  NBL : N/A ;  COTY : +3.72%          
                    
NASDAQ 100                   
                    
Nasdaq Above 30MA    =  66                 
TSLA, AMAT, MELI, PCAR, LBTYA, LBTYK, ROST, NTAP, CHTR, KHC, COST, AVGO, FAST, GILD, ADSK, CTAS, LRCX, EXPE, LULU, WDC, KLAC, ASML, PAYX, VRSK, SBUX, ULTA, CDW, JD, NXPI, EXC, TMUS, AMD, XLNX, INTU, QCOM, AAPL, GOOGL, TXN, CSX, PEP, BIDU, CMCSA, GOOG, MDLZ, CSCO, WDAY, SIRI, ALGN, MNST, ADP, BKNG, FOXA, FISV, MXIM, FOX, ADI, MCHP, MAR, MU, ISRG, IDXX, CTSH, CSGP, ALXN, TCOM, WBA
                    
Stocks to watch on  Thursday                 
Nasdaq100  xsing above30   = 1                 
PCAR                    
                    
Nasdaq100  xsing below30  = 5                 
FB, MSFT, AMGN, CERN, XEL                 
                    
                    
MACD Crossover:                  
Up   1                 
DOCU                    
                    
Down   11                 
TXN, BIDU, EA, MSFT, ADBE, MXIM, ATVI, SWKS, CSGP, ALXN, WBA              
                    

No comments:

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)       ...