Thursday, December 31, 2020

SPY short term bullish ending the year in a closing all times high. DIA led followed by SPY and QQQ

SPY Market Forecast 73.56 Short-term bullish pointing up in the middle zone                 
   0.53   PCALL - 10 day SMA (0.75 - 1.00)                 
   147.83   SKEW (120 - 135)                   
                        
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA                   
  6-months UP                     
  10-days UP                     
  3-days UP                     
                        
Indices                        
UP:     DIA +0.55% ; SPY +0.51% ; QQQ +0.25% ;              
Down:              IWM -0.18%            
                        
  TLT +0.15% at 157.73                   
  VIX -0.09% at 22.75                   
                        
Sectors                        
  10 sectors closed higher led by  XLU +1.49%  and  XLF +1.24%    Lower =  1           
  10            closing above 30d. SMA  and 1   closing below.     
                        
XLU leaders     :    AEP, NEE, WEC, XEL                  
XLF leaders     :    CME, BLK, GS, SPGI                   
XLRE leaders     :    SBAC, EQIX, AMT, CCI                  
                        
Uptrend XLF, XLV, XLC, XLP, XLI, XLB, XLK, XLY, XLE                   
Sideways XLU, XLRE                     
Downtrend                       
                        
                        
Breath:                        
NYSE Strengthened  as  Advancers led  1884   to   1269 and  Nasdaq   Weakened  as  Advancers led 1768   to   1987        
                        
                        
NDX Leaders:                         
77 closing higher  and  26 closing Lower                  
WDC : +11.83% ;  MU : +4.53% ;  NFLX : +3.08%              
                        
DJIA Leaders:                         
25 closing higher  and  5 closing Lower                  
INTC : +2.19% ;  UNH : +1.65% ;  GS : +1.64%              
                        
SP500 Leaders:                         
414 closing higher  and  92 closing Lower                  
WDC : +11.83% ;  DXC : +5.79% ;  MU : +4.53%              
                        
NASDAQ 100                       
                        
Nasdaq Above 30MA    =  78                     
WDC, MU, NFLX, CMCSA, INTC, ADSK, ALGN, DXCM, ILMN, QCOM, VRTX, TSLA, XEL, ULTA, CTXS, NTAP, ATVI, ADP, MXIM, CHTR, AMGN, TMUS, PYPL, INTU, WDAY, MNST, MAR, EA, CTSH, ADI, BKNG, MCHP, SBUX, SNPS, VRSN, VRSK, TXN, CDNS, BMRN, MDLZ, TTWO, AVGO, EXC, PEP, CERN, FOX, COST, CSCO, IDXX, CPRT, ADBE, CSX, ANSS, ISRG, MSFT, ROST, LBTYK, EXPE, ORLY, INCY, FOXA, SWKS, ALXN, KHC, CSGP, NTES, NXPI, ASML, KLAC, AMD, AAPL, AMAT, AMZN, CHKP, LBTYA, BIDU, JD, MELI
                        
Stocks to watch on  Monday                     
                        
 Nasdaq100  xsing above30   = 5                    
  XEL, ADP, CHTR, COST, CSX                     
                        
 Nasdaq100  xsing below30  = 4                    
  DLTR, FAST, LRCX, SGEN                     
                        
                        
MACD Crossover:                      
Up   8                     
NFLX, CMCSA, INTC, QCOM, MXIM, ADI, GOOGL, CSX                    
                        
Down   1                     
ORLY                        
                        
 

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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)       ...