Monday, December 07, 2020

Range day. Three sectors closing higher. Pause in the uptrend

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                   
  QQQ +0.57% ; IWM +0.10% ;  SPY -0.21% ; DIA -0.49%       
  TLT +0.90% at 156.6              
  VIX +2.45% at 21.3              
                   
Sectors                   
  3 sectors closed higher led by  XLC +0.63%  and  XLU +0.56%    Lower =  8      
  10            closing above 30d. SMA  and 1   closing below.
                   
XLC leaders     :    NFLX, FB, ATVI, EA              
XLU leaders     :    ES, XEL, NEE, DUK              
XLK leaders     :    ADBE, AAPL, CRM, NVDA             
                   
Uptrend XLC, XLY, XLP, XLI, XLB, XLF, XLE               
Sideways XLU, XLK, XLV, XLRE                
Downtrend                  
                   
                   
Breath:                   
NYSE Weakened  as  Decliners led  1316   to   1822 and  Nasdaq   Weakened  as  Decliners led 1758   to   1899   
                   
                   
NDX Leaders:                    
46 closing higher  and  57 closing Lower             
TSLA : +7.13% ;  NFLX : +3.51% ;  SIRI : +2.84%         
                   
DJIA Leaders:                    
6 closing higher  and  24 closing Lower             
BA : +2.35% ;  AAPL : +1.23% ;  NKE : +1.14%         
                   
SP500 Leaders:                    
175 closing higher  and  326 closing Lower             
MKTX : +5.71% ;  LB : +5.20% ;  AAL : +4.94%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  86                
TSLA, NFLX, SIRI, NTES, WDAY, AVGO, SWKS, FB, LRCX, ATVI, EA, CHTR, TTWO, FAST, ADBE, AAPL, MELI, ASML, KLAC, ADSK, INTU, SNPS, TMUS, NXPI, CTXS, NTAP, VRSN, CDNS, MCHP, IDXX, CMCSA, NVDA, AMAT, QCOM, XLNX, CSX, FOX, BKNG, BIDU, PYPL, AMD, SGEN, MSFT, CSCO, ADP, TXN, AMZN, MXIM, FISV, ADI, MNST, PEP, GOOGL, CDW, ANSS, GOOG, DLTR, FOXA, CHKP, VRTX, CTSH, ALGN, SBUX, PAYX, MU, MDLZ, CSGP, WDC, GILD, ROST, LULU, KHC, BMRN, EXPE, TCOM, EBAY, MAR, ISRG, ILMN, ULTA, WBA, LBTYK, LBTYA, CTAS, INTC, DOCU
                   
Stocks to watch on  Tuesday                
Nasdaq100  xsing above30   = 1                
NTES                   
                   
Nasdaq100  xsing below30  = 5                
ORLY, VRSK, AMGN, CERN, DXCM                
                   
                   
MACD Crossover:                 
Up   0                
                   
                   
Down   2                
GOOG, MAR                  
                   
 

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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)       ...