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         
                    

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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)       ...