Thursday, October 21, 2021

 SPY Market Forecast 87.3 Bullish pointing up in the upper zone              
   0.58   PCALL - 10 day SMA (0.75 - 1.00)            
   140.94   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 +0.61% ; IWM +0.26% ; SPY +0.26% ;         
Down:              DIA -0.02%       
                   
  TLT -0.12% at 142.56              
  VIX -3.10% at 15.01              
                   
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                   
  6 sectors closed higher led by  XLY +1.47%  and  XLV +0.41%    Lower =  4      
  11            closing above 30d. SMA  and 0   closing below.
                   
XLY leaders     :    POOL, TSCO, ULTA, GPC             
XLV leaders     :    ALXN, HCA, STE, UHS             
XLK leaders     :    MXIM, HPQ, PAYC, CDNS             
                   
Uptrend XLY, XLK, XLRE, XLC, XLF, XLE               
Sideways XLV, XLI, XLU, XLP, XLB                
Downtrend                  
                   
                   
Breath:                   
NYSE Weakened  as  Decliners led  1544   to   1740 and  Nasdaq   Strengthened  as  Decliners led 2271   to   2270   
                   
                   
NDX Leaders:                    
74 closing higher  and  28 closing Lower             
MTCH : +10.29% ;  PTON : +4.61% ;  NFLX : +4.48%         
                   
DJIA Leaders:                    
13 closing higher  and  17 closing Lower             
NKE : +2.35% ;  HD : +1.78% ;  UNH : +1.65%         
                   
SP500 Leaders:                    
280 closing higher  and  222 closing Lower             
MXIM : N/A ;  POOL : +7.65% ;  HPQ : +6.93%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  74                
MTCH, PTON, NFLX, CDNS, TSLA, DOCU, ORLY, NVDA, AMD, ADSK, LULU, DXCM, XLNX, NXPI, TEAM, SNPS, CSX, COST, CPRT, MAR, WBA, INTU, ANSS, OKTA, WDAY, CDW, INTC, DLTR, MSFT, ADI, EA, ADBE, TXN, AVGO, SPLK, VRTX, VRSN, CHKP, ATVI, ADP, QCOM, AMZN, VRSK, SBUX, IDXX, PAYX, HON, NTES, AEP, EBAY, CRWD, GOOG, CTAS, FAST, AAPL, GOOGL, XEL, FISV, TCOM, ISRG, CTSH, MRVL, BIDU, MDLZ, PCAR, EXC, ZM, SGEN, PEP, FOXA, FOX, SIRI, JD, PDD
                   
Stocks to watch on  Friday                
                   
 Nasdaq100  xsing above30   = 3               
  PTON, NXPI, IDXX                
                   
 Nasdaq100  xsing below30  = 4               
  AMAT, CSCO, KHC, KDP                
                   
                   
MACD Crossover:                 
Up   2                
GILD, ALGN                  
                   
Down   2                
KDP, PYPL                  
                   
                   
SETUPS                  
BF  : ADBE, CTAS, PEP, ACN, BIDU, CRM, TGT, XLE, ZION, ORCL             
HBO  : INTC, NVDA, CPRT, SNPS, SPLK, TSLA, ADI, DE, AU, CRWD, CSCO, DG, DIA, FAST, IBKR, JD, JPM, SPY, NTAP, QQQ, WMT      
2T  : DOCU, ADSK, CSX, DLTR, NTES, NKE               
MACD  :                  
CHANNEL  : AMAT, BBY, BIG, C, GDXJ, IWM, MS, TLT               
BEAR  : PYPL, LRCX, MU                
NH  : COST, BAC, FAS, HD, UNH, NFLX               
EPS  : AAPL, AMZN, MSFT, SBUX, ALGN, CDNS, CHKP, CHTR, CTSH, CTXS, FISV, QCOM, SWKS, PCAR, XLNX, EBAY, TXN, TMUS, VRSK, ATVI, CAT, MCHP, MELI, AKAM, AMD, AXP, BA, BABA, BKNG, BYND, CARR, CVS, DDOG, EA, FB, 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)       ...