Friday, October 22, 2021

 SPY Market Forecast 92.12 Bullish pointing up in the upper zone                
   0.58   PCALL - 10 day SMA (0.75 - 1.00)              
   140.94   SKEW (120 - 140)                
                     
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA                
  6-months UP                  
  10-days UP                  
  3-days UP                  
                     
Indices                     
UP:     DIA +0.22% ;                 
Down:        SPY -0.10% ; IWM -0.24% ; QQQ -0.84%         
                     
  TLT +1.10% at 144.13                
  VIX +2.80% at 15.43                
                     
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                     
  7 sectors closed higher led by  XLF +1.40%  and  XLE +0.94%    Lower =  4        
  10            closing above 30d. SMA  and 1   closing below.  
                     
XLF leaders     :    SIVB, AXP, WRB, RF               
XLE leaders     :    OXY, APA, MRO, HAL               
XLP leaders     :    LW, EL, KR, ADM                
                     
Uptrend XLF, XLE, XLRE, XLV, XLI, XLB, XLK, XLY, XLC                
Sideways XLP, XLU                  
Downtrend                    
                     
                     
Breath:                     
NYSE Strengthened  as  Advancers led  1669   to   1616 and  Nasdaq   Weakened   as  Advancers led 1982   to   2558     
                     
                     
NDX Leaders:                      
49 closing higher  and  52 closing Lower               
EBAY : +5.75% ;  KLAC : +2.24% ;  INTU : +2.15%           
                     
DJIA Leaders:                      
15 closing higher  and  15 closing Lower               
AXP : +5.42% ;  GS : +1.65% ;  UNH : +1.56%           
                     
SP500 Leaders:                      
324 closing higher  and  176 closing Lower               
MXIM : N/A ;  SIVB : +6.80% ;  STX : +6.07%           
                     
NASDAQ 100                    
                     
Nasdaq Above 30MA    =  70                  
EBAY, INTU, PDD, AMAT, NFLX, TSLA, ASML, TEAM, ADP, VRSN, CSX, PAYX, IDXX, ZM, COST, ADSK, KDP, CDNS, ADBE, ATVI, DLTR, MDLZ, ISRG, CTAS, PEP, CDW, NTES, EXC, AEP, AMD, VRSK, EA, PCAR, CPRT, AVGO, OKTA, CHKP, NVDA, SBUX, ORLY, SNPS, FISV, WDAY, FAST, XEL, CTSH, ANSS, FOXA, ADI, CRWD, DXCM, WBA, FOX, MSFT, AAPL, LULU, MAR, XLNX, SPLK, PTON, JD, QCOM, TXN, MRVL, SGEN, BIDU, DOCU, VRTX, TCOM, MTCH
                     
Stocks to watch on  Monday                  
                     
 Nasdaq100  xsing above30   = 3                 
  AMAT, ASML, KDP                  
                     
 Nasdaq100  xsing below30  = 7                 
  SIRI, NXPI, AMZN, GOOG, GOOGL, HON, INTC                
                     
                     
MACD Crossover:                   
Up   2                  
NFLX, MNST                    
                     
Down   1                  
INTC                     
                     
                     
SETUPS                    
BF  : SPLK, PEP, BIDU, CSX, IBKR, JD, XLE, QQQ                
HBO  : NVDA, CPRT, SNPS, ADI, DOCU, DE, ADSK, CRM, CRWD, DIA, FAST, NKE, SPY, NTAP, WMT           
2T  : ADBE, AU, DG, DLTR, JPM, TGT                 
MACD  :                    
CHANNEL  : INTC, AMAT, BBY, BIG, C, CSCO, GDXJ, IWM, MS, NTES, TLT               
BEAR  : PYPL, LRCX, MU, BYND                  
NH  : CTAS, TSLA, COST, ACN, AXP, BAC, FAS, HD, UNH, NFLX, ZION, ORCL              
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, BA, BABA, BKNG, 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)       ...