Friday, November 12, 2021

Communications (XLC) and Technology (XLK) Sectors led the move to the upside.

 SPY Market Forecast 89.93 Defensive pointing down in the upper zone              
   0.48   PCALL - 10 day SMA (0.75 - 1.00)              
   144.03   SKEW (120 - 140)                
                     
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA                
  6-months UP                  
  10-days UP                  
  3-days DOWN                  
                     
Indices                     
UP:     QQQ +1.05% ; SPY +0.75% ; DIA +0.51% ; IWM +0.10%         
Down:                        
                     
  TLT -0.44% at 147.33                
  VIX -7.76% at 16.29                
                     
SPY   : Bull Flag Triggered    above 30ds SMA      Bearish Divergence          
QQQ   : Bull Flag Triggered    above 30ds SMA      Bearish Divergence          
DIA   : Bull Flag Setup    above 30ds SMA      Bearish Divergence          
IWM   : Bull Flag Setup    above 30ds SMA              
                     
                     
Sectors                     
  8 sectors closed higher led by  XLC +1.46%  and  XLK +1.22%    Lower =  2        
  11            closing above 30d. SMA  and 0   closing below.  
                     
XLC leaders     :    FB, NFLX, ATVI, GOOGL               
XLK leaders     :    MXIM, MU, INTU, PYPL               
XLI leaders     :    SWK, MAS, FBHS, AOS               
                     
Uptrend XLK, XLI, XLB, XLV, XLY, XLF, XLRE, XLP, XLE                
Sideways XLC, XLU                  
Downtrend                    
                     
                     
Breath:                     
NYSE Strengthened  as  Advancers led  1813   to   1539 and  Nasdaq   Strengthened  as  Advancers led 2515   to   2128     
                     
                     
NDX Leaders:                      
75 closing higher  and  26 closing Lower               
FB : +4.01% ;  DOCU : +3.97% ;  NFLX : +3.81%           
                     
DJIA Leaders:                      
19 closing higher  and  11 closing Lower               
MMM : +1.91% ;  AAPL : +1.43% ;  HD : +1.36%           
                     
SP500 Leaders:                      
330 closing higher  and  172 closing Lower               
ETSY : +7.42% ;  CZR : +4.03% ;  FB : +4.01%           
                     
NASDAQ 100                    
                     
Nasdaq Above 30MA    =  76                  
FB, NFLX, MU, INTU, SPLK, XLNX, CDNS, OKTA, PDD, CPRT, ADBE, ASML, JD, GOOGL, BIDU, GOOG, SNPS, AMAT, LRCX, ANSS, SWKS, FAST, VRSK, AMZN, CDW, DXCM, AAPL, AVGO, MSFT, AMD, MELI, ADSK, VRSN, CRWD, ISRG, CTSH, CTAS, ADP, COST, PAYX, ADI, SGEN, TEAM, NTES, VRTX, REGN, EA, HON, SIRI, ORLY, CERN, MDLZ, WDAY, QCOM, CSX, ALGN, KDP, KLAC, CSCO, MRVL, GILD, ROST, NVDA, PEP, TCOM, AMGN, LULU, PCAR, KHC, MCHP, MNST, DLTR, EXC, NXPI, WBA, TSLA
                     
Stocks to watch on  Monday                  
                     
 Nasdaq100  xsing above30   = 2                 
  FB, SWKS                  
                     
 Nasdaq100  xsing below30  = 1                 
  BKNG                   
                     
                     
MACD Crossover:                   
Up   6                  
ASML, JD, BIDU, VRSK, ADSK, CHKP                  
                     
Down   5                  
HON, CSCO, ROST, AMGN, BKNG                  
                     
                     
SETUPS                    
BF  : ALGN, CTAS, QCOM, SPLK, MCHP, AMD, BKNG, MNST, MAR, LULU, ISRG, ANSS, SGEN, CAT, CRM, CVS, DDOG, DIA, FAS, GOLD, IBKR, IWM, MCD, NKE, UNH     
HBO  : AMZN, MSFT, CDNS, CTSH, SNPS, PAYX, CDW, EXC, FOXA, FOX, PCAR, ASML, ADP, COST, LRCX, VRSK, INCY, SIRI, CRWD, CSX, FB, GILD, GOOGL, KHC, KLAC, NFLX, NXPI, GOOG, MRVL, MDLZ, ORLY, DXCM, AVGO, TEAM, ACN, AKAM, AXP, BA, DG, GDXJ, MMM, QQQ, SPY, XLE, ZION
2T  : MU, VRSN, AU, CARR                  
MACD  :                    
CHANNEL  : AAPL, ADBE, INTC, SBUX, CHKP, CHTR, FISV, IDXX, SWKS, TCOM, XEL, BIIB, TSLA, PEP, CERN, EBAY, TXN, TMUS, AMGN, DOCU, MELI, EA, ILMN, AEP, REGN, OKTA, CMCSA, HON, KDP, MTCH, VRTX, WBA, BAC, BIG, C, JPM, MS, NTAP, ORCL, SQ, TLT, TWLO, V
BEAR  : PYPL, ATVI, MRNA, PTON, BYND, CTXS, TWTR                
NH  : XLNX, FAST, SHOP                  
EPS  : NVDA, CPRT, WDAY, ROST, ADI, INTU, AMAT, ADSK, BIDU, CSCO, DLTR, JD, NTES, ZM, PDD, BABA, BBY, DE, HD, TGT, WMT        

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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)       ...