Wednesday, November 17, 2021

Market Forecast is bullish in the upper zone pointing up. Real Estate (XLRE) and Consumer Discretionary (XLY) led the sectors

 SPY Market Forecast 92.1 Bullish pointing up in the upper zone              
   0.49   PCALL - 10 day SMA (0.75 - 1.00)            
   141.96   SKEW (120 - 140)              
                   
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA              
  6-months UP                
  10-days SIDEWAYS                
  3-days SIDEWAYS                
                   
Indices                   
UP:     QQQ +0.05% ;               
Down:        SPY -0.24% ; DIA -0.57% ; IWM -1.31%       
                   
  TLT +0.79% at 146.26              
  VIX +4.52% at 17.11              
                   
SPY   : HBO Setup,    above 30ds SMA            
QQQ   : HBO Setup,    above 30ds SMA            
DIA   : Lower high. Channel   above 30ds SMA            
IWM   : Lower high. Channel   above 30ds SMA            
                   
                   
Sectors                   
  4 sectors closed higher led by  XLRE +0.66%  and  XLY +0.64%    Lower =  7      
  8            closing above 30d. SMA  and 3   closing below.
                   
XLRE leaders     :    WELL, CCI, PEAK, PSA             
XLY leaders     :    TJX, TSLA, GM, DHI              
XLV leaders     :    ALXN, PFE, BDX, CNC             
                   
Uptrend XLRE, XLY, XLV, XLP, XLK, XLI, XLB, XLF, XLE              
Sideways XLU, XLC                
Downtrend                  
                   
                   
Breath:                   
NYSE Weakened  as  Decliners led  1116   to   2228 and  Nasdaq   Weakened   as  Decliners led 1497   to   3217   
                   
                   
NDX Leaders:                    
37 closing higher  and  64 closing Lower             
MRNA : +3.39% ;  TSLA : +3.25% ;  CRWD : +2.77%         
                   
DJIA Leaders:                    
7 closing higher  and  23 closing Lower             
AAPL : +1.65% ;  HD : +0.64% ;  JNJ : +0.37%         
                   
SP500 Leaders:                    
162 closing higher  and  340 closing Lower             
TJX : +5.83% ;  MRNA : +3.39% ;  TSLA : +3.25%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  66                
TSLA, AAPL, XEL, ROST, NTES, CMCSA, CSX, QCOM, VRSK, GILD, SGEN, ADP, PAYX, NFLX, DXCM, ALGN, CDNS, WDAY, CERN, KDP, CTAS, AMZN, AVGO, CDW, SNPS, GOOGL, ISRG, PEP, SIRI, GOOG, VRTX, ADBE, VRSN, COST, MSFT, ASML, REGN, FAST, MRVL, ANSS, ADI, CSCO, MDLZ, PCAR, OKTA, LRCX, FB, NXPI, AMD, DLTR, KLAC, TEAM, ADSK, CTSH, MNST, AMAT, CPRT, EXC, XLNX, INTU, MCHP, ORLY, MU, LULU, JD, NVDA
                   
Stocks to watch on  Thursday                
                   
 Nasdaq100  xsing above30   = 3               
  XEL, CMCSA, GILD                
                   
 Nasdaq100  xsing below30  = 7               
  HON, EA, KHC, WBA, EBAY, PDD, BIDU               
                   
                   
MACD Crossover:                 
Up   2                
AAPL, TXN                  
                   
Down   8                
ALGN, MRVL, MDLZ, KLAC, ADSK, TMUS, MCHP, MELI               
                   
                   
SETUPS                  
BF  : NVDA, CPRT, CTSH, EXC, MU, CSX, FB, KLAC, MNST, NTES, LULU, DXCM, BA, GOLD, MCD, NKE, SHOP         
HBO  : ADBE, AMZN, CTAS, ASML, AMD, FAST, GOOGL, GOOG, ANSS, SGEN, CMCSA, AU, DIA, GDXJ, ORCL, QQQ, SPY, ZION       
2T  : VRSN, CARR                
MACD  :                  
CHANNEL  : AAPL, INTC, SBUX, ALGN, CHKP, CHTR, FISV, IDXX, SWKS, TCOM, PAYX, XEL, BIIB, FOXA, FOX, PCAR, TSLA, PEP, CERN, EBAY, TXN, TMUS, LRCX, AMGN, INCY, MCHP, MELI, SIRI, BIDU, BKNG, CRWD, CSCO, EA, GILD, ILMN, KHC, NXPI, MAR, ISRG, AEP, REGN, MDLZ, ORLY, TEAM, HON, KDP, MRNA, MTCH, VRTX, WBA, AKAM, AXP, BAC, BIG, C, CAT, CVS, DDOG, FAS, IBKR, IWM, JPM, MMM, MS, SQ, TGT, TLT, TWLO, UNH, WMT, XLE
BEAR  : PYPL, ATVI, PTON, BYND, CTXS, TWTR, V              
NH  : MSFT, CDNS, QCOM, CDW, XLNX, ADP, COST, VRSK, NFLX, AVGO, ACN, BABA, HD          
EPS  : SNPS, SPLK, WDAY, ROST, ADI, INTU, DOCU, AMAT, ADSK, DLTR, JD, MRVL, ZM, OKTA, PDD, BBY, 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)       ...