Tuesday, November 10, 2020

Range day!!!!!!

                   
SPY Market Forecast 79.63 Short-term bullish    pointing up in the middle  zone         
   0.69   PCALL - 10 day SMA (0.75 - 1.00)            
   126.3   SKEW (120 - 135)              
                   
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA              
  6-months UP                
  10-days UP                
  3-days UP                
                   
Indices                   
  IWM +1.86% ; DIA +0.96% ;  SPY -0.15% ; QQQ -1.79%       
  TLT -0.58% at 155.16              
  VIX -3.69% at 24.8              
                   
Sectors                   
  8 sectors closed higher led by  XLE +3.24%  and  XLP +1.97%    Lower =  3      
  11            closing above 30d. SMA  and 0   closing below.
                   
XLE leaders     :    VLO, PSX, SLB, EOG             
XLP leaders     :    KO, MO, PM, MDLZ              
XLI leaders     :    BA, RTX, GE, HON              
                   
Uptrend XLI, XLB                
Sideways XLP, XLU, XLRE, XLF, XLV, XLC, XLY, XLK               
Downtrend XLE                 
                   
                   
Breath:                   
NYSE Strengthened  as  Advancers led  2044   to   1015 and  Nasdaq   Strengthened  as  Advancers led 2122   to   1394   
                   
                   
NDX Leaders:                    
36 closing higher  and  67 closing Lower             
ULTA : +7.40% ;  WBA : +6.45% ;  LBTYK : +4.30%         
                   
DJIA Leaders:                    
22 closing higher  and  8 closing Lower             
WBA : +6.45% ;  BA : +5.20% ;  CVX : +4.62%         
                   
SP500 Leaders:                    
324 closing higher  and  175 closing Lower             
CTL : N/A ;  NBL : N/A ;  JWN : +9.72%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  59                
ULTA, WBA, LBTYA, CSX, AMGN, PEP, CHTR, MDLZ, ALXN, FAST, CTSH, ROST, CSCO, CMCSA, CERN, IDXX, PAYX, NTAP, ADP, PCAR, XEL, ORLY, MNST, MAR, WDC, VRSK, BIDU, EXC, ADI, TMUS, DLTR, MU, SIRI, MXIM, TCOM, GOOG, CTAS, GOOGL, ASML, QCOM, LRCX, SBUX, FISV, FB, ALGN, AMAT, CSGP, TXN, ISRG, NXPI, CPRT, MCHP, KLAC, CDW, EXPE, INTU, BKNG, ADSK, XLNX
                   
Stocks to watch on  Wednesday                
Nasdaq100  xsing above30   = 0                
                   
                   
Nasdaq100  xsing below30  = 11                
AAPL, VRSN, AVGO, MSFT, WDAY, CDNS, JD, AMD, SNPS, NVDA, MELI             
                   
                   
MACD Crossover:                 
Up   0                
                   
                   
Down   12                
NFLX, IDXX, BIIB, KHC, LULU, FB, ALGN, TTWO, AMZN, SWKS, JD, MELI             
                   

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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)       ...