Tuesday, December 08, 2020

And yet another all times high in the market - IWM QQQ and SPY

 
                   
SPY Market Forecast 97.88 Short-term bullish pointing up in the upper zone            
   0.44   PCALL - 10 day SMA (0.75 - 1.00)            
   132.46   SKEW (120 - 135)              
                   
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA              
  6-months UP                
  10-days UP                
  3-days UP                
                   
Indices                   
  IWM +1.28% ; DIA +0.37% ;  QQQ +0.34% ; SPY +0.29%       
  TLT +0.47% at 157.34              
  VIX -2.91% at 20.68              
                   
Sectors                   
  6 sectors closed higher led by  XLE +1.49%  and  XLV +0.76%    Lower =  5      
  10            closing above 30d. SMA  and 1   closing below.
                   
XLE leaders     :    XOM, WMB, SLB, EOG             
XLV leaders     :    PFE, ABBV, JNJ, LLY             
XLB leaders     :    DOW, DD, SHW, CTVA             
                   
Uptrend XLE, XLB, XLP, XLI, XLF, XLC, XLY, XLV, XLK, XLU,    
Sideways  XLRE                
Downtrend                  
                   
                   
Breath:                   
NYSE Strengthened  as  Advancers led  1976   to   1144 and  Nasdaq   Strengthened  as  Advancers led 2380   to   1305   
                   
                   
NDX Leaders:                    
59 closing higher  and  43 closing Lower             
SPLK : +3.44% ;  DXCM : +3.19% ;  CHKP : +3.00%         
                   
DJIA Leaders:                    
24 closing higher  and  5 closing Lower             
DOW : +2.52% ;  JNJ : +1.73% ;  MMM : +1.36%         
                   
SP500 Leaders:                    
292 closing higher  and  209 closing Lower             
EFX : +7.84% ;  NCLH : +6.23% ;  MRO : +5.68%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  90                
DXCM, CHKP, SGEN, MELI, WDC, NTES, KHC, CTAS, CERN, ADI, ATVI, MXIM, SWKS, SIRI, ADSK, TSLA, VRTX, MNST, COST, AMGN, EA, DOCU, INTC, FISV, FAST, CPRT, VRSN, MSFT, MU, NXPI, AMAT, ADBE, AMZN, AVGO, LRCX, GILD, BMRN, AAPL, QCOM, BIDU, WDAY, NTAP, IDXX, TXN, TMUS, ISRG, TTWO, INTU, PEP, KLAC, CSCO, CDW, ADP, ILMN, GOOG, LULU, ROST, TCOM, MCHP, SNPS, ANSS, EXPE, SBUX, MDLZ, PAYX, ASML, EBAY, MAR, GOOGL, CTXS, ALGN, LBTYK, PYPL, ULTA, CDNS, CSX, NFLX, LBTYA, FB, CTSH, CMCSA, WBA, AMD, XLNX, FOX, FOXA, NVDA, BKNG, DLTR, CHTR
                   
Stocks to watch on  Wednesday                
Nasdaq100  xsing above30   = 5                
DXCM, CERN, COST, AMGN, CPRT                
                   
Nasdaq100  xsing below30  = 1                
CSGP                   
                   
                   
MACD Crossover:                 
Up   2                
CPRT, REGN                  
                   
Down   6                
BMRN, GOOGL, FOX, FOXA, ORLY, DLTR                
                   

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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)       ...