Monday, November 15, 2021

Utilities and Energy led the sectors. Pause in the indices. SPY Market Forecast defensive and pointing down

 SPY Market Forecast 89.26 Defensive pointing down in the upper zone            
   0.48   PCALL - 10 day SMA (0.75 - 1.00)            
   142.38   SKEW (120 - 140)              
                   
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA              
  6-months UP                
  10-days UP                
  3-days DOWN                
                   
Indices                   
UP:     SPY +0.03% ;               
Down:        DIA -0.01% ; QQQ -0.02% ; IWM -0.40%       
                   
  TLT -1.26% at 145.48              
  VIX +1.23% at 16.49              
                   
SPY   : HBO Setup,    above 30ds SMA      Bearish Divergence        
QQQ   : HBO Setup,    above 30ds SMA      Bearish Divergence        
DIA   : Bull Flag triggered and reversed,   above 30ds SMA      Bearish Divergence        
IWM   : Bull Flag triggered and reversed,   above 30ds SMA            
                   
                   
Sectors                   
  6 sectors closed higher led by  XLU +1.32%  and  XLE +0.83%    Lower =  4      
  11            closing above 30d. SMA  and 0   closing below.
                   
XLU leaders     :    ETR, NRG, ED, WEC              
XLE leaders     :    CVX, PSX, BKR, DVN             
XLRE leaders     :    DLR, IRM, EQIX, VNO             
                   
Uptrend XLE, XLRE, XLP, XLI, XLF, XLY, XLK, XLB, XLV              
Sideways XLU, XLC                
Downtrend                  
                   
                   
Breath:                   
NYSE Weakened  as  Decliners led  1530   to   1818 and  Nasdaq   Weakened   as  Decliners led 2098   to   2603   
                   
                   
NDX Leaders:                    
50 closing higher  and  52 closing Lower             
DLTR : +14.28% ;  ZM : +3.43% ;  REGN : +2.62%         
                   
DJIA Leaders:                    
13 closing higher  and  17 closing Lower             
BA : +5.49% ;  CVX : +2.27% ;  MCD : +0.91%         
                   
SP500 Leaders:                    
280 closing higher  and  223 closing Lower             
DLTR : +14.28% ;  BA : +5.49% ;  WYNN : +4.36%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  72                
DLTR, REGN, MELI, QCOM, LULU, SGEN, FB, XEL, VRSN, KHC, MNST, LRCX, ADP, VRSK, CSCO, PEP, XLNX, EXC, ANSS, FAST, ASML, AMZN, CPRT, COST, CDNS, AVGO, ADBE, SIRI, ADI, ORLY, KDP, MDLZ, CTAS, HON, NTES, AAPL, CTSH, ROST, KLAC, PAYX, CSX, CDW, INTU, GOOGL, MCHP, GOOG, MSFT, TCOM, VRTX, WDAY, AMAT, SNPS, ISRG, GILD, NFLX, OKTA, WBA, PCAR, MU, DXCM, MRVL, ADSK, AMD, NXPI, ALGN, BIDU, NVDA, CERN, JD, TSLA, TEAM, EA
                   
Stocks to watch on  Tuesday                
                   
 Nasdaq100  xsing above30   = 1               
  XEL                 
                   
 Nasdaq100  xsing below30  = 5               
  SWKS, AMGN, PDD, CRWD, SPLK               
                   
                   
MACD Crossover:                 
Up   4                
DLTR, REGN, XEL, COST                 
                   
Down   5                
SNPS, DXCM, ADSK, NXPI, CHKP                
                   
                   
SETUPS                  
BF  : PEP, AMD, LULU, ANSS, AU, DIA, FAS, QQQ              
HBO  : ADBE, AMZN, MSFT, CTAS, SNPS, PAYX, CDW, EXC, PCAR, XLNX, ASML, LRCX, MCHP, MU, FB, GOOGL, KHC, KLAC, MNST, NFLX, GOOG, MRVL, MDLZ, ORLY, SGEN, ACN, AXP, CVS, DDOG, DG, GDXJ, GOLD, MCD, SPY, ZION
2T  : BA, CARR                
MACD  :                  
CHANNEL  : AAPL, INTC, SBUX, ALGN, CHKP, CHTR, FISV, IDXX, SPLK, SWKS, TCOM, XEL, BIIB, FOXA, FOX, TSLA, CERN, EBAY, TXN, TMUS, AMGN, DOCU, INCY, MELI, SIRI, BKNG, CRWD, CSX, EA, GILD, ILMN, NXPI, MAR, ISRG, AEP, REGN, OKTA, TEAM, CMCSA, HON, KDP, MTCH, VRTX, WBA, AKAM, BAC, BIG, C, CAT, IBKR, IWM, JPM, MMM, MS, ORCL, SQ, TLT, TWLO, UNH, V, XLE
BEAR  : PYPL, ATVI, MRNA, PTON, BYND, CTXS, TWTR              
NH  : CDNS, CTSH, QCOM, ADP, COST, VRSK, VRSN, FAST, DXCM, AVGO, SHOP           
EPS  : NVDA, CPRT, WDAY, ROST, ADI, INTU, AMAT, ADSK, BIDU, CSCO, DLTR, JD, NTES, ZM, PDD, BABA, BBY, CRM, DE, HD, NKE, NTAP, TGT, WMT    
 

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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)       ...