Tuesday, August 24, 2021

 SPY Market Forecast 83.77 Short-term bullish pointing up in the upper zone              
   0.61   PCALL - 10 day SMA (0.75 - 1.00)              
   159.02   SKEW (120 - 135)                
                     
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA                
  6-months UP                  
  10-days SIDEWAYS                  
  3-days UP                  
                     
Indices                     
UP:     IWM +0.98% ; QQQ +0.31% ; SPY +0.16% ; DIA +0.08%         
Down:                        
                     
  TLT -0.78% at 149.28                
  VIX +0.41% at 17.22                
                     
SPY   : New Highs    above 30ds SMA              
QQQ   : New Highs    above 30ds SMA              
DIA   : HBO Setup    above 30ds SMA              
IWM   : Channel - HBO Setup    above 30ds SMA              
                     
                     
Sectors                     
  6 sectors closed higher led by  XLE +1.66%  and  XLY +0.71%    Lower =  5        
  10            closing above 30d. SMA  and 1   closing below.  
                     
XLE leaders     :    DVN, NOV, HAL, OXY               
XLY leaders     :    BBY, LVS, WYNN, CZR               
XLB leaders     :    MOS, FCX, NUE, LYB               
                     
Uptrend XLY, XLC, XLK, XLV, XLU, XLRE, XLP                 
Sideways XLB, XLF, XLI                  
Downtrend XLE                   
                     
                     
Breath:                     
NYSE Strengthened  as  Advancers led  2238   to   1084 and  Nasdaq   Strengthened  as  Advancers led 2881   to   1601     
                     
                     
NDX Leaders:                      
57 closing higher  and  45 closing Lower               
JD : +14.44% ;  NTES : +8.97% ;  BIDU : +8.63%           
                     
DJIA Leaders:                      
16 closing higher  and  14 closing Lower               
DOW : +1.93% ;  GS : +1.77% ;  CAT : +1.65%           
                     
SP500 Leaders:                      
311 closing higher  and  189 closing Lower               
FLIR : N/A ;  BBY : +8.32% ;  LVS : +7.53%           
                     
NASDAQ 100                    
                     
Nasdaq Above 30MA    =  65                  
PDD, JD, SPLK, OKTA, TCOM, BKNG, MELI, ALGN, NXPI, DLTR, SGEN, CHKP, CSCO, WDAY, ADSK, SNPS, GOOG, MRVL, GOOGL, BIIB, CTSH, VRTX, FISV, FB, DXCM, ANSS, REGN, TEAM, LULU, TSLA, INTU, CDNS, MCHP, ISRG, ADBE, CDW, NFLX, AAPL, MNST, KLAC, VRSK, EA, FOXA, AVGO, FOX, CTAS, XLNX, EXC, WBA, GILD, CMCSA, EBAY, ROST, CHTR, MSFT, COST, ASML, NVDA, FAST, AEP, PAYX, AMD, CSX, MXIM, MRNA
                     
Stocks to watch on  Wednesday                  
                     
 Nasdaq100  xsing above30   = 5                 
  PDD, JD, OKTA, BKNG, HON                  
                     
 Nasdaq100  xsing below30  = 4                 
  XEL, PEP, ADP, ADI                  
                     
                     
MACD Crossover:                   
Up   14                  
JD, NTES, BIDU, PTON, SPLK, OKTA, BKNG, MAR, INTC, GOOG, GOOGL, SWKS, ANSS, XLNX             
                     
Down   4                  
CHTR, PEP, MDLZ, CSX                   
                     

Friday, August 06, 2021

 SPY Market Forecast 93.27 Short-term bullish pointing up in the lower zone            
   0.59   PCALL - 10 day SMA (0.75 - 1.00)            
   150.96   SKEW (120 - 135)              
                   
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA              
  6-months UP                
  10-days UP                
  3-days UP                
                   
Indices                   
UP:     IWM +0.61% ; DIA +0.42% ; SPY +0.17% ;         
Down:              QQQ -0.44%       
                   
  TLT -1.67% at 147.78              
  VIX -6.54% at 16.15              
                   
SPY   : New Highs    above 30ds SMA            
QQQ   : Bull Flag    above 30ds SMA            
DIA   : New Highs    above 30ds SMA            
IWM   : Channel   Crossing above 30ds SMA           
                   
                   
Sectors                   
  4 sectors closed higher led by  XLF +2.02%  and  XLB +1.45%    Lower =  5      
  10            closing above 30d. SMA  and 1   closing below.
                   
XLF leaders     :    AIG, UNM, SCHW, WFC             
XLB leaders     :    CTVA, BLL, ALB, LYB             
XLE leaders     :    HAL, NOV, SLB, MPC             
                   
Uptrend XLF, XLC, XLU, XLV, XLK, XLRE, XLY               
Sideways XLB, XLE, XLI, XLP                
Downtrend                  
                   
                   
Breath:                   
NYSE Strengthened  as  Advancers led  1972   to   1318 and  Nasdaq   Strengthened  as  Advancers led 2262   to   2113   
                   
                   
NDX Leaders:                    
37 closing higher  and  65 closing Lower             
MNST : +5.46% ;  ATVI : +2.63% ;  WDC : +2.52%         
                   
DJIA Leaders:                    
17 closing higher  and  13 closing Lower             
GS : +3.54% ;  JPM : +2.84% ;  DOW : +1.64%         
                   
SP500 Leaders:                    
322 closing higher  and  178 closing Lower             
FLIR : N/A ;  CTVA : +8.01% ;  DXC : +6.12%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  72                
MNST, ROST, REGN, ADSK, FISV, ISRG, BIIB, ADI, MU, CMCSA, CSX, NXPI, LRCX, ANSS, AMAT, MXIM, FB, CERN, PAYX, GOOG, CHTR, SBUX, PEP, MSFT, MCHP, HON, MAR, KLAC, TXN, ADBE, ADP, EXC, CTAS, XEL, SNPS, ORLY, CDW, CSCO, FAST, AEP, QCOM, GOOGL, CDNS, AVGO, XLNX, CTSH, MRNA, AAPL, INTU, SGEN, GILD, ALGN, COST, MRVL, CHKP, VRSK, DOCU, VRTX, SPLK, NVDA, DXCM, LULU, ASML, CPRT, MELI, FOXA, AMD, TSLA, TEAM, IDXX, ILMN, ZM
                   
Stocks to watch on  Saturday                
                   
 Nasdaq100  xsing above30   = 4               
  MNST, ROST, FISV, BIIB                
                   
 Nasdaq100  xsing below30  = 3               
  BKNG, FOX, OKTA                
                   
                   
MACD Crossover:                 
Up   6                
ROST, REGN, CSX, SIRI, TCOM, BKNG                
                   
Down   3                
QCOM, GOOGL, INTU                 
                   

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)       ...