Thursday, December 17, 2020

Range day in a new all times high for all indices.

 
SPY Market Forecast 94.11 Short-term bullish pointing up in the upper zone                 
   0.5   PCALL - 10 day SMA (0.75 - 1.00)                 
   147.07   SKEW (120 - 135)                   
                        
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA                   
  6-months UP                     
  10-days UP                     
  3-days UP                     
                        
Indices                        
Up:     IWM +1.19% ; QQQ +0.65% ;  SPY +0.56% ; DIA +0.44%            
Down:                           
                        
  TLT -0.37% at 156.8                   
  VIX -2.53% at 21.93                   
                        
Sectors                        
  9 sectors closed higher led by  XLRE +1.17%  and  XLB +1.15%    Lower =  2           
  10            closing above 30d. SMA  and 1   closing below.     
                        
XLRE leaders     :    DLR, EQIX, PSA, SBAC                  
XLB leaders     :    LIN, NEM, BLL, DD                   
XLV leaders     :    JNJ, TMO, ABT, AMGN                  
                        
Uptrend XLB, XLV, XLK, XLY, XLU, XLP, XLI, XLF, XLC, XLE                   
Sideways XLRE                      
Downtrend                       
                        
                        
Breath:                        
NYSE Strengthened  as  Advancers led  2093   to   1048 and  Nasdaq   Strengthened  as  Advancers led 2522   to   1186        
                        
                        
NDX Leaders:                         
77 closing higher  and  26 closing Lower                  
LULU : +6.33% ;  TSLA : +5.32% ;  DOCU : +4.18%              
                        
DJIA Leaders:                         
21 closing higher  and  7 closing Lower                  
JNJ : +2.64% ;  HD : +1.62% ;  NKE : +1.56%              
                        
SP500 Leaders:                         
365 closing higher  and  133 closing Lower                  
LEN : +7.62% ;  ACN : +6.88% ;  PHM : +5.36%              
                        
NASDAQ 100                       
                        
Nasdaq Above 30MA    =  88                     
LULU, TSLA, DOCU, WDAY, CSGP, CTSH, INTU, ROST, NTES, VRSK, INCY, PYPL, ILMN, CDW, IDXX, VRTX, ALGN, CHTR, ISRG, ADSK, DXCM, NFLX, CDNS, MDLZ, LBTYK, PAYX, AMGN, ASML, TTWO, VRSN, CTXS, ADBE, WBA, ULTA, BMRN, ADP, CERN, LBTYA, SNPS, ANSS, WDC, BKNG, AAPL, ADI, MCHP, CPRT, MELI, PEP, KHC, MXIM, NXPI, EXC, FISV, MNST, TXN, FOXA, AVGO, ATVI, CSCO, FAST, FOX, DLTR, SIRI, TMUS, SGEN, NTAP, XLNX, MSFT, AMD, SBUX, ALXN, MAR, CMCSA, QCOM, AMZN, BIDU, KLAC, EXPE, TCOM, ORLY, INTC, CHKP, MU, EBAY, AMAT, EA, SWKS, LRCX
                        
Stocks to watch on  Friday                     
Nasdaq100  xsing above30   = 7                     
CSGP, NTES, VRSK, CDW, CHTR, MDLZ, AMGN                    
                        
Nasdaq100  xsing below30  = 0                     
                        
                        
                        
MACD Crossover:                      
Up   10                     
CSGP, CTSH, INTU, NTES, VRSK, SPLK, PAYX, NVDA, AVGO, TCOM                   
                        
Down   2                     
WDC, CHKP                       
 

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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)       ...