Wednesday, November 25, 2020

Range day with very low volume. SPY Market forecast is bullish, QQQ positive.

SPY Market Forecast 87.81 Short-term bullish pointing up in the upper zone              
   0.56   PCALL - 10 day SMA (0.75 - 1.00)              
   133.9   SKEW (120 - 135)                
                     
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA                
  6-months UP                  
  10-days SIDEWAYS                  
  3-days UP                  
                     
Indices                     
  QQQ +0.61% ; SPY -0.15% ;  IWM -0.34% ; DIA -0.56%         
  TLT -0.31% at 158.68                
  VIX -1.80% at 21.25                
                     
Sectors                     
  4 sectors closed higher led by  XLU +0.26%  and  XLRE +0.24%    Lower =  7        
  11            closing above 30d. SMA  and 0   closing below.  
                     
XLU leaders     :    NEE, ES, AEP, D                
XLRE leaders     :    DLR, AMT, SBAC, PSA               
XLK leaders     :    PYPL, NVDA, ADBE, AAPL               
                     
Uptrend XLY, XLC, XLP, XLF, XLI, XLB, XLE                 
Sideways XLU, XLRE, XLK, XLV                  
Downtrend                    
                     
                     
Breath:                     
NYSE Weakened  as  Decliners led  1325   to   1764 and  Nasdaq   Weakened  as  Decliners led 1759   to   1794     
                     
                     
NDX Leaders:                      
47 closing higher  and  56 closing Lower               
ADSK : +4.74% ;  PYPL : +4.11% ;  ZM : +3.78%           
                     
DJIA Leaders:                      
11 closing higher  and  19 closing Lower               
WBA : +1.43% ;  AAPL : +0.75% ;  NKE : +0.62%           
                     
SP500 Leaders:                      
145 closing higher  and  358 closing Lower               
ETSY : +5.44% ;  ADSK : +4.74% ;  PYPL : +4.11%           
                     
NASDAQ 100                    
                     
Nasdaq Above 30MA    =  72                  
ADSK, PYPL, TSLA, DOCU, MELI, TTWO, LULU, AMZN, AMD, XLNX, INTU, WBA, CSGP, COST, VRTX, VRSK, TMUS, DLTR, BMRN, CHTR, GOOG, PEP, FISV, LRCX, GOOGL, MSFT, IDXX, SBUX, MNST, ALXN, EBAY, ASML, CTSH, CSCO, ALGN, CERN, AVGO, MXIM, CTAS, FB, KLAC, NXPI, MDLZ, FOXA, PAYX, ADP, ADI, CSX, MU, FOX, CMCSA, TXN, SIRI, MCHP, EXC, WDC, QCOM, MAR, EXPE, TCOM, FAST, JD, ULTA, LBTYA, BKNG, LBTYK, AMAT, ROST, NTAP, CDW, KHC, NTES
                     
Stocks to watch on  Friday                  
Nasdaq100  xsing above30   = 4                  
DOCU, AMZN, VRTX, EBAY                  
                     
Nasdaq100  xsing below30  = 2                  
GILD, PCAR                    
                     
                     
MACD Crossover:                   
Up   2                  
XLNX, ATVI                    
                     
Down   8                  
SGEN, LRCX, SBUX, MDLZ, TXN, GILD, JD, ROST                 
                     
                     
SETUPS                    
BF  : TMUS, LRCX, VRSK, AMAT, CAT, MCHP, MU, FAS, IWM, JPM, KLAC, NKLA, XLE, NXPI, ZION           
HBO  : PYPL, SBUX, ALGN, CHTR, CTAS, CTSH, MXIM, XLNX, PEP, ADI, TXN, MELI, AKAM, AXP, BA, BAC, BKNG, C, CSCO, CSX, CVS, DDOG, DIA, FAST, MCD, TWTR, SHOP, NKE, TAL, SPY, QQQ, WMT
2T  : FISV, ACN, ADSK                  
MACD  :                    
CHANNEL  : AAPL, AMZN, INTC, MSFT, NVDA, CDNS, CHKP, CPRT, CTXS, QCOM, SWKS, PCAR, EBAY, AMGN, ATVI, DE, AMD, BABA, BBY, BIDU, BMRN, BYND, CARR, CRM, FB, GDXJ, GILD, GOLD, GOOGL, HD, IBKR, ILMN, JD, KHC, MNST, UNH, V, NFLX, NTES, TWLO, TLT
BEAR  : INCY, AU, EA                  
NH  : TSLA, DLTR, MMM, MS, TGT, SQ                 
EPS  : ADBE, SNPS, SPLK, COST, DOCU, BIG, CRWD, DG, NTAP, ORCL              
 

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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)       ...