Friday, November 20, 2020

Short term defensive SPY. Only XLU closed higher.

 
SPY Market Forecast 85.96 Short-term bearish pointing down in the upper zone           
   0.61   PCALL - 10 day SMA (0.75 - 1.00)             
   133.55   SKEW (120 - 135)               
                    
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA               
  6-months UP                 
  10-days SIDEWAYS                 
  3-days DOWN                 
                    
Indices                    
  IWM +0.11% ; QQQ -0.68% ;  SPY -0.68% ; DIA -0.73%        
  TLT +0.89% at 161.51               
  VIX +2.55% at 23.7               
                    
Sectors                    
  1 sectors closed higher led by  XLU +0.02%  and  XLB -0.09%    Lower =  10       
  10            closing above 30d. SMA  and 1   closing below.
                    
XLU leaders     :    DUK, WEC, NEE, ES               
XLB leaders     :    DD, CTVA, NEM, APD              
XLC leaders     :    EA, ATVI, CHTR, NFLX              
                    
Uptrend XLB, XLI                 
Sideways XLU, XLC, XLV, XLY, XLP, XLRE, XLF, XLK                
Downtrend XLE                  
                    
                    
Breath:                    
NYSE Weakened  as  Decliners led  1406   to   1649 and  Nasdaq   Strengthened  as  Decliners led 1888   to   1682    
                    
                    
NDX Leaders:                     
35 closing higher  and  68 closing Lower              
ZM : +6.11% ;  NTES : +4.81% ;  MELI : +3.41%          
                    
DJIA Leaders:                     
5 closing higher  and  25 closing Lower              
NKE : +0.81% ;  MMM : +0.75% ;  TRV : +0.51%          
                    
SP500 Leaders:                     
161 closing higher  and  340 closing Lower              
CF : +4.20% ;  ETSY : +4.13% ;  MCHP : +2.72%          
                    
NASDAQ 100                   
                    
Nasdaq Above 30MA    =  64                 
NTES, MELI, MCHP, TTWO, JD, IDXX, KHC, ALGN, DOCU, CHTR, FOX, CERN, DLTR, FOXA, TMUS, LULU, SIRI, TCOM, PEP, ASML, FISV, NTAP, CSX, MNST, AVGO, TXN, CSGP, CTSH, XLNX, ISRG, ULTA, WDC, KLAC, CSCO, NXPI, CDW, CMCSA, COST, VRSK, AMAT, MU, SBUX, ADSK, MDLZ, MXIM, BKNG, LRCX, ADI, QCOM, AMD, AAPL, ROST, GOOG, GOOGL, ADP, FAST, MAR, PAYX, CTAS, LBTYA, TSLA, LBTYK, EXPE, INTU
                    
Stocks to watch on  Monday                 
Nasdaq100  xsing above30   = 1                 
CERN                    
                    
Nasdaq100  xsing below30  = 5                 
BIDU, WBA, EXC, PCAR, WDAY                 
                    
                    
MACD Crossover:                  
Up   6                 
ZM, NTES, MELI, ATVI, BMRN, ILMN                 
                    
Down   10                 
CSX, TXN, BKNG, QCOM, AAPL, PAYX, EXPE, INTU, DXCM, WDAY               

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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)       ...