Tuesday, November 24, 2020

SPY takes another shot to higher levels. IWM led at 1.88% followed by SPY 1.61%.

SPY Market Forecast 84.76 Short-term bullish pointing up in the middle zone                
   0.57   PCALL - 10 day SMA (0.75 - 1.00)                
   134.19   SKEW (120 - 135)                  
                       
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA                  
  6-months UP                    
  10-days SIDEWAYS                    
  3-days UP                    
                       
Indices                       
  IWM +1.88% ; SPY +1.61% ;  DIA +1.53% ; QQQ +1.41%           
  TLT -1.00% at 159.17                  
  VIX -4.50% at 21.64                  
                       
Sectors                       
  10 sectors closed higher led by  XLE +5.14%  and  XLF +3.50%    Lower =  1          
  10            closing above 30d. SMA  and 1   closing below.    
                       
XLE leaders     :    EOG, XOM, CVX, VLO                 
XLF leaders     :    WFC, C, BAC, JPM                  
XLB leaders     :    DD, DOW, APD, CTVA                 
                       
Uptrend XLB, XLI                    
Sideways XLF, XLC, XLY, XLK, XLU, XLP, XLV, XLRE                   
Downtrend XLE                     
                       
                       
Breath:                       
NYSE Strengthened  as  Advancers led  2374   to   764 and  Nasdaq   Strengthened  as  Advancers led 2457   to   1187       
                       
                       
NDX Leaders:                        
73 closing higher  and  30 closing Lower                 
DLTR : +14.08% ;  TSLA : +6.43% ;  MAR : +6.35%             
                       
DJIA Leaders:                        
26 closing higher  and  3 closing Lower                 
CVX : +5.04% ;  JPM : +4.62% ;  GS : +3.79%             
                       
SP500 Leaders:                        
405 closing higher  and  97 closing Lower                 
DLTR : +14.08% ;  MOS : +12.85% ;  CCL : +11.28%             
                       
NASDAQ 100                      
                       
Nasdaq Above 30MA    =  70                    
DLTR, TSLA, MAR, CMCSA, ROST, CDW, FOX, BKNG, KHC, NTAP, FOXA, FB, WDC, AMAT, NTES, EXC, JD, PYPL, FISV, CSCO, FAST, GOOGL, LBTYA, CTSH, GOOG, PAYX, ADP, LBTYK, EXPE, MSFT, NXPI, MCHP, QCOM, SBUX, WBA, AVGO, TXN, BMRN, CERN, CTAS, PCAR, CSX, CHTR, MDLZ, PEP, ADSK, COST, ULTA, GILD, INTU, TCOM, ALXN, LULU, MNST, TMUS, KLAC, XLNX, MXIM, ADI, SIRI, AMD, ALGN, MU, LRCX, ASML, TTWO, MELI, VRSK, CSGP, IDXX
                       
Stocks to watch on  Wednesday                    
Nasdaq100  xsing above30   = 5                    
CDW, FB, EXC, MSFT, GILD                    
                       
Nasdaq100  xsing below30  = 0                    
                       
                       
                       
MACD Crossover:                     
Up   5                    
JD, CTSH, TXN, AMZN, VRSN                    
                       
Down   4                    
CTAS, TMUS, ASML, ATVI                    
                       
                       
SETUPS                      
BF  : QCOM, XLNX, TMUS, VRSK, MU, CARR, IBKR, TWTR, SQ, WMT                
HBO  : PYPL, SBUX, ALGN, CHTR, CTAS, MXIM, PEP, ADI, TXN, COST, MCHP, MELI, ADSK, AKAM, AMD, AXP, BA, BAC, BKNG, CSCO, CSX, CVS, EA, FAST, FB, GOOGL, JD, JPM, MCD, MNST, NTES, NKE, SPY, QQQ
2T  : ACN, DLTR, KHC, MMM, ZION                   
MACD  :                      
CHANNEL  : AAPL, AMZN, INTC, MSFT, NVDA, CDNS, CHKP, CPRT, CTXS, SWKS, PCAR, EBAY, AMGN, ATVI, BABA, BBY, BIDU, BMRN, BYND, C, DDOG, HD, ILMN, UNH, V, NFLX, SHOP, TAL, NKLA, TWLO, TLT, ORCL
BEAR  : INCY, AU, GDXJ, GILD, GOLD                    
NH  : CTSH, FISV, TSLA, LRCX, AMAT, CAT, DIA, FAS, IWM, KLAC, MS, TGT, XLE, NXPI               
EPS  : ADBE, SNPS, SPLK, DOCU, DE, BIG, CRM, CRWD, DG, NTAP                 

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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)       ...