Tuesday, November 02, 2021

New all times high for all indices. IWM triggered the Horizontal Break Out (HBO). Basic Materials and Real Estate led the sectors.

 SPY Market Forecast 96.28 Bullish pointing up in the upper zone               
   0.52   PCALL - 10 day SMA (0.75 - 1.00)             
   148.09   SKEW (120 - 140)               
                    
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA               
  6-months UP                 
  10-days UP                 
  3-days UP                 
                    
Indices                    
UP:     QQQ +0.42% ; DIA +0.40% ; SPY +0.40% ; IWM +0.21%        
Down:                       
                    
  TLT +0.44% at 147.09               
  VIX -2.32% at 16.03               
                    
SPY   : New all times highs    above 30ds SMA             
QQQ   : New all times highs    above 30ds SMA             
DIA   : New all times highs    above 30ds SMA             
IWM   : New all times highs    above 30ds SMA             
                    
                    
Sectors                    
  9 sectors closed higher led by  XLB +1.14%  and  XLRE +0.94%    Lower =  2       
  10            closing above 30d. SMA  and 1   closing below.
                    
XLB leaders     :    DD, MLM, VMC, EMN              
XLRE leaders     :    SPG, SBAC, EXR, KIM              
XLK leaders     :    MXIM, ANET, IPGP, ZBRA              
                    
Uptrend XLB, XLRE, XLK, XLV, XLI, XLF, XLC, XLY, XLE               
Sideways XLP, XLU                 
Downtrend                   
                    
                    
Breath:                    
NYSE Weakened  as  Decliners led  1529   to   1812 and  Nasdaq   Strengthened  as  Decliners led 2377   to   2258    
                    
                    
NDX Leaders:                     
72 closing higher  and  29 closing Lower              
MRNA : +3.40% ;  CSCO : +2.71% ;  MCHP : +2.44%          
                    
DJIA Leaders:                     
18 closing higher  and  12 closing Lower              
CSCO : +2.71% ;  AMGN : +2.13% ;  DOW : +1.79%          
                    
SP500 Leaders:                     
289 closing higher  and  212 closing Lower              
MXIM : N/A ;  ANET : +20.39% ;  UAA : +16.47%          
                    
NASDAQ 100                   
                    
Nasdaq Above 30MA    =  77                 
CSCO, MCHP, KLAC, NVDA, AMGN, ANSS, DXCM, AMD, XLNX, AVGO, ADI, INTU, PAYX, ISRG, GOOG, DOCU, OKTA, MRVL, ADP, GOOGL, FOXA, FOX, LULU, AMAT, VRSN, MSFT, FAST, WDAY, CTAS, SGEN, COST, SNPS, CDNS, KHC, PEP, ALGN, CDW, CTSH, NXPI, MDLZ, AAPL, HON, PCAR, ASML, SWKS, DLTR, CERN, ZM, ROST, XEL, QCOM, LRCX, AEP, VRSK, SIRI, ILMN, MU, TEAM, ADBE, CSX, ADSK, REGN, EXC, CPRT, CRWD, NFLX, SPLK, MAR, EA, KDP, BKNG, EBAY, ATVI, JD, NTES, TSLA, PTON
                    
Stocks to watch on  Wednesday                 
                    
 Nasdaq100  xsing above30   = 1                
  FOXA                  
                    
 Nasdaq100  xsing below30  = 4                
  VRTX, BIDU, IDXX, INCY                 
                    
                    
MACD Crossover:                  
Up   3                 
CTAS, KHC, HON                  
                    
Down   2                 
CSX, ATVI                   
                    
                    
SETUPS                   
BF  : AAPL, CPRT, CTAS, CTSH, TSLA, INTU, ADSK, CSX, GOOGL, NFLX, GOOG, TEAM            
HBO  : ADBE, SBUX, ALGN, SNPS, SPLK, WDAY, PAYX, ROST, PCAR, CERN, ADI, ASML, ADP, VRSK, AMGN, SIRI, VRSN, AMD, DLTR, KHC, KLAC, NXPI, ISRG, AEP, MDLZ, SGEN, OKTA, KDP
2T  : CDNS                  
MACD  :                   
CHANNEL  : AMZN, CHKP, IDXX, TCOM, XEL, EBAY, TXN, LRCX, ATVI, DOCU, AMAT, BIDU, CRWD, CSCO, FB, NTES, ORLY, ZM, HON, VRTX, WBA      
BEAR  : CHTR, FISV, BIIB, TMUS, INCY, MU, GILD, CMCSA               
NH  : MSFT, NVDA, XLNX, PEP, COST, FAST, LULU, MRVL, DXCM, AVGO             
EPS  : INTC, PYPL, QCOM, SWKS, CDW, EXC, FOXA, FOX, MCHP, MELI, BKNG, EA, ILMN, JD, MNST, MAR, REGN, ANSS, MRNA, MTCH, PDD, PTON     
                    

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SPY touched all times high once again and reversed at close

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