Friday, March 12, 2021

SPY at resistance in a HBO Setup with bullish posture.

 
SPY Market Forecast 78.72 Short-term bullish pointing up in the middle zone              
   0.58   PCALL - 10 day SMA (0.75 - 1.00)              
   140.29   SKEW (120 - 135)                
                     
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA                
  6-months UP                  
  10-days UP                  
  3-days UP                  
                     
Indices                     
UP:     DIA +0.92% ; IWM +0.59% ; SPY +0.13% ;           
Down:              QQQ -0.81%         
                     
  TLT -2.12% at 136.06                
  VIX -5.57% at 20.69                
                     
Sectors                     
  9 sectors closed higher led by  XLRE +1.72%  and  XLU +1.35%    Lower =  2        
  9            closing above 30d. SMA  and 2   closing below.  
                     
XLRE leaders     :    CCI, AVB, EQIX, PSA               
XLU leaders     :    WEC, ES, D, SRE                
XLI leaders     :    BA, CAT, GE, RTX                
                     
Uptrend XLI, XLF, XLB, XLE, XLC                  
Sideways XLRE, XLU, XLP, XLY, XLV, XLK                 
Downtrend                    
                     
                     
Breath:                     
NYSE Strengthened  as  Advancers led  1848   to   1414 and  Nasdaq   Strengthened  as  Advancers led 2171   to   1938     
                     
                     
NDX Leaders:                      
34 closing higher  and  69 closing Lower               
TCOM : +4.76% ;  WBA : +3.28% ;  FOXA : +2.23%           
                     
DJIA Leaders:                      
22 closing higher  and  8 closing Lower               
BA : +6.82% ;  CAT : +4.20% ;  WBA : +3.28%           
                     
SP500 Leaders:                      
351 closing higher  and  152 closing Lower               
VIAC : +10.04% ;  LB : +8.88% ;  BA : +6.82%           
                     
NASDAQ 100                    
                     
Nasdaq Above 30MA    =  43                  
TCOM, WBA, FOXA, EXPE, ORLY, FAST, BKNG, FOX, ROST, EXC, MDLZ, MAR, TMUS, ADP, LBTYK, SBUX, XEL, CMCSA, LBTYA, SIRI, CTSH, PAYX, CDW, CSCO, DLTR, CSX, FISV, CHTR, WDC, VRTX, CTAS, NTAP, INTC, TXN, INTU, PCAR, KHC, MU, FB, GOOGL, AMAT, GOOG, NXPI
                     
Stocks to watch on  Saturday                  
                     
 Nasdaq100  xsing above30   = 1                 
  FAST                   
                     
 Nasdaq100  xsing below30  = 4                 
  MNST, CTXS, WDAY, ULTA                  
                     
                     
MACD Crossover:                   
Up   11                  
TCOM, BKNG, AMD, NTES, EBAY, INTU, MELI, ADBE, SPLK, ANSS, ADSK               
                     
Down   4                  
KHC, VRSN, GILD, ULTA                   
                     

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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)       ...