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                   
                     

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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)       ...