Monday, December 28, 2020

QQQ new all times high, SPY setup for a horizontal breakout. SPY is short time bearish at 65.71.

SPY Market Forecast 65.71 Short-term bearish pointing down in the middle zone                  
   0.51   PCALL - 10 day SMA (0.75 - 1.00)                    
   145.3   SKEW (120 - 135)                      
                           
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA                      
  6-months UP                        
  10-days UP                        
  3-days UP                        
                           
Indices                           
UP:     QQQ +1.01% ; SPY +0.86% ; DIA +0.66% ;                 
Down:              IWM -0.37%               
                           
  TLT +0.04% at 157.36                      
  VIX +0.79% at 21.7                      
                           
Sectors                           
  9 sectors closed higher led by  XLC +1.80%  and  XLY +1.14%    Lower =  2              
  7            closing above 30d. SMA  and 4   closing below.        
                           
XLC leaders     :    FB, GOOGL, GOOG, CMCSA                     
XLY leaders     :    AMZN, BKNG, SBUX, TJX                     
XLK leaders     :    AAPL, MA, V, MSFT                     
                           
Uptrend XLC, XLY, XLK, XLP, XLF, XLV, XLI, XLB, XLE                      
Sideways XLRE, XLU                        
Downtrend                          
                           
                           
Breath:                           
NYSE Strengthened  as  Advancers led  1658   to   1510 and  Nasdaq   Strengthened  as  Advancers led 1977   to   1818           
                           
                           
NDX Leaders:                            
55 closing higher  and  47 closing Lower                     
ULTA : +5.11% ;  CTAS : +4.67% ;  ROST : +3.90%                 
                           
DJIA Leaders:                            
23 closing higher  and  6 closing Lower                     
AAPL : +3.58% ;  DIS : +2.95% ;  V : +1.88%                 
                           
SP500 Leaders:                            
303 closing higher  and  201 closing Lower                     
ULTA : +5.11% ;  DXC : +5.07% ;  CTAS : +4.67%                 
                           
NASDAQ 100                          
                           
Nasdaq Above 30MA    =  79                        
ULTA, ROST, CSGP, FB, AAPL, AMZN, VRSK, FOX, FOXA, CPRT, BKNG, GOOGL, SBUX, GOOG, CHKP, DXCM, CMCSA, SWKS, PEP, EXPE, ALXN, MNST, BIDU, FAST, VRSN, NFLX, MSFT, EXC, CSCO, MDLZ, KHC, CDNS, NXPI, ATVI, CTSH, LBTYA, CTXS, TSLA, WDC, NTAP, ADI, MU, AVGO, TMUS, ADP, INTU, MXIM, SNPS, TXN, ANSS, ILMN, ADBE, ISRG, AMD, MAR, LBTYK, MCHP, PAYX, CERN, IDXX, AMAT, ADSK, KLAC, ASML, TTWO, EA, VRTX, LRCX, DLTR, ORLY, INCY, BMRN, PYPL, ALGN, MELI, NTES, SGEN, WDAY, DOCU
                           
Stocks to watch on  Tuesday                        
Nasdaq100  xsing above30   = 8                        
ULTA, FB, FOX, FOXA, GOOGL, GOOG, CMCSA, EXC                       
                           
Nasdaq100  xsing below30  = 4                        
XLNX, CHTR, QCOM, BIIB                        
                           
                           
MACD Crossover:                         
Up   2                        
AMZN, MDLZ                          
                           
Down   5                        
ILMN, ADSK, TTWO, VRTX, DOCU                        
                           

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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)       ...