Monday, November 29, 2021

 SPY Market Forecast 78.41 Bearish pointing down in the middle zone            
   0.57   PCALL - 10 day SMA (0.75 - 1.00)            
   148.27   SKEW (120 - 140)              
                   
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA              
  6-months UP                
  10-days SIDEWAYS                
  3-days SIDEWAYS                
                   
Indices                   
UP:     QQQ +2.17% ; SPY +1.23% ; DIA +0.62% ;         
Down:              IWM -0.06%       
                   
  TLT -0.80% at 149.32              
  VIX -19.78% at 22.96              
                   
SPY   : Channel   above 30ds SMA            
QQQ   : Channel   above 30ds SMA            
DIA   : Channel   below 30ds SMA            
IWM   : Channel   above 30ds SMA            
                   
                   
Sectors                   
  11 sectors closed higher led by  XLK +2.50%  and  XLY +1.55%    Lower =  0      
  5            closing above 30d. SMA  and 6   closing below.
                   
XLK leaders     :    MXIM, LRCX, NVDA, AMAT             
XLY leaders     :    TSLA, EXPE, RCL, GPS             
XLU leaders     :    FE, NEE, ED, SRE              
                   
Uptrend XLK, XLY, XLRE, XLE, XLB, XLF, XLV, XLP, XLI              
Sideways XLU, XLC                
Downtrend                  
                   
                   
Breath:                   
NYSE Strengthened  as  Advancers led  1855   to   1525 and  Nasdaq   Weakened   as  Advancers led 2009   to   2706   
                   
                   
NDX Leaders:                    
77 closing higher  and  25 closing Lower             
MRNA : +11.80% ;  LRCX : +6.01% ;  NVDA : +5.95%         
                   
DJIA Leaders:                    
18 closing higher  and  12 closing Lower             
CRM : +4.41% ;  UNH : +2.75% ;  INTC : +2.50%         
                   
SP500 Leaders:                    
338 closing higher  and  163 closing Lower             
MRNA : +11.80% ;  LRCX : +6.01% ;  NVDA : +5.95%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  47                
MRNA, LRCX, NVDA, AMAT, NXPI, MCHP, TSLA, CDNS, AMD, QCOM, MRVL, INTU, XLNX, SNPS, ANSS, ADBE, KLAC, VRTX, MU, TXN, AVGO, ADI, INCY, ADP, GOOGL, AAPL, MSFT, CDW, PEP, REGN, AMZN, COST, CTAS, VRSK, FB, LULU, VRSN, EXC, FAST, ORLY, XEL, PAYX, GILD, DLTR, CSX, JD, NTES
                   
Stocks to watch on  Tuesday                
                   
 Nasdaq100  xsing above30   = 11               
  AMAT, ANSS, VRTX, TXN, ADI, GOOGL, PEP, CTAS, FB, ORLY, PAYX            
                   
 Nasdaq100  xsing below30  = 1               
  NFLX                 
                   
                   
MACD Crossover:                 
Up   2                
VRTX, INTC                  
                   
Down   1                
FISV                   
                   

Tuesday, November 23, 2021

 SPY Market Forecast 91.91 Defensive pointing down in the upper zone            
   0.54   PCALL - 10 day SMA (0.75 - 1.00)            
   147.44   SKEW (120 - 140)              
                   
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA              
  6-months UP                
  10-days SIDEWAYS                
  3-days SIDEWAYS                
                   
Indices                   
UP:     DIA +0.51% ; SPY +0.13% ;            
Down:           IWM -0.17% ; QQQ -0.46%       
                   
  TLT -1.45% at 144.5              
  VIX +0.68% at 19.3              
                   
SPY   : HBO Setup at resistance   above 30ds SMA            
QQQ   : New All Times High   above 30ds SMA            
DIA   : Channel   Crossing Below 30ds SMA           
IWM   : Channel   above 30ds SMA            
                   
                   
Sectors                   
  8 sectors closed higher led by  XLE +3.07%  and  XLF +1.57%    Lower =  3      
  9            closing above 30d. SMA  and 2   closing below.
                   
XLE leaders     :    APA, NOV, OXY, EOG             
XLF leaders     :    AIG, DFS, SYF, PGR              
XLRE leaders     :    CBRE, MAA, HST, WELL             
                   
Uptrend XLE, XLF, XLRE, XLP, XLI, XLV, XLB, XLK, XLY              
Sideways XLU, XLC                
Downtrend                  
                   
                   
Breath:                   
NYSE Weakened  as  Decliners led  1593   to   1821 and  Nasdaq   Weakened   as  Decliners led 1957   to   2757   
                   
                   
NDX Leaders:                    
51 closing higher  and  51 closing Lower             
DLTR : +9.17% ;  ROST : +3.83% ;  VRTX : +2.95%         
                   
DJIA Leaders:                    
20 closing higher  and  10 closing Lower             
GS : +2.57% ;  JPM : +2.39% ;  UNH : +2.19%         
                   
SP500 Leaders:                    
312 closing higher  and  192 closing Lower             
DLTR : +9.17% ;  APA : +7.31% ;  OXY : +6.36%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  56                
DLTR, ROST, VRTX, LRCX, JD, SBUX, MU, ORLY, INTU, PCAR, CSX, COST, KLAC, GILD, AMAT, REGN, PAYX, EXC, MCHP, MDLZ, PEP, CERN, MRVL, VRSK, AVGO, AAPL, AMZN, VRSN, KDP, TXN, AEP, XLNX, FAST, CDW, GOOG, QCOM, ADP, GOOGL, LULU, MSFT, NVDA, XEL, CTSH, SNPS, CTAS, FB, ANSS, NXPI, ADBE, NTES, CDNS, MNST, ADI, AMD, ALGN, TSLA
                   
Stocks to watch on  Wednesday                
                   
 Nasdaq100  xsing above30   = 4               
  ROST, VRTX, SBUX, MDLZ                
                   
 Nasdaq100  xsing below30  = 2               
  ASML, DXCM                
                   
                   
MACD Crossover:                 
Up   3                
SBUX, CSX, PTON                 
                   
Down   5                
VRSN, FAST, ADP, ADBE, INTC                
                   

Friday, November 19, 2021

DIA crossed below 30ds SMA. QQQ at all times new high. Negative breath while SPY Market forecast remains bullish.

 SPY Market Forecast 95.23 Bullish pointing up in the upper zone               
   0.5   PCALL - 10 day SMA (0.75 - 1.00)             
   148.44   SKEW (120 - 140)               
                    
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA               
  6-months UP                 
  10-days SIDEWAYS                 
  3-days SIDEWAYS                 
                    
Indices                    
UP:     QQQ +0.56% ;                
Down:        SPY -0.18% ; DIA -0.76% ; IWM -0.91%        
                    
  TLT +1.06% at 148.36               
  VIX +1.82% at 17.91               
                    
SPY   : HBO Setup at resistance   above 30ds SMA             
QQQ   : New All Times High   above 30ds SMA             
DIA   : Channel   Crossing Below 30ds SMA            
IWM   : Channel   above 30ds SMA             
                    
                    
Sectors                    
  3 sectors closed higher led by  XLK +0.73%  and  XLU +0.57%    Lower =  8       
  8            closing above 30d. SMA  and 3   closing below.
                    
XLK leaders     :    MXIM, INTU, MU, ENPH              
XLU leaders     :    LNT, ATO, SO, PNW              
XLY leaders     :    TSLA, NVR, NKE, MHK              
                    
Uptrend XLK, XLY, XLB, XLP, XLI, XLRE, XLV, XLF, XLE               
Sideways XLU, XLC                 
Downtrend                   
                    
                    
Breath:                    
NYSE Weakened  as  Decliners led  1162   to   2190 and  Nasdaq   Weakened   as  Decliners led 1746   to   2915    
                    
                    
NDX Leaders:                     
38 closing higher  and  64 closing Lower              
INTU : +10.08% ;  MU : +7.80% ;  MRNA : +4.92%          
                    
DJIA Leaders:                     
7 closing higher  and  23 closing Lower              
NKE : +2.06% ;  AAPL : +1.70% ;  AMGN : +1.01%          
                    
SP500 Leaders:                     
171 closing higher  and  331 closing Lower              
INTU : +10.08% ;  MU : +7.80% ;  ENPH : +5.21%          
                    
NASDAQ 100                   
                    
Nasdaq Above 30MA    =  56                 
INTU, MU, NVDA, JD, TSLA, NTES, ADBE, IDXX, FB, VRSN, AAPL, SNPS, VRSK, LRCX, GILD, XEL, CTSH, CDNS, ANSS, TXN, COST, CTAS, REGN, MSFT, DLTR, CDW, ADI, NXPI, AMD, PEP, XLNX, EXC, ADSK, ADP, LULU, ALGN, MNST, FAST, KLAC, SGEN, CSX, PAYX, NFLX, GOOG, AMZN, GOOGL, QCOM, MCHP, MRVL, AVGO, DXCM, CPRT, TEAM, ASML, WDAY, AMAT
                    
Stocks to watch on  Monday                 
                    
 Nasdaq100  xsing above30   = 1                
  IDXX                  
                    
 Nasdaq100  xsing below30  = 11                
  HON, CERN, KDP, VRTX, ORLY, SBUX, SIRI, MDLZ, ISRG, ROST, OKTA             
                    
                    
MACD Crossover:                  
Up   4                 
INTU, NVDA, ADBE, EBAY                 
                    
Down   8                 
MRVL, AVGO, ORLY, CMCSA, PYPL, PDD, AMAT, OKTA                
                    
                    
SETUPS                   
BF  : CPRT, QCOM, WDAY, EXC, XLNX, AMAT, AMD, LULU, DXCM, AVGO, GDXJ, GOLD            
HBO  : AMZN, CDNS, CTAS, CTSH, PEP, ASML, LRCX, MU, CSX, FAST, GILD, GOOGL, NFLX, NTES, NXPI, GOOG, REGN, ANSS, SGEN, ACN, AKAM, AU, CARR, DDOG, IBKR, MCD, NKE  
2T  : ADBE, TSLA                 
MACD  :                   
CHANNEL  : INTC, SBUX, ALGN, CHKP, CHTR, FISV, IDXX, SWKS, XEL, CDW, BIIB, ROST, FOXA, FOX, PCAR, CERN, EBAY, TXN, TMUS, AMGN, INCY, MCHP, MELI, SIRI, BIDU, BKNG, CSCO, EA, FB, ILMN, KHC, MNST, MAR, ISRG, AEP, MDLZ, ORLY, TEAM, CMCSA, HON, KDP, MRNA, MTCH, VRTX, WBA, AXP, BA, BAC, C, CAT, CVS, DIA, FAS, IWM, JPM, MMM, MS, ORCL, SQ, TGT, TLT, TWLO, UNH, WMT, XLE, ZION
BEAR  : PYPL, ATVI, PTON, BABA, BYND, CTXS, TWTR, V               
NH  : AAPL, MSFT, NVDA, PAYX, INTU, ADP, COST, VRSK, VRSN, JD, KLAC, HD, QQQ, SHOP, SPY          
EPS  : SNPS, SPLK, TCOM, ADI, DOCU, ADSK, CRWD, DLTR, MRVL, ZM, OKTA, PDD, BBY, BIG, CRM, DE, DG, NTAP         
                    

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)       ...