Monday, October 25, 2021

QQQ leads the move to the upside. SPY and DIA in new all times high. Sectors led by XLY and XLE

Impressive move in TSLA (+12.66%) reaching intraday all times high at $1045.02. 
Positive reaction to earnings on Facebook (FB) in the after-hours session sending /ES futures to all new times high.


 SPY Market Forecast 96.55 Bullish pointing up in the upper zone                
   0.56   PCALL - 10 day SMA (0.75 - 1.00)              
   139.34   SKEW (120 - 140)                
                     
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA                
  6-months UP                  
  10-days UP                  
  3-days UP                  
                     
Indices                     
UP:     QQQ +1.02% ; IWM +0.95% ; SPY +0.54% ; DIA +0.23%         
Down:                        
                     
  TLT -0.15% at 143.91                
  VIX -1.23% at 15.24                
                     
SPY   : New all times highs    above 30ds SMA              
QQQ   : HBO Setup for New all times highs   above 30ds SMA              
DIA   : New all times highs    above 30ds SMA              
IWM   : Channel Testing Resistance    above 30ds SMA              
                     
                     
Sectors                     
  8 sectors closed higher led by  XLY +2.48%  and  XLE +1.47%    Lower =  3        
  10            closing above 30d. SMA  and 1   closing below.  
                     
XLY leaders     :    TSLA, ETSY, UAA, TPR               
XLE leaders     :    OXY, EOG, BKR, VLO               
XLB leaders     :    NUE, FCX, ALB, MLM               
                     
Uptrend XLY, XLE, XLB, XLC, XLK, XLRE, XLI, XLV, XLF                
Sideways XLP, XLU                  
Downtrend                    
                     
                     
Breath:                     
NYSE Strengthened  as  Advancers led  2122   to   1244 and  Nasdaq   Strengthened  as  Advancers led 2984   to   1694     
                     
                     
NDX Leaders:                      
69 closing higher  and  33 closing Lower               
TSLA : +12.66% ;  MRNA : +7.05% ;  PTON : +2.95%           
                     
DJIA Leaders:                      
18 closing higher  and  12 closing Lower               
DIS : +1.53% ;  HD : +1.44% ;  WMT : +1.16%           
                     
SP500 Leaders:                      
267 closing higher  and  234 closing Lower               
MXIM : N/A ;  TSLA : +12.66% ;  MRNA : +7.05%           
                     
NASDAQ 100                    
                     
Nasdaq Above 30MA    =  71                  
TSLA, PTON, ILMN, ROST, ATVI, SGEN, AMD, MRVL, INTU, NVDA, DLTR, COST, PDD, XLNX, LULU, JD, TEAM, AVGO, ADI, DOCU, ANSS, ADSK, NFLX, SNPS, CSX, FISV, ZM, VRTX, EA, CPRT, ISRG, TXN, EXC, SPLK, ADBE, WDAY, WBA, CTAS, CDNS, VRSN, DXCM, PCAR, OKTA, NTES, QCOM, NXPI, FAST, ADP, SBUX, IDXX, KLAC, CDW, MAR, EBAY, AAPL, CTSH, AMAT, MDLZ, MSFT, ORLY, PEP, PAYX, VRSK, MTCH, AEP, CRWD, CHKP, BIDU, XEL, FOX, FOXA
                     
Stocks to watch on  Tuesday                  
                     
 Nasdaq100  xsing above30   = 4                 
  ILMN, ROST, NXPI, KLAC                  
                     
 Nasdaq100  xsing below30  = 3                 
  KDP, ASML, TCOM                  
                     
                     
MACD Crossover:                   
Up   0                  
                     
                     
Down   2                  
GOOG, GOOGL                    
                     
                     
SETUPS                    
BF  : SNPS, SPLK, PEP, DOCU, AXP, BIDU, GDXJ, IBKR, JD               
HBO  : NVDA, CDNS, ADSK, AU, CRM, CRWD, DG, DLTR, FAST, FB, JPM, NKE, TGT, NTAP, QQQ            
2T  : ADBE, WMT                  
MACD  :                    
CHANNEL  : INTC, LRCX, AMAT, DE, BBY, BIG, C, CSCO, IWM, MS, NTES, TLT              
BEAR  : MU, BYND                  
NH  : CPRT, CTAS, TSLA, ADI, COST, ACN, BAC, CSX, DIA, FAS, HD, UNH, NFLX, SPY, XLE, ZION, ORCL           
EPS  : AAPL, AMZN, MSFT, PYPL, SBUX, ALGN, CHKP, CHTR, CTSH, CTXS, FISV, QCOM, SWKS, PCAR, XLNX, EBAY, TXN, TMUS, VRSK, ATVI, CAT, MCHP, MELI, AKAM, AMD, BA, BABA, BKNG, CARR, CVS, DDOG, EA, GILD, GOLD, GOOGL, ILMN, KHC, KLAC, MCD, MMM, MNST, TWTR, V, SHOP, TWLO, SQ, NXPI
                     

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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)       ...