Thursday, December 30, 2021

SPY Market Forecast 93.5 Bullish pointing up in the upper zone                 
   0.59   PCALL - 10 day SMA (0.75 - 1.00)               
   155.27   SKEW (120 - 140)                 
                      
INTERMEDIATE TERM: Sideways- Price in between 30 &10 Wk SMA                
  6-months UP                   
  10-days UP                   
  3-days SIDEWAYS                   
                      
Indices                      
UP:                         
Down:     IWM -0.03% ; DIA -0.21% ; SPY -0.28% ; QQQ -0.30%          
                      
  TLT +0.84% at 147.9                 
  VIX +2.24% at 17.33                 
                      
SPY   : HBO Setup   above 30ds SMA               
QQQ   : Bull Flag Setup   above 30ds SMA               
DIA   : HBO Setup   above 30ds SMA               
IWM   : Channel   above 30ds SMA               
                      
                      
Sectors                      
  4 sectors closed higher led by  XLRE +0.45%  and  XLC +0.42%    Lower =  7         
  10            closing above 30d. SMA  and 1   closing below.   
                      
XLRE leaders     :    VNO, VTR, KIM, BXP                
XLC leaders     :    TWTR, VIAC, DISCK, DISCA                
XLU leaders     :    AES, EXC, PNW, NEE                
                      
Uptrend XLRE, XLU, XLV, XLP, XLB, XLY, XLK                  
Sideways XLF, XLI, XLE                   
Downtrend XLC                    
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led  1847   to   1472 and  Nasdaq   Strengthened  as  Advancers led 2710   to   1908      
                      
                      
NDX Leaders:                       
41 closing higher  and  60 closing Lower                
BIDU : +10.50% ;  PDD : +10.07% ;  NTES : +8.92%            
                      
DJIA Leaders:                       
7 closing higher  and  23 closing Lower                
DIS : +0.68% ;  JNJ : +0.44% ;  IBM : +0.42%            
                      
SP500 Leaders:                       
186 closing higher  and  314 closing Lower                
PENN : +4.54% ;  TWTR : +3.98% ;  VIAC : +3.77%            
                      
NASDAQ 100                     
                      
Nasdaq Above 30MA    =  72                   
BIDU, MELI, MTCH, ILMN, ALGN, EXC, PYPL, EA, IDXX, ROST, SIRI, DLTR, TEAM, ATVI, BKNG, ZS, FB, XEL, KDP, FISV, CPRT, CHTR, AEP, CMCSA, SBUX, PEP, INTC, ASML, PCAR, ADSK, GOOGL, ANSS, SWKS, GILD, PANW, VRTX, MNST, KHC, DDOG, AMGN, WBA, VRSK, CSCO, ISRG, VRSN, AAPL, PAYX, COST, CSX, SNPS, CTSH, REGN, MSFT, NXPI, CDNS, ORLY, MDLZ, FAST, TMUS, ADP, MAR, AVGO, LRCX, MRVL, MCHP, TSLA, KLAC, AMAT, QCOM, FTNT, MU, BIIB
                      
Stocks to watch on  Friday                   
                      
 Nasdaq100  xsing above30   = 5                  
  BIDU, MTCH, PYPL, TEAM, ZS                  
                      
 Nasdaq100  xsing below30  = 0                  
                      
                      
                      
MACD Crossover:                    
Up   2                   
LCID, XEL                     
                      
Down   2                   
VRTX, QCOM                     
                       

Wednesday, December 29, 2021

Real Estate (XLRE) and Healthcare (XLV) led the sectors. SPY in a range day painting a bull flag setup.

 SPY Market Forecast 96.63 Bullish pointing up in the upper zone                
   0.6   PCALL - 10 day SMA (0.75 - 1.00)              
   156.24   SKEW (120 - 140)                
                     
INTERMEDIATE TERM: Bullish - Price above 30 &10 Wk SMA               
  6-months UP                  
  10-days UP                  
  3-days UP                  
                     
Indices                     
UP:     DIA +0.23% ; SPY +0.13% ; IWM +0.11% ;           
Down:              QQQ -0.01%         
                     
  TLT -1.09% at 146.67                
  VIX -3.36% at 16.95                
                     
SPY   : Bull Flag Setup   above 30ds SMA              
QQQ   : Bull Flag Setup   above 30ds SMA              
DIA   : HBO Setup   above 30ds SMA              
IWM   : Channel   crossing above 30ds SMA             
                     
                     
Sectors                     
  8 sectors closed higher led by  XLRE +0.61%  and  XLV +0.57%    Lower =  3        
  10            closing above 30d. SMA  and 1   closing below.  
                     
XLRE leaders     :    WY, EXR, MAA, DRE               
XLV leaders     :    BIIB, CTLT, MTD                
XLU leaders     :    EXC, ATO, NI, CMS                
                     
Uptrend XLRE, XLV, XLU, XLP, XLB, XLY, XLK                 
Sideways XLI, XLF, XLE                  
Downtrend XLC                   
                     
                     
Breath:                     
NYSE Strengthened  as  Advancers led  1870   to   1461 and  Nasdaq   Weakened   as  Advancers led 1911   to   2703     
                     
                     
NDX Leaders:                      
62 closing higher  and  40 closing Lower               
BIIB : +9.46% ;  MU : +3.48% ;  MRNA : +2.67%           
                     
DJIA Leaders:                      
22 closing higher  and  8 closing Lower               
WBA : +1.59% ;  NKE : +1.42% ;  HD : +1.14%           
                     
SP500 Leaders:                      
343 closing higher  and  156 closing Lower               
BIIB : +9.46% ;  WDC : +5.24% ;  MU : +3.48%           
                     
NASDAQ 100                    
                     
Nasdaq Above 30MA    =  71                  
BIIB, MU, EXC, ORLY, WBA, LRCX, VRSN, REGN, DDOG, MNST, PAYX, ROST, CTSH, GILD, FAST, PCAR, AMAT, AMGN, ADP, QCOM, ATVI, CPRT, DLTR, SBUX, KLAC, IDXX, CSCO, VRTX, MRVL, KDP, COST, MELI, MDLZ, AVGO, VRSK, XEL, CSX, AEP, PEP, SNPS, SWKS, MCHP, MSFT, FTNT, ISRG, CTAS, CMCSA, INTC, CHTR, AAPL, GOOG, GOOGL, ADSK, CDNS, BKNG, MAR, KHC, PANW, TSLA, NXPI, EA, ASML, FISV, TMUS, ALGN, ILMN, SIRI, ANSS, FB, XLNX, AMD
                     
Stocks to watch on  Thursday                  
                     
 Nasdaq100  xsing above30   = 3                 
  BIIB, REGN, SWKS                  
                     
 Nasdaq100  xsing below30  = 2                 
  ZS, TEAM                  
                     
                     
MACD Crossover:                   
Up   4                  
REGN, FAST, QCOM, ADBE                  
                     
Down   1                  
TMUS                     
                     

Tuesday, December 28, 2021

NYSE and Nasdaq Breath Weakened in a session with low volume, as expected. SPY moved in a tight range after a bullish four days move.

 SPY Market Forecast 83.01 Bullish pointing up in the upper zone                 
   0.62   PCALL - 10 day SMA (0.75 - 1.00)               
   153.21   SKEW (120 - 140)                 
                      
INTERMEDIATE TERM: Sideways- Price in between 30 &10 Wk SMA                
  6-months UP                   
  10-days UP                   
  3-days UP                   
                      
Indices                      
UP:     DIA +0.29% ;                  
Down:        SPY -0.08% ; QQQ -0.46% ; IWM -0.61%          
                      
  TLT -0.40% at 148.29                 
  VIX -0.79% at 17.54                 
                      
SPY   : New all times high   above 30ds SMA               
QQQ   : HBO Setup   above 30ds SMA               
DIA   : HBO Setup   above 30ds SMA               
IWM   : Channel   crossing below 30ds SMA              
                      
                      
Sectors                      
  7 sectors closed higher led by  XLU +0.90%  and  XLB +0.58%    Lower =  4         
  11            closing above 30d. SMA  and 0   closing below.   
                      
XLU leaders     :    EXC, AWK, FE, AEP                 
XLB leaders     :    BLL, IFF, DOW, LYB                 
XLP leaders     :    CPB, CAG, KR, WMT                
                      
Uptrend XLU, XLB, XLP, XLRE, XLY, XLV, XLK                  
Sideways XLI, XLF, XLE                   
Downtrend XLC                    
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led  1602   to   1731 and  Nasdaq   Weakened   as  Decliners led 1575   to   3046      
                      
                      
NDX Leaders:                       
42 closing higher  and  60 closing Lower                
ATVI : +1.86% ;  EXC : +1.46% ;  WBA : +1.38%            
                      
DJIA Leaders:                       
22 closing higher  and  8 closing Lower                
DIS : +1.57% ;  BA : +1.46% ;  WMT : +1.44%            
                      
SP500 Leaders:                       
309 closing higher  and  191 closing Lower                
CPB : +2.80% ;  BLL : +2.59% ;  AAL : +2.04%            
                      
NASDAQ 100                     
                      
Nasdaq Above 30MA    =  70                   
ATVI, EXC, WBA, MELI, AEP, PCAR, KHC, XEL, SBUX, MDLZ, FISV, CTSH, KDP, CPRT, ORLY, CSX, DLTR, CHTR, PEP, FAST, CTAS, EA, VRSK, AMGN, COST, CSCO, VRSN, PAYX, GILD, CMCSA, MAR, FB, ISRG, ADP, MNST, VRTX, ROST, ANSS, BKNG, INTC, MSFT, TMUS, FTNT, TSLA, ADSK, IDXX, AAPL, SIRI, PANW, ALGN, NXPI, AVGO, AMD, QCOM, CDNS, ASML, GOOGL, SNPS, LRCX, GOOG, XLNX, ILMN, TEAM, MCHP, MU, ZS, KLAC, AMAT, MRVL, DDOG
                      
Stocks to watch on  Wednesday                   
                      
 Nasdaq100  xsing above30   = 3                  
  PCAR, CHTR, CMCSA                   
                      
 Nasdaq100  xsing below30  = 0                  
                      
                      
                      
MACD Crossover:                    
Up   9                   
PCAR, SBUX, PEP, VRSK, COST, NTES, TXN, INTU, ADI                  
                      
Down   1                   
FISV                      
                      

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)       ...