Monday, November 29, 2021

 SPY Market Forecast 78.41 Bearish pointing down in the middle zone            
   0.57   PCALL - 10 day SMA (0.75 - 1.00)            
   148.27   SKEW (120 - 140)              
                   
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA              
  6-months UP                
  10-days SIDEWAYS                
  3-days SIDEWAYS                
                   
Indices                   
UP:     QQQ +2.17% ; SPY +1.23% ; DIA +0.62% ;         
Down:              IWM -0.06%       
                   
  TLT -0.80% at 149.32              
  VIX -19.78% at 22.96              
                   
SPY   : Channel   above 30ds SMA            
QQQ   : Channel   above 30ds SMA            
DIA   : Channel   below 30ds SMA            
IWM   : Channel   above 30ds SMA            
                   
                   
Sectors                   
  11 sectors closed higher led by  XLK +2.50%  and  XLY +1.55%    Lower =  0      
  5            closing above 30d. SMA  and 6   closing below.
                   
XLK leaders     :    MXIM, LRCX, NVDA, AMAT             
XLY leaders     :    TSLA, EXPE, RCL, GPS             
XLU leaders     :    FE, NEE, ED, SRE              
                   
Uptrend XLK, XLY, XLRE, XLE, XLB, XLF, XLV, XLP, XLI              
Sideways XLU, XLC                
Downtrend                  
                   
                   
Breath:                   
NYSE Strengthened  as  Advancers led  1855   to   1525 and  Nasdaq   Weakened   as  Advancers led 2009   to   2706   
                   
                   
NDX Leaders:                    
77 closing higher  and  25 closing Lower             
MRNA : +11.80% ;  LRCX : +6.01% ;  NVDA : +5.95%         
                   
DJIA Leaders:                    
18 closing higher  and  12 closing Lower             
CRM : +4.41% ;  UNH : +2.75% ;  INTC : +2.50%         
                   
SP500 Leaders:                    
338 closing higher  and  163 closing Lower             
MRNA : +11.80% ;  LRCX : +6.01% ;  NVDA : +5.95%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  47                
MRNA, LRCX, NVDA, AMAT, NXPI, MCHP, TSLA, CDNS, AMD, QCOM, MRVL, INTU, XLNX, SNPS, ANSS, ADBE, KLAC, VRTX, MU, TXN, AVGO, ADI, INCY, ADP, GOOGL, AAPL, MSFT, CDW, PEP, REGN, AMZN, COST, CTAS, VRSK, FB, LULU, VRSN, EXC, FAST, ORLY, XEL, PAYX, GILD, DLTR, CSX, JD, NTES
                   
Stocks to watch on  Tuesday                
                   
 Nasdaq100  xsing above30   = 11               
  AMAT, ANSS, VRTX, TXN, ADI, GOOGL, PEP, CTAS, FB, ORLY, PAYX            
                   
 Nasdaq100  xsing below30  = 1               
  NFLX                 
                   
                   
MACD Crossover:                 
Up   2                
VRTX, INTC                  
                   
Down   1                
FISV                   
                   

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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)       ...