Thursday, March 11, 2021

All indices up led by QQQ and IWM

 
SPY Market Forecast 71.74 Short-term bullish pointing up in the middle zone            
   0.59   PCALL - 10 day SMA (0.75 - 1.00)            
   139.61   SKEW (120 - 135)              
                   
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA              
  6-months UP                
  10-days UP                
  3-days UP                
                   
Indices                   
UP:     QQQ +2.30% ; IWM +2.20% ; SPY +1.01% ; DIA +0.62%       
Down:                      
                   
  TLT -0.72% at 139.01              
  VIX -2.88% at 21.91              
                   
Sectors                   
  8 sectors closed higher led by  XLK +2.14%  and  XLC +1.89%    Lower =  3      
  9            closing above 30d. SMA  and 2   closing below.
                   
XLK leaders     :    PYPL, NVDA, ADBE, MSFT             
XLC leaders     :    NFLX, FB, GOOGL, GOOG             
XLY leaders     :    NKE, AMZN, LOW, DG             
                   
Uptrend XLC, XLB, XLI, XLE, XLF                
Sideways XLK, XLY, XLRE, XLV, XLP, XLU               
Downtrend                  
                   
                   
Breath:                   
NYSE Strengthened  as  Advancers led  2429   to   857 and  Nasdaq   Strengthened  as  Advancers led 3268   to   865   
                   
                   
NDX Leaders:                    
88 closing higher  and  15 closing Lower             
MELI : +9.42% ;  BIDU : +6.76% ;  ALGN : +6.29%         
                   
DJIA Leaders:                    
17 closing higher  and  13 closing Lower             
BA : +2.71% ;  NKE : +2.62% ;  MSFT : +2.03%         
                   
SP500 Leaders:                    
300 closing higher  and  203 closing Lower             
FCX : +8.73% ;  ETSY : +7.24% ;  ALGN : +6.29%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  46                
WDAY, TCOM, MU, NXPI, INTU, AMAT, FB, TXN, WDC, GOOGL, GOOG, CTXS, CDW, EXPE, CTSH, CTAS, NTAP, WBA, INTC, LBTYA, SIRI, ULTA, PCAR, FOX, MAR, LBTYK, CSCO, FOXA, DLTR, PAYX, EXC, VRTX, CSX, FISV, MDLZ, ORLY, MNST, ADP, BKNG, SBUX, XEL, CMCSA, ROST, CHTR, TMUS, KHC
                   
Stocks to watch on  Friday                
                   
 Nasdaq100  xsing above30   = 9               
  WDAY, MU, NXPI, INTU, TXN, CTXS, NTAP, SIRI, VRTX             
                   
 Nasdaq100  xsing below30  = 0               
                   
                   
                   
MACD Crossover:                 
Up   14                
XLNX, WDAY, NXPI, TXN, QCOM, EXPE, MSFT, AMZN, INTC, ISRG, AAPL, COST, VRSN, FAST           
                   
Down   0                
                   
                   

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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)       ...