Thursday, February 04, 2021

IWM, QQQ, SPY and DIA all higher. Intermediate Market Sentiment higher in the middle zone.

 
                    
SPY Market Forecast 71.59 Short-term bullish pointing up in the middle zone             
   0.5   PCALL - 10 day SMA (0.75 - 1.00)             
   134.3   SKEW (120 - 135)               
                    
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA               
  6-months UP                 
  10-days UP                 
  3-days UP                 
                    
Indices                    
UP:     IWM +2.04% ; QQQ +1.18% ; SPY +1.14% ; DIA +1.11%        
Down:                       
                    
  TLT -0.27% at 149.28               
  VIX -5.37% at 21.68               
                    
Sectors                    
  10 sectors closed higher led by  XLF +2.22%  and  XLK +1.60%    Lower =  1       
  9            closing above 30d. SMA  and 2   closing below.
                    
XLF leaders     :    AXP, WFC, BAC, JPM              
XLK leaders     :    PYPL, V, CSCO, AAPL              
XLE leaders     :    EOG, SLB, XOM, COP              
                    
Uptrend XLF, XLK, XLY, XLC, XLV, XLB                 
Sideways XLE, XLI, XLU, XLP, XLRE                 
Downtrend                   
                    
                    
Breath:                    
NYSE Strengthened  as  Advancers led  2336   to   875 and  Nasdaq   Strengthened  as  Advancers led 2903   to   1044    
                    
                    
NDX Leaders:                     
85 closing higher  and  18 closing Lower              
ALGN : +12.63% ;  PYPL : +7.36% ;  CDW : +6.38%          
                    
DJIA Leaders:                     
27 closing higher  and  3 closing Lower              
V : +3.92% ;  TRV : +3.80% ;  AXP : +3.70%          
                    
SP500 Leaders:                     
390 closing higher  and  114 closing Lower              
ALGN : +12.63% ;  LB : +9.35% ;  PYPL : +7.36%          
                    
NASDAQ 100                   
                    
Nasdaq Above 30MA    =  62                 
ALGN, PYPL, CDW, EBAY, NXPI, DOCU, AMAT, INTU, CSCO, LRCX, DXCM, BIDU, EXC, KLAC, MCHP, MU, WDC, SBUX, AAPL, ZM, EXPE, NFLX, ASML, ULTA, ADP, WDAY, GILD, TXN, ILMN, CTAS, ANSS, CMCSA, INTC, FISV, SNPS, PAYX, IDXX, CDNS, BIIB, ADBE, PCAR, MELI, MNST, AVGO, NVDA, ROST, WBA, SPLK, AMZN, CERN, NTAP, CSGP, CTXS, FB, ATVI, SWKS, GOOGL, GOOG, MSFT, NTES, TSLA, JD
                    
Stocks to watch on  Friday                 
                    
 Nasdaq100  xsing above30   = 8                
  DOCU, LRCX, MCHP, SBUX, ADP, CTAS, PAYX, IDXX              
                    
 Nasdaq100  xsing below30  = 1                
  QCOM                  
                    
                    
MACD Crossover:                  
Up   12                 
EBAY, EXC, BKNG, ADSK, SBUX, EXPE, ORLY, ANSS, PEP, AVGO, DLTR, COST              
                    
Down   4                 
ILMN, TTWO, SIRI, CTSH                  
                    

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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)       ...