Thursday, November 18, 2021

Consumer discretionary and Technology led the sectors. Bull flag continuation in QQQ and SPY

 SPY Market Forecast 94.74 Bullish pointing up in the upper zone              
   0.49   PCALL - 10 day SMA (0.75 - 1.00)            
   144.8   SKEW (120 - 140)              
                   
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA              
  6-months UP                
  10-days SIDEWAYS                
  3-days SIDEWAYS                
                   
Indices                   
UP:     QQQ +1.04% ; SPY +0.34% ;            
Down:           DIA -0.14% ; IWM -0.42%       
                   
  TLT +0.38% at 146.81              
  VIX +2.81% at 17.59              
                   
SPY   : HBO Setup,    above 30ds SMA            
QQQ   : HBO Triggered   above 30ds SMA            
DIA   : Channel. Bounced from 30 SMA  above 30ds SMA            
IWM   : Lower high. Channel   above 30ds SMA            
                   
                   
Sectors                   
  3 sectors closed higher led by  XLY +1.13%  and  XLK +1.00%    Lower =  8      
  8            closing above 30d. SMA  and 3   closing below.
                   
XLY leaders     :    GPS, AMZN, ETSY, HD             
XLK leaders     :    MXIM, NVDA, AAPL, AMD             
XLV leaders     :    ALXN, CVS, HUM, ZTS             
                   
Uptrend XLY, XLK, XLV, XLRE, XLI, XLP, XLB, XLF, XLE              
Sideways XLU, XLC                
Downtrend                  
                   
                   
Breath:                   
NYSE Weakened  as  Decliners led  1166   to   2198 and  Nasdaq   Weakened   as  Decliners led 1495   to   3167   
                   
                   
NDX Leaders:                    
51 closing higher  and  51 closing Lower             
NVDA : +8.25% ;  JD : +5.95% ;  AMZN : +4.14%         
                   
DJIA Leaders:                    
11 closing higher  and  19 closing Lower             
AAPL : +2.85% ;  HD : +2.79% ;  WMT : +0.86%         
                   
SP500 Leaders:                    
165 closing higher  and  338 closing Lower             
NVDA : +8.25% ;  BBWI : +5.27% ;  GPS : +4.38%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  66                
NVDA, JD, AMZN, AAPL, ROST, AMD, ASML, MU, TXN, MRVL, DLTR, XLNX, CSX, AMAT, LULU, QCOM, NXPI, GOOGL, GOOG, REGN, VRSK, AVGO, LRCX, KLAC, ORLY, TSLA, VRSN, MSFT, COST, ADI, MCHP, GILD, ADP, SBUX, MDLZ, SGEN, TEAM, HON, CTSH, ADBE, PEP, CDW, NTES, EXC, ANSS, FAST, PAYX, KDP, CTAS, DXCM, SNPS, WDAY, FB, ISRG, OKTA, CPRT, CDNS, INTU, XEL, CERN, ALGN, NFLX, VRTX, MNST, ADSK, SIRI
                   
Stocks to watch on  Friday                
                   
 Nasdaq100  xsing above30   = 3               
  TXN, SBUX, HON                
                   
 Nasdaq100  xsing below30  = 3               
  CMCSA, PCAR, CSCO                
                   
                   
MACD Crossover:                 
Up   3                
MRNA, MRVL, IDXX                 
                   
Down   7                
TCOM, CTSH, CPRT, INTU, MNST, BIDU, SIRI                
                   
                   
SETUPS                  
BF  : CDNS, CPRT, CTSH, WDAY, CDW, EXC, INTU, COST, MU, KLAC, NFLX, NTES, ACN, NKE          
HBO  : ADBE, AMZN, MSFT, CTAS, TSLA, PEP, ASML, AMAT, CSX, FAST, GILD, GOOGL, JD, GOOG, LULU, ISRG, ANSS, SGEN, AU, BA, CARR, GDXJ, GOLD, IBKR, MCD, ORCL, SHOP, SPY, TGT, UNH, ZION
2T  : AAPL                 
MACD  :                  
CHANNEL  : INTC, SBUX, ALGN, CHKP, CHTR, FISV, IDXX, SWKS, PAYX, XEL, BIIB, ROST, FOXA, FOX, PCAR, CERN, EBAY, TXN, TMUS, LRCX, AMGN, INCY, MCHP, MELI, SIRI, BIDU, BKNG, CRWD, CSCO, EA, FB, ILMN, KHC, MNST, NXPI, MAR, AEP, REGN, MDLZ, ORLY, TEAM, CMCSA, HON, KDP, MRNA, MTCH, VRTX, WBA, AKAM, AXP, BABA, BAC, C, CAT, CVS, DDOG, DIA, FAS, IWM, JPM, MMM, MS, SQ, TLT, TWLO, WMT, XLE
BEAR  : PYPL, ATVI, PTON, BYND, CTXS, TWTR, V              
NH  : NVDA, QCOM, XLNX, ADP, VRSK, VRSN, AMD, DXCM, AVGO, HD, QQQ            
EPS  : SNPS, SPLK, TCOM, ADI, DOCU, ADSK, DLTR, MRVL, ZM, OKTA, PDD, BBY, BIG, CRM, DE, DG, NTAP         

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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)       ...