Monday, October 11, 2021

All indices finished lower. SPY back to the descending channel and to the inside of the October opening day confirming a lower high in the daily.

 SPY Market Forecast 34.24 Bullish pointing up in the middle zone               
   0.69   PCALL - 10 day SMA (0.75 - 1.00)             
   134.7   SKEW (120 - 135)               
                    
INTERMEDIATE TERM: Sideways- Price in between 30 &10 Wk SMA              
  6-months UP                 
  10-days DOWN                 
  3-days DOWN                 
                    
Indices                    
UP:                       
Down:     IWM -0.57% ; SPY -0.72% ; DIA -0.73% ; QQQ -0.77%        
                    
  TLT -0.25% at 141.52               
  VIX +6.55% at 20               
                    
SPY   : Confirming a lower low    below 30ds SMA             
QQQ   : Confirming a lower low    below 30ds SMA             
DIA   : Confirming a lower low    below 30ds SMA             
IWM   : Channel   Crossing above 30ds SMA            
                    
                    
Sectors                    
  2 sectors closed higher led by  XLRE +0.13%  and  XLB +0.01%    Lower =  9       
  2            closing above 30d. SMA  and 9   closing below.
                    
XLRE leaders     :    WY, VNO, O, PSA               
XLB leaders     :    MOS, FCX, IP, WRK               
XLP leaders     :    ADM, HRL, PG, GIS               
                    
Uptrend XLE                  
Sideways XLRE, XLB, XLP, XLY, XLK, XLV, XLI, XLF, XLC               
Downtrend XLU                  
                    
                    
Breath:                    
NYSE Weakened  as  Decliners led  1418   to   1826 and  Nasdaq   Weakened  as  Decliners led 1677   to   2745    
                    
                    
NDX Leaders:                     
13 closing higher  and  88 closing Lower              
CHKP : +1.80% ;  AMAT : +1.01% ;  TSLA : +0.82%          
                    
DJIA Leaders:                     
6 closing higher  and  24 closing Lower              
HD : +0.79% ;  CRM : +0.47% ;  PG : +0.42%          
                    
SP500 Leaders:                     
124 closing higher  and  378 closing Lower              
MXIM : N/A ;  ENPH : +4.47% ;  MOS : +3.76%          
                    
NASDAQ 100                   
                    
Nasdaq Above 30MA    =  30                 
CHKP, TSLA, KDP, SPLK, SGEN, PEP, BIDU, KHC, CTAS, MAR, BKNG, TEAM, NTES, FOXA, EA, DLTR, VRSK, FOX, TCOM, CSX, XLNX, EBAY, JD, ORLY, NFLX, PAYX, PCAR, ADP, MTCH, MRVL  
                    
Stocks to watch on  Tuesday                 
                    
 Nasdaq100  xsing above30   = 1                
  CHKP                  
                    
 Nasdaq100  xsing below30  = 1                
  TXN                  
                    
                    
MACD Crossover:                  
Up   3                 
AVGO, CTSH, NVDA                  
                    
Down   7                 
KHC, MAR, INTC, SIRI, PYPL, FISV, CMCSA                 
                    

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SPY touched all times high once again and reversed at close

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