Tuesday, November 23, 2021

 SPY Market Forecast 91.91 Defensive pointing down in the upper zone            
   0.54   PCALL - 10 day SMA (0.75 - 1.00)            
   147.44   SKEW (120 - 140)              
                   
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA              
  6-months UP                
  10-days SIDEWAYS                
  3-days SIDEWAYS                
                   
Indices                   
UP:     DIA +0.51% ; SPY +0.13% ;            
Down:           IWM -0.17% ; QQQ -0.46%       
                   
  TLT -1.45% at 144.5              
  VIX +0.68% at 19.3              
                   
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                   
  8 sectors closed higher led by  XLE +3.07%  and  XLF +1.57%    Lower =  3      
  9            closing above 30d. SMA  and 2   closing below.
                   
XLE leaders     :    APA, NOV, OXY, EOG             
XLF leaders     :    AIG, DFS, SYF, PGR              
XLRE leaders     :    CBRE, MAA, HST, WELL             
                   
Uptrend XLE, XLF, XLRE, XLP, XLI, XLV, XLB, XLK, XLY              
Sideways XLU, XLC                
Downtrend                  
                   
                   
Breath:                   
NYSE Weakened  as  Decliners led  1593   to   1821 and  Nasdaq   Weakened   as  Decliners led 1957   to   2757   
                   
                   
NDX Leaders:                    
51 closing higher  and  51 closing Lower             
DLTR : +9.17% ;  ROST : +3.83% ;  VRTX : +2.95%         
                   
DJIA Leaders:                    
20 closing higher  and  10 closing Lower             
GS : +2.57% ;  JPM : +2.39% ;  UNH : +2.19%         
                   
SP500 Leaders:                    
312 closing higher  and  192 closing Lower             
DLTR : +9.17% ;  APA : +7.31% ;  OXY : +6.36%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  56                
DLTR, ROST, VRTX, LRCX, JD, SBUX, MU, ORLY, INTU, PCAR, CSX, COST, KLAC, GILD, AMAT, REGN, PAYX, EXC, MCHP, MDLZ, PEP, CERN, MRVL, VRSK, AVGO, AAPL, AMZN, VRSN, KDP, TXN, AEP, XLNX, FAST, CDW, GOOG, QCOM, ADP, GOOGL, LULU, MSFT, NVDA, XEL, CTSH, SNPS, CTAS, FB, ANSS, NXPI, ADBE, NTES, CDNS, MNST, ADI, AMD, ALGN, TSLA
                   
Stocks to watch on  Wednesday                
                   
 Nasdaq100  xsing above30   = 4               
  ROST, VRTX, SBUX, MDLZ                
                   
 Nasdaq100  xsing below30  = 2               
  ASML, DXCM                
                   
                   
MACD Crossover:                 
Up   3                
SBUX, CSX, PTON                 
                   
Down   5                
VRSN, FAST, ADP, ADBE, INTC                
                   

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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)       ...