Tuesday, December 15, 2020

SPY a couple of dollars from new all times high in a strong day confirming the bull flag setup. IWM led the upside move +2.5%

SPY Market Forecast 91.21 Short-term bearish pointing down in the upper zone          
   0.5   PCALL - 10 day SMA (0.75 - 1.00)            
   138.95   SKEW (120 - 135)              
                   
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA              
  6-months UP                
  10-days UP                
  3-days UP                
                   
Indices                   
  IWM +2.50% ; SPY +1.35% ;  DIA +1.18% ; QQQ +1.07%       
  TLT -0.33% at 157.8              
  VIX -7.40% at 22.89              
                   
Sectors                   
  11 sectors closed higher led by  XLU +1.97%  and  XLE +1.97%    Lower =  0      
  9            closing above 30d. SMA  and 2   closing below.
                   
XLU leaders     :    EXC, AEP, SRE, SO              
XLE leaders     :    WMB, MPC, SLB, KMI             
XLB leaders     :    DD, ECL, NEM, DOW             
                   
Uptrend XLU, XLE, XLB, XLF, XLK, XLI, XLY, XLV, XLC, XLP              
Sideways XLRE                 
Downtrend                  
                   
                   
Breath:                   
NYSE Strengthened  as  Advancers led  2367   to   783 and  Nasdaq   Strengthened  as  Advancers led 2599   to   1124   
                   
                   
NDX Leaders:                    
80 closing higher  and  23 closing Lower             
BIDU : +13.83% ;  EBAY : +5.06% ;  AAPL : +5.01%         
                   
DJIA Leaders:                    
25 closing higher  and  5 closing Lower             
AAPL : +5.01% ;  DIS : +2.74% ;  TRV : +2.44%         
                   
SP500 Leaders:                    
453 closing higher  and  51 closing Lower             
WYNN : +6.10% ;  LLY : +6.03% ;  HAL : +5.85%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  80                
BIDU, EBAY, AAPL, WDC, EXC, SWKS, ASML, MELI, MAR, BMRN, CPRT, LBTYA, AMD, PAYX, ALGN, DOCU, LBTYK, ROST, EA, MU, DLTR, EXPE, XLNX, CTSH, SNPS, NTAP, ILMN, BKNG, AVGO, ADP, CERN, IDXX, QCOM, TXN, SGEN, CDNS, FAST, ADI, MXIM, ATVI, CSCO, LULU, ALXN, CMCSA, NXPI, SIRI, FISV, TCOM, SBUX, LRCX, ULTA, VRSN, CHKP, TMUS, ISRG, AMGN, INTC, PEP, PYPL, KLAC, VRTX, MDLZ, AMZN, MNST, DXCM, AMAT, ANSS, MCHP, TTWO, KHC, ADSK, WBA, FOX, NFLX, INCY, FOXA, CTXS, ADBE, TSLA, INTU
                   
Stocks to watch on  Wednesday                
Nasdaq100  xsing above30   = 4                
EXC, SWKS, PAYX, MDLZ                 
                   
Nasdaq100  xsing below30  = 3                
MSFT, WDAY, CHTR                 
                   
                   
MACD Crossover:                 
Up   12                
EBAY, AAPL, WDC, EXC, MELI, AMD, XEL, CERN, FAST, PYPL, VRTX, ADSK             
                   
Down   1                
CTXS                   

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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)       ...