Wednesday, December 30, 2020

NYSE and NDX advancers led. SPY MFC turning up in a short term bullish sentiment. IWM led 1% to the upside.

SPY Market Forecast 69.54 Short-term bullish pointing up in the middle zone                   
   0.51   PCALL - 10 day SMA (0.75 - 1.00)                   
   142.74   SKEW (120 - 135)                     
                          
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA                     
  6-months UP                       
  10-days UP                       
  3-days SIDEWAYS                       
                          
Indices                          
UP:     IWM +1.02% ; DIA +0.22% ; SPY +0.14% ;                
Down:                             
                          
  TLT +0.22% at 157.5                     
  VIX -1.34% at 22.77                     
                          
Sectors                          
  7 sectors closed higher led by  XLE +1.57%  and  XLB +1.38%    Lower =  4             
  6            closing above 30d. SMA  and 5   closing below.       
                          
XLE leaders     :    EOG, PSX, COP, SLB                    
XLB leaders     :    DOW, DD, CTVA, NEM                    
XLI leaders     :    CAT, RTX, GE, CSX                     
                          
Uptrend XLE, XLB, XLI, XLY, XLF, XLV, XLK, XLP, XLC                     
Sideways XLRE, XLU                       
Downtrend                         
                          
                          
Breath:                          
NYSE Strengthened  as  Advancers led  2167   to   988 and  Nasdaq   Strengthened  as  Advancers led 2577   to   1186          
                          
                          
NDX Leaders:                           
63 closing higher  and  39 closing Lower                    
BIDU : +12.59% ;  TSLA : +4.32% ;  JD : +3.92%                
                          
DJIA Leaders:                           
17 closing higher  and  13 closing Lower                    
DIS : +2.18% ;  DOW : +2.10% ;  CAT : +1.92%                
                          
SP500 Leaders:                           
370 closing higher  and  133 closing Lower                    
FCX : +7.24% ;  DVN : +5.42% ;  FANG : +4.83%                
                          
NASDAQ 100                         
                          
Nasdaq Above 30MA    =  77                       
BIDU, TSLA, JD, AMAT, NTES, WDC, MU, LRCX, MELI, KLAC, NXPI, ULTA, TTWO, AMD, ADI, MXIM, DXCM, SWKS, AVGO, ASML, SNPS, MCHP, INCY, MAR, QCOM, EA, CDNS, TXN, BKNG, BMRN, ROST, ALGN, CSGP, CTSH, EXPE, IDXX, ALXN, CPRT, MNST, ADSK, NTAP, ANSS, SBUX, FOXA, EXC, ATVI, PYPL, ISRG, AMGN, TMUS, VRSK, PEP, ORLY, FOX, WDAY, VRTX, CSCO, LBTYA, LBTYK, VRSN, ILMN, KHC, CMCSA, CERN, CHKP, INTU, MDLZ, AAPL, ADBE, AMZN, MSFT, NFLX, DLTR, INTC, FAST, SGEN, CTXS
                          
Stocks to watch on  Thursday                       
Nasdaq100  xsing above30   = 7                       
WDC, KLAC, NXPI, AMD, MCHP, QCOM, EXC                       
                          
Nasdaq100  xsing below30  = 4                       
ADP, EBAY, CHTR, FB                        
                          
                          
MACD Crossover:                        
Up   5                       
CTAS, MNST, SBUX, AMGN, SIRI                       
                          
Down   2                       
WDAY, ADBE                         
                          

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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)       ...