Thursday, October 28, 2021

SPY in an HBO setup with Market Forecast pointing up (bullish). All indices finished up led by IWM. All sectors closed higher led by Real Estate (XLRE)

 SPY Market Forecast 94.15 Bullish pointing up in the upper zone              
   0.53   PCALL - 10 day SMA (0.75 - 1.00)            
   144.73   SKEW (120 - 140)              
                   
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA              
  6-months UP                
  10-days UP                
  3-days UP                
                   
Indices                   
UP:     IWM +1.99% ; QQQ +1.11% ; SPY +0.96% ; DIA +0.65%       
Down:                      
                   
  TLT -0.34% at 147.24              
  VIX -2.65% at 16.53              
                   
SPY   : HBO Setup    above 30ds SMA            
QQQ   : New all times highs    above 30ds SMA            
DIA   : Bull Flag Setup    above 30ds SMA            
IWM   : Channel Testing Resistance    above 30ds SMA            
                   
                   
Sectors                   
  11 sectors closed higher led by  XLRE +1.47%  and  XLI +1.25%    Lower =  0      
  10            closing above 30d. SMA  and 1   closing below.
                   
XLRE leaders     :    EXR, PSA, EQIX, DRE             
XLI leaders     :    AOS, NLSN, URI, PWR             
XLY leaders     :    F, GPS, WHR, LKQ              
                   
Uptrend XLRE, XLI, XLY, XLF, XLK, XLB, XLV, XLE, XLC              
Sideways XLU, XLP                
Downtrend                  
                   
                   
Breath:                   
NYSE Strengthened  as  Advancers led  2322   to   1014 and  Nasdaq   Strengthened  as  Advancers led 3270   to   1326   
                   
                   
NDX Leaders:                    
81 closing higher  and  21 closing Lower             
REGN : +6.04% ;  ALGN : +4.54% ;  KLAC : +4.34%         
                   
DJIA Leaders:                    
25 closing higher  and  5 closing Lower             
MRK : +6.14% ;  CAT : +4.06% ;  AAPL : +2.50%         
                   
SP500 Leaders:                    
407 closing higher  and  94 closing Lower             
MXIM : N/A ;  TER : +11.33% ;  AOS : +10.50%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  70                
REGN, KLAC, PCAR, NXPI, TSLA, KDP, AMAT, ADSK, DLTR, AAPL, SNPS, SWKS, CDNS, LULU, DXCM, PTON, ROST, NVDA, IDXX, ISRG, QCOM, SGEN, NFLX, AMZN, XEL, ASML, EXC, ZM, ANSS, AVGO, HON, WDAY, ADI, FOX, MRVL, FAST, CSX, TEAM, MDLZ, CDW, CPRT, CRWD, SPLK, CTAS, PAYX, VRSK, PEP, BIDU, CHKP, AEP, ADP, ILMN, INTU, MSFT, ATVI, COST, CSCO, MAR, JD, XLNX, EA, ADBE, GOOG, GOOGL, SBUX, NTES, CTSH, DOCU, AMD, ORLY
                   
Stocks to watch on  Friday                
                   
 Nasdaq100  xsing above30   = 13               
  KLAC, NXPI, KDP, AMAT, PTON, ROST, SIRI, XEL, HON, ADI, FOX, CDW, ILMN           
                   
 Nasdaq100  xsing below30  = 2               
  OKTA, EBAY                
                   
                   
MACD Crossover:                 
Up   2                
PCAR, KDP                  
                   
Down   10                
ADI, TEAM, CRWD, CTAS, PAYX, VRSN, CMCSA, OKTA, ORLY, EBAY             
                   
                   
SETUPS                  
BF  : ADBE, MSFT, NVDA, CDNS, CPRT, CTAS, SNPS, SPLK, PAYX, XLNX, ADP, AMD, CRWD, JD, MRVL, AEP, AVGO, TEAM       
HBO  : AMZN, PCAR, TSLA, PEP, COST, ADSK, CSCO, FAST, GOOGL, NFLX, NTES, GOOG, DXCM          
2T  : DLTR, ISRG                
MACD  :                  
CHANNEL  : AAPL, SBUX, CHKP, CTSH, EBAY, ASML, DOCU, BIDU, ORLY, ZM, OKTA            
BEAR  :                  
NH  : WDAY, INTU, CSX, LULU, SGEN               
EPS  : IDXX, QCOM, SWKS, EXC, VRSK, ATVI, EA, MAR, REGN, MDLZ, ANSS            
                   

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SPY touched all times high once again and reversed at close

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