Friday, December 04, 2020

SPY closed the week at all times high. IWM closing up 2.33% leading the uptrend.

 
SPY Market Forecast 97.07 Short-term bullish pointing up in the upper zone             
   0.45   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                    
  IWM +2.33% ; SPY +0.86% ;  DIA +0.84% ; QQQ +0.41%        
  TLT -1.47% at 155.2               
  VIX -2.87% at 20.67               
                    
Sectors                    
  10 sectors closed higher led by  XLE +5.45%  and  XLB +2.02%    Lower =  1       
  10            closing above 30d. SMA  and 1   closing below.
                    
XLE leaders     :    EOG, COP, PSX, SLB              
XLB leaders     :    DD, DOW, ECL, APD              
XLRE leaders     :    SPG, EQIX, PLD, WELL              
                    
Uptrend XLE, XLB, XLF, XLI, XLP, XLY, XLC                
Sideways XLRE, XLV, XLK, XLU                 
Downtrend                   
                    
                    
Breath:                    
NYSE Strengthened  as  Advancers led  2458   to   668 and  Nasdaq   Strengthened  as  Advancers led 2735   to   927    
                    
                    
NDX Leaders:                     
80 closing higher  and  23 closing Lower              
WDC : +6.75% ;  DOCU : +5.29% ;  QCOM : +5.14%          
                    
DJIA Leaders:                     
24 closing higher  and  6 closing Lower              
CAT : +4.34% ;  CVX : +3.88% ;  IBM : +2.90%          
                    
SP500 Leaders:                     
411 closing higher  and  91 closing Lower              
OXY : +13.42% ;  FANG : +12.67% ;  MRO : +10.66%          
                    
NASDAQ 100                   
                    
Nasdaq Above 30MA    =  90                 
WDC, DOCU, QCOM, MU, SWKS, MCHP, LRCX, NXPI, AMAT, ADI, AVGO, CTSH, MXIM, TXN, ISRG, ATVI, CSGP, NTAP, LBTYA, ASML, MAR, KLAC, XLNX, LBTYK, SBUX, ALGN, CTXS, KHC, INTC, ROST, AMD, ANSS, CDW, VRSN, CSX, ADP, PYPL, ILMN, CDNS, FAST, WBA, BKNG, EBAY, INTU, PAYX, NVDA, GILD, MNST, CTAS, SNPS, AMGN, DXCM, PEP, EXPE, TSLA, VRSK, FISV, MDLZ, ORLY, BMRN, VRTX, CSCO, CERN, TMUS, LULU, CHKP, ADBE, DLTR, ADSK, EA, CMCSA, NFLX, GOOGL, MSFT, CHTR, GOOG, TTWO, BIDU, MELI, TCOM, SGEN, AAPL, IDXX, AMZN, FB, WDAY, SIRI, FOXA, FOX, ULTA
                    
Stocks to watch on  Monday                 
Nasdaq100  xsing above30   = 5                 
CSGP, CDW, AMGN, VRSK, ORLY                 
                    
Nasdaq100  xsing below30  = 1                 
JD                    
                    
                    
MACD Crossover:                  
Up   8                 
QCOM, ADI, CTSH, MXIM, MAR, KLAC, SBUX, ORLY                
                    
Down   1                 
ZM                    
                    

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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)       ...