Wednesday, October 20, 2021

SPY Market Forecast about to cross to the upper zone. All sector above 30ds SMA. IWM led the move to the upside followed by DIA. QQQ retraced a bit after monster day to the upside

 SPY Market Forecast 79.14 Bullish pointing up in the middle zone              
   0.6   PCALL - 10 day SMA (0.75 - 1.00)            
   141.23   SKEW (120 - 140)              
                   
INTERMEDIATE TERM: Sideways- Price in between 30 &10 Wk SMA             
  6-months UP                
  10-days UP                
  3-days UP                
                   
Indices                   
UP:     IWM +0.66% ; DIA +0.44% ; SPY +0.39% ;         
Down:              QQQ -0.13%       
                   
  TLT -0.68% at 142.73              
  VIX -1.34% at 15.49              
                   
SPY   : HBO Setup for New all times highs   above 30ds SMA            
QQQ   : HBO Setup for New all times highs   above 30ds SMA            
DIA   : HBO Setup for New all times highs   above 30ds SMA            
IWM   : Channel Testing Resistance    above 30ds SMA            
                   
                   
Sectors                   
  9 sectors closed higher led by  XLU +1.58%  and  XLRE +1.53%    Lower =  2      
  11            closing above 30d. SMA  and 0   closing below.
                   
XLU leaders     :    AES, EIX, ED, NEE              
XLRE leaders     :    PLD, VNO, KIM, BXP             
XLV leaders     :    ALXN, ANTM, CNC, CI             
                   
Uptrend XLRE, XLE, XLF, XLC, XLY, XLK               
Sideways XLU, XLV, XLB, XLI, XLP                
Downtrend                  
                   
                   
Breath:                   
NYSE Strengthened  as  Advancers led  2244   to   1042 and  Nasdaq   Strengthened  as  Advancers led 2591   to   1882   
                   
                   
NDX Leaders:                    
63 closing higher  and  39 closing Lower             
SIRI : +2.99% ;  TMUS : +2.85% ;  PTON : +2.79%         
                   
DJIA Leaders:                    
22 closing higher  and  8 closing Lower             
UNH : +2.52% ;  VZ : +2.41% ;  TRV : +2.12%         
                   
SP500 Leaders:                    
391 closing higher  and  113 closing Lower             
MXIM : N/A ;  ANTM : +7.70% ;  PBCT : +5.85%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  75                
SIRI, PDD, EA, EXC, EBAY, SNPS, AEP, DXCM, ATVI, BIDU, DLTR, ISRG, CSX, SPLK, XEL, NTES, ORLY, CPRT, HON, MDLZ, CSCO, CDNS, WBA, PEP, JD, CHKP, FOX, ADSK, TXN, COST, PCAR, KDP, FOXA, CDW, SGEN, CRWD, AAPL, SBUX, KHC, INTC, TSLA, ADI, XLNX, PAYX, AMD, VRTX, WDAY, CTAS, VRSK, ANSS, TEAM, AVGO, ZM, QCOM, MSFT, TCOM, INTU, ADP, FAST, AMAT, LULU, OKTA, ADBE, DOCU, VRSN, CTSH, NVDA, AMZN, MTCH, MRVL, GOOG, GOOGL, FISV, MAR, NFLX
                   
Stocks to watch on  Thursday                
                   
 Nasdaq100  xsing above30   = 8               
  SIRI, EA, SNPS, AEP, ISRG, MDLZ, CSCO, WBA              
                   
 Nasdaq100  xsing below30  = 2               
  BKNG, PYPL                
                   
                   
MACD Crossover:                 
Up   3                
SIRI, EA, MU                  
                   
Down   0                
                   
                   
                   
SETUPS                  
BF  : ADBE, NVDA, TSLA, DOCU, ACN, CRM, DDOG, NFLX, TGT, ORCL            
HBO  : SNPS, ADI, TXN, COST, DE, ADSK, AU, BABA, BIDU, CRWD, CSCO, CSX, DG, DIA, DLTR, FAST, GDXJ, IBKR, ILMN, IWM, JD, JPM, NKE, SPY, SQ, WMT   
2T  : CPRT, SPLK, NTES, QQQ                
MACD  :                  
CHANNEL  : PYPL, CTXS, AMAT, MCHP, BBY, BIG, C, GOLD, MS, NTAP, TLT            
BEAR  : MU, BYND, MNST                
NH  : CTAS, PEP, BAC, FAS, HD, UNH, XLE, ZION              
EPS  : AAPL, AMZN, INTC, MSFT, SBUX, ALGN, CDNS, CHKP, CHTR, CTSH, FISV, QCOM, SWKS, PCAR, XLNX, EBAY, TMUS, LRCX, VRSK, ATVI, CAT, MELI, AKAM, AMD, AXP, BA, BKNG, CARR, CVS, EA, FB, GILD, GOOGL, KHC, KLAC, MCD, MMM, TWTR, V, SHOP, TWLO, 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)       ...