Friday, November 05, 2021

All Indices closed at all times highs. IWM led confirming the HBO. Energy Sector (XLE) in consolidation ready to breakout the short term compression channel.

Indices Weekly Charts



Indices Daily Charts 




SPY Market Forecast 98.2 Defensive pointing down in the upper zone           
   0.49   PCALL - 10 day SMA (0.75 - 1.00)           
   148.83   SKEW (120 - 140)             
                  
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA             
  6-months UP               
  10-days UP               
  3-days UP               
                  
Indices                  
UP:     IWM +1.37% ; DIA +0.54% ; SPY +0.35% ; QQQ +0.10%      
Down:                     
                  
  TLT +1.50% at 149.3             
  VIX +6.74% at 16.48             
                  
SPY   : New all times highs    above 30ds SMA           
QQQ   : New all times highs    above 30ds SMA           
DIA   : New all times highs    above 30ds SMA           
IWM   : New all times highs    above 30ds SMA           
                  
                  
Sectors                  
  10 sectors closed higher led by  XLE +1.30%  and  XLI +1.02%    Lower =  1     
  11            closing above 30d. SMA  and 0   closing below.
                  
XLE leaders     :    EOG, MPC, MRO, COP            
XLI leaders     :    DAL, HWM, UAL, ALK            
XLU leaders     :    ED, NRG, EVRG, EIX            
                  
Uptrend XLE, XLI, XLB, XLY, XLP, XLK, XLRE, XLF, XLV             
Sideways XLU, XLC               
Downtrend                 
                  
                  
Breath:                  
NYSE Strengthened  as  Advancers led  2229   to   1132 and  Nasdaq   Strengthened  as  Advancers led 2515   to   2107  
                  
                  
NDX Leaders:                   
58 closing higher  and  44 closing Lower            
BKNG : +7.47% ;  TCOM : +5.59% ;  MELI : +4.71%        
                  
DJIA Leaders:                   
19 closing higher  and  11 closing Lower            
BA : +5.37% ;  V : +3.78% ;  DIS : +3.14%        
                  
SP500 Leaders:                   
327 closing higher  and  176 closing Lower            
EXPE : +15.63% ;  LYV : +15.14% ;  PFE : +10.86%        
                  
NASDAQ 100                 
                  
Nasdaq Above 30MA    =  81               
BKNG, MELI, QCOM, MNST, SBUX, MCHP, MTCH, NXPI, MAR, AMAT, LRCX, ADI, AVGO, KLAC, DLTR, ROST, KHC, ADSK, HON, FB, ADP, WBA, AEP, AMZN, ALGN, CDW, PEP, MU, VRSN, SGEN, DXCM, PAYX, ORLY, KDP, INCY, FOX, PCAR, CTSH, ISRG, MRVL, GOOGL, GOOG, SIRI, CTAS, MDLZ, NTES, AAPL, XLNX, EXC, TMUS, CSX, CSCO, MSFT, NVDA, WDAY, CERN, SPLK, SNPS, OKTA, IDXX, ASML, COST, FAST, AMGN, BIIB, TSLA, VRTX, ANSS, AMD, CDNS, CPRT, VRSK, EBAY, LULU, ADBE, INTU, TEAM, EA, CRWD, NFLX, REGN
                  
Stocks to watch on  Monday               
                  
 Nasdaq100  xsing above30   = 5              
  BKNG, MELI, SBUX, MTCH, FOX              
                  
 Nasdaq100  xsing below30  = 5              
  ILMN, JD, SWKS, DOCU, ZM               
                  
                  
MACD Crossover:                
Up   3               
BKNG, TCOM, SBUX                
                  
Down   6               
PCAR, WDAY, CPRT, EA, DOCU, ZM               
                  
                  
SETUPS                 
BF  : EXC, PCAR, TSLA, COST, CSX, DLTR, NFLX, LULU, TEAM            
HBO  : AAPL, ADBE, AMZN, SBUX, CTSH, ASML, TMUS, AMGN, VRSN, ADSK, CRWD, FB, ILMN, KHC, MNST, NXPI, ISRG, REGN, ORLY, KDP    
2T  : ALGN, PAYX, MELI, GOOGL, GOOG, MAR, HON             
MACD  :                 
CHANNEL  : CHKP, CHTR, IDXX, SPLK, SWKS, TCOM, XEL, CDW, BIIB, FOXA, FOX, CERN, EBAY, TXN, LRCX, DOCU, MU, SIRI, EA, AEP, MDLZ, DXCM, OKTA, MTCH, VRTX, WBA
BEAR  : INTC, FISV, ATVI, INCY, GILD, ZM, CMCSA, MRNA, PTON            
NH  : MSFT, CDNS, CTAS, QCOM, SNPS, XLNX, PEP, ADI, ADP, VRSK, MCHP, AMD, BKNG, FAST, KLAC, MRVL, ANSS, SGEN, AVGO     
EPS  : NVDA, PYPL, CPRT, WDAY, ROST, INTU, AMAT, BIDU, CSCO, JD, NTES, PDD          

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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)       ...