Tuesday, October 19, 2021

All indices closed higher led by QQQ. Sector led by XLV Health Care. SPY Market forecast bullish in the middle upper zone

 SPY Market Forecast 65.71 Bullish pointing up in the middle zone                    
   0.62   PCALL - 10 day SMA (0.75 - 1.00)                  
   143.77   SKEW (120 - 140)                    
                         
INTERMEDIATE TERM: Sideways- Price in between 30 &10 Wk SMA                   
  6-months UP                      
  10-days UP                      
  3-days UP                      
                         
Indices                         
UP:     QQQ +0.76% ; SPY +0.77% ; DIA +0.56% ; IWM +0.37%             
Down:                            
                         
  TLT -1.38% at 143.7                    
  VIX -3.74% at 15.7                    
                         
SPY   : HBO Setup for New all times highs   above 30ds SMA                  
QQQ   : HBO Setup for New all times highs   above 30ds SMA                  
DIA   : Bull flag triggered    above 30ds SMA                  
IWM   : Channel    above 30ds SMA                  
                         
                         
Sectors                         
  10 sectors closed higher led by  XLV +1.31%  and  XLU +1.26%    Lower =  1            
  8            closing above 30d. SMA  and 3   closing below.      
                         
XLV leaders     :    ALXN, EW, SYK, BSX                   
XLU leaders     :    D, ATO, FE, SRE                    
XLE leaders     :    NOV, VLO, PSX, HFC                   
                         
Uptrend XLE, XLK, XLC, XLF, XLRE, XLY                     
Sideways XLV, XLU, XLI, XLB, XLP                      
Downtrend                        
                         
                         
Breath:                         
NYSE Strengthened  as  Advancers led  1874   to   1405 and  Nasdaq   Strengthened  as  Advancers led 2779   to   1670         
                         
                         
NDX Leaders:                          
78 closing higher  and  24 closing Lower                   
BIDU : +4.65% ;  JD : +3.02% ;  FOXA : +2.62%               
                         
DJIA Leaders:                          
23 closing higher  and  7 closing Lower                   
MRK : +3.03% ;  JNJ : +2.34% ;  WMT : +2.12%               
                         
SP500 Leaders:                          
369 closing higher  and  133 closing Lower                   
MXIM : N/A ;  PENN : +5.23% ;  D : +4.53%               
                         
NASDAQ 100                        
                         
Nasdaq Above 30MA    =  69                      
BIDU, JD, FOXA, VRTX, NTES, FOX, ADBE, ADI, QCOM, TXN, WDAY, DXCM, MTCH, AAPL, INTU, PAYX, ANSS, AVGO, ADSK, INTC, SGEN, PEP, DOCU, FISV, CTSH, COST, FAST, CHKP, ATVI, SPLK, MRVL, AMAT, EXC, PCAR, CDNS, ZM, CDW, CTAS, ADP, EBAY, GOOG, VRSN, PDD, HON, PYPL, VRSK, XEL, GOOGL, NVDA, MSFT, CPRT, NFLX, SBUX, ORLY, KDP, AMZN, AMD, XLNX, LULU, KHC, CSX, DLTR, TSLA, OKTA, TEAM, CRWD, BKNG, TCOM, MAR
                         
Stocks to watch on  Wednesday                      
                         
 Nasdaq100  xsing above30   = 9                     
  VRTX, QCOM, DXCM, ATVI, AMAT, CDNS, CDW, PYPL, SBUX                  
                         
 Nasdaq100  xsing below30  = 0                     
                         
                         
                         
MACD Crossover:                       
Up   5                      
CMCSA, AMGN, CHTR, MTCH, TMUS                      
                         
Down   3                      
BIIB, BKNG, TCOM                       
                         

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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)       ...