Thursday, December 24, 2020

Christmas day Market ranged within previous session. SPY MFC pointing down in a bearish sentiment.

 
SPY Market Forecast 87.69 Short-term bearish pointing down in the middle zone                
   0.5   PCALL - 10 day SMA (0.75 - 1.00)                  
   147.39   SKEW (120 - 135)                    
                         
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA                    
  6-months UP                      
  10-days SIDEWAYS                      
  3-days UP                      
                         
Indices                         
UP:     QQQ +0.44% ; SPY +0.39% ; DIA +0.25% ;               
Down:              IWM -0.07%             
                         
  TLT +0.40% at 157.29                    
  VIX -7.64% at 21.53                    
                         
Sectors                         
  10 sectors closed higher led by  XLRE +0.98%  and  XLU +0.71%    Lower =  1            
  6            closing above 30d. SMA  and 5   closing below.      
                         
XLRE leaders     :    WELL, AMT, PLD, CCI                   
XLU leaders     :    ES, AEP, NEE, WEC                    
XLK leaders     :    MA, V, INTC, MSFT                    
                         
Uptrend XLK, XLB, XLP, XLV, XLY, XLF, XLC, XLI, XLE                    
Sideways XLRE, XLU                      
Downtrend                        
                         
                         
Breath:                         
NYSE Strengthened  as  Advancers led  1898   to   1211 and  Nasdaq   Weakened  as  Advancers led 1782   to   1954         
                         
                         
NDX Leaders:                          
68 closing higher  and  33 closing Lower                   
KLAC : +2.49% ;  TSLA : +2.44% ;  LRCX : +1.95%               
                         
DJIA Leaders:                          
19 closing higher  and  11 closing Lower                   
V : +1.66% ;  INTC : +1.07% ;  PG : +1.01%               
                         
SP500 Leaders:                          
322 closing higher  and  180 closing Lower                   
FIS : +4.51% ;  GPN : +2.64% ;  KLAC : +2.49%               
                         
NASDAQ 100                        
                         
Nasdaq Above 30MA    =  74                      
KLAC, TSLA, LRCX, ASML, AMAT, AVGO, CHTR, DLTR, MELI, INTU, MNST, CERN, MU, MXIM, FAST, ADI, MDLZ, ORLY, ATVI, MSFT, ADP, AAPL, CDNS, IDXX, VRSK, SNPS, CTXS, ADBE, ALGN, MCHP, ANSS, TMUS, KHC, PEP, TXN, BMRN, ADSK, CSCO, EXPE, DOCU, LBTYK, TTWO, PAYX, SWKS, NXPI, CPRT, LBTYA, AMD, VRSN, EA, ILMN, MAR, CTSH, NTES, WDAY, XLNX, WDC, SBUX, CHKP, NFLX, ROST, CSGP, DXCM, SGEN, ISRG, PYPL, AMZN, ALXN, NTAP, VRTX, BKNG, INCY, BIIB, BIDU
                         
Stocks to watch on  Monday                      
Nasdaq100  xsing above30   = 4                      
CHTR, QCOM, MDLZ, PEP                      
                         
Nasdaq100  xsing below30  = 3                      
JD, SPLK, EBAY                        
                         
                         
MACD Crossover:                       
Up   1                      
PCAR                         
                         
Down   5                      
PAYX, VRSN, AMZN, NTAP, ZM                      
                         
                         
SETUPS                        
BF  : ADBE, PYPL, ALGN, CDNS, CHKP, SNPS, TSLA, DOCU, AMAT, CAT, DE, MELI, ACN, ADSK, AMD, BIDU, CRWD, CSCO, DDOG, EA, FAS, IBKR, ILMN, JPM, KLAC, MS, TWTR, SHOP, NKE, TGT, TWLO, NTAP, QQQ, SQ, ORCL
HBO  : AAPL, MSFT, CHTR, CPRT, CTSH, MXIM, ADI, TMUS, INCY, BKNG, BMRN, C, FAST, KHC, MMM, MNST, ZION              
2T  : BAC                       
MACD  :                        
CHANNEL  : AMZN, INTC, NVDA, SBUX, CTAS, CTXS, FISV, QCOM, SPLK, SWKS, PCAR, XLNX, PEP, EBAY, TXN, COST, LRCX, VRSK, AMGN, MCHP, AKAM, AU, AXP, BA, BIG, BYND, CARR, CRM, CSX, CVS, DG, DIA, DLTR, FB, GDXJ, GOOGL, HD, JD, MCD, UNH, V, NFLX, NTES, TAL, SPY, XLE, TLT, WMT, NXPI
BEAR  : BABA, BBY, GILD, GOLD, NKLA                     
NH  : ATVI, IWM                      
EPS  : MU                       
 

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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)       ...