Monday, February 22, 2021

QQQ down -2.59% followed by SPY -.77%

SPY Market Forecast 86.19 Short-term bearish pointing down in the upper zone           
   0.49   PCALL - 10 day SMA (0.75 - 1.00)             
   141.53   SKEW (120 - 135)               
                    
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA               
  6-months UP                 
  10-days DOWN                 
  3-days DOWN                 
                    
Indices                    
UP:     DIA +0.09% ;                
Down:        IWM -0.65% ; SPY -0.77% ; QQQ -2.59%        
                    
  TLT -0.76% at 142.18               
  VIX +6.35% at 23.45               
                    
Sectors                    
  6 sectors closed higher led by  XLE +3.46%  and  XLF +0.93%    Lower =  5       
  6            closing above 30d. SMA  and 5   closing below.
                    
XLE leaders     :    EOG, SLB, COP, VLO              
XLF leaders     :    AXP, BAC, BRK/B, JPM              
XLRE leaders     :    SPG, WELL, PSA, DLR              
                    
Uptrend XLE, XLF, XLRE, XLB, XLI, XLC, XLK                
Sideways XLP, XLV, XLU, XLY                 
Downtrend                   
                    
                    
Breath:                    
NYSE Weakened  as  Decliners led  1563   to   1691 and  Nasdaq   Weakened  as  Decliners led 1531   to   2506    
                    
                    
NDX Leaders:                     
19 closing higher  and  83 closing Lower              
MAR : +4.61% ;  VRTX : +3.84% ;  FOX : +3.15%          
                    
DJIA Leaders:                     
14 closing higher  and  14 closing Lower              
DIS : +4.42% ;  CAT : +3.88% ;  DOW : +3.46%          
                    
SP500 Leaders:                     
255 closing higher  and  246 closing Lower              
PBCT : +14.92% ;  AAL : +9.42% ;  RCL : +9.33%          
                    
NASDAQ 100                   
                    
Nasdaq Above 30MA    =  54                 
MAR, FOX, FOXA, TCOM, BKNG, BIIB, ROST, ULTA, FISV, CTXS, EXPE, ADP, CMCSA, CSX, PAYX, NTAP, PCAR, KHC, EBAY, ORLY, CTAS, CDW, BIDU, IDXX, WDC, DXCM, GOOGL, GOOG, WDAY, INTU, ASML, MSFT, AVGO, ADI, MXIM, LBTYK, TXN, ANSS, NXPI, ILMN, ALGN, LBTYA, AMAT, INTC, NVDA, ATVI, SWKS, KLAC, MCHP, PYPL, LRCX, MU, ZM, JD
                    
Stocks to watch on  Tuesday                 
                    
 Nasdaq100  xsing above30   = 1                
  CTXS                  
                    
 Nasdaq100  xsing below30  = 12                
  NFLX, SBUX, ADBE, ADSK, EA, DLTR, CPRT, CSGP, CDNS, NTES, MELI, DOCU            
                    
                    
MACD Crossover:                  
Up   1                 
VRTX                    
                    
Down   21                 
ALXN, MNST, CTAS, DXCM, CHTR, INTU, ADSK, EA, XEL, ASML, AVGO, DLTR, TXN, ANSS, ILMN, LULU, INTC, NVDA, CPRT, PYPL, DOCU       
                    
 
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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)       ...