Wednesday, November 03, 2021

All indices closed in all times high. All sectors closed higher, led by Consumer Discretionary(XLY) and Basic Materials(XLB)

 SPY Market Forecast 98.91 Bullish pointing up in the upper zone               
   0.51   PCALL - 10 day SMA (0.75 - 1.00)             
   149.77   SKEW (120 - 140)               
                    
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA               
  6-months UP                 
  10-days UP                 
  3-days UP                 
                    
Indices                    
UP:     IWM +1.79% ; QQQ +1.06% ; SPY +0.61% ; DIA +0.27%        
Down:                       
                    
  TLT -1.03% at 145.57               
  VIX -5.80% at 15.1               
                    
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                    
  8 sectors closed higher led by  XLY +1.80%  and  XLB +1.04%    Lower =  3       
  11            closing above 30d. SMA  and 0   closing below.
                    
XLY leaders     :    TPR, GPS, PVH, RL               
XLB leaders     :    FMC, MOS, CTVA, DD              
XLP leaders     :    KR, WBA, CPB, TAP               
                    
Uptrend XLY, XLB, XLRE, XLK, XLV, XLF, XLC, XLI, XLE               
Sideways XLP, XLU                 
Downtrend                   
                    
                    
Breath:                    
NYSE Strengthened  as  Advancers led  2227   to   1108 and  Nasdaq   Strengthened  as  Advancers led 3157   to   1491    
                    
                    
NDX Leaders:                     
80 closing higher  and  22 closing Lower              
TMUS : +5.30% ;  INCY : +5.21% ;  NXPI : +4.46%          
                    
DJIA Leaders:                     
22 closing higher  and  8 closing Lower              
WBA : +3.10% ;  NKE : +2.78% ;  AMGN : +1.81%          
                    
SP500 Leaders:                     
340 closing higher  and  162 closing Lower              
MXIM : N/A ;  FMC : +12.62% ;  CNC : +6.58%          
                    
NASDAQ 100                   
                    
Nasdaq Above 30MA    =  83                 
TMUS, INCY, NXPI, VRTX, TSLA, SGEN, WBA, SIRI, MAR, BIIB, ROST, QCOM, VRSK, AMD, ADBE, ASML, AMZN, REGN, NTES, CERN, ZM, BIDU, AMGN, DLTR, SWKS, MDLZ, NFLX, XLNX, CTSH, KLAC, MCHP, LRCX, AMAT, CPRT, COST, SBUX, AVGO, ALGN, AAPL, PEP, CRWD, KHC, JD, GOOGL, SPLK, NVDA, EBAY, HON, INTU, MU, GOOG, LULU, CTAS, EXC, PTON, ILMN, ADI, DOCU, KDP, ISRG, MSFT, ADP, OKTA, VRSN, ANSS, SNPS, CSCO, PAYX, CSX, FOXA, FOX, FAST, AEP, EA, MRNA, WDAY, MRVL, TEAM, PCAR, CDNS, CDW, ADSK, DXCM
                    
Stocks to watch on  Thursday                 
                    
 Nasdaq100  xsing above30   = 8                
  TMUS, INCY, VRTX, WBA, BIIB, AMZN, BIDU, SBUX              
                    
 Nasdaq100  xsing below30  = 3                
  BKNG, XEL, ATVI                 
                    
                    
MACD Crossover:                  
Up   4                 
WBA, GILD, CMCSA, ADI                  
                    
Down   5                 
PTON, IDXX, EA, BKNG, ADSK                 
                    
                    
SETUPS                   
BF  : ALGN, CDNS, INTU, ADSK, CSX, GOOGL, NFLX, GOOG, LULU, ISRG, MRVL, TEAM            
HBO  : AAPL, ADBE, INTC, SBUX, CTSH, QCOM, SNPS, SPLK, WDAY, PAYX, ROST, FOXA, FOX, PCAR, CERN, ADI, ASML, TMUS, VRSK, AMGN, SIRI, DLTR, NXPI, AEP, KDP   
2T  : VRSN, MDLZ, DXCM                 
MACD  :                   
CHANNEL  : AMZN, CHKP, CHTR, IDXX, TCOM, XEL, CDW, BIIB, EBAY, TXN, LRCX, DOCU, AMAT, CRWD, EA, FB, ORLY, ZM, OKTA, HON, MTCH, VRTX, WBA     
BEAR  : FISV, ATVI, INCY, MU, GILD, CMCSA                
NH  : MSFT, CTAS, EXC, XLNX, TSLA, PEP, ADP, COST, AMD, FAST, KHC, KLAC, MAR, SGEN, AVGO          
EPS  : NVDA, PYPL, CPRT, SWKS, MCHP, MELI, BIDU, BKNG, CSCO, ILMN, JD, MNST, NTES, REGN, ANSS, MRNA, PDD, PTON        

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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)       ...