Tuesday, December 28, 2021

NYSE and Nasdaq Breath Weakened in a session with low volume, as expected. SPY moved in a tight range after a bullish four days move.

 SPY Market Forecast 83.01 Bullish pointing up in the upper zone                 
   0.62   PCALL - 10 day SMA (0.75 - 1.00)               
   153.21   SKEW (120 - 140)                 
                      
INTERMEDIATE TERM: Sideways- Price in between 30 &10 Wk SMA                
  6-months UP                   
  10-days UP                   
  3-days UP                   
                      
Indices                      
UP:     DIA +0.29% ;                  
Down:        SPY -0.08% ; QQQ -0.46% ; IWM -0.61%          
                      
  TLT -0.40% at 148.29                 
  VIX -0.79% at 17.54                 
                      
SPY   : New all times high   above 30ds SMA               
QQQ   : HBO Setup   above 30ds SMA               
DIA   : HBO Setup   above 30ds SMA               
IWM   : Channel   crossing below 30ds SMA              
                      
                      
Sectors                      
  7 sectors closed higher led by  XLU +0.90%  and  XLB +0.58%    Lower =  4         
  11            closing above 30d. SMA  and 0   closing below.   
                      
XLU leaders     :    EXC, AWK, FE, AEP                 
XLB leaders     :    BLL, IFF, DOW, LYB                 
XLP leaders     :    CPB, CAG, KR, WMT                
                      
Uptrend XLU, XLB, XLP, XLRE, XLY, XLV, XLK                  
Sideways XLI, XLF, XLE                   
Downtrend XLC                    
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led  1602   to   1731 and  Nasdaq   Weakened   as  Decliners led 1575   to   3046      
                      
                      
NDX Leaders:                       
42 closing higher  and  60 closing Lower                
ATVI : +1.86% ;  EXC : +1.46% ;  WBA : +1.38%            
                      
DJIA Leaders:                       
22 closing higher  and  8 closing Lower                
DIS : +1.57% ;  BA : +1.46% ;  WMT : +1.44%            
                      
SP500 Leaders:                       
309 closing higher  and  191 closing Lower                
CPB : +2.80% ;  BLL : +2.59% ;  AAL : +2.04%            
                      
NASDAQ 100                     
                      
Nasdaq Above 30MA    =  70                   
ATVI, EXC, WBA, MELI, AEP, PCAR, KHC, XEL, SBUX, MDLZ, FISV, CTSH, KDP, CPRT, ORLY, CSX, DLTR, CHTR, PEP, FAST, CTAS, EA, VRSK, AMGN, COST, CSCO, VRSN, PAYX, GILD, CMCSA, MAR, FB, ISRG, ADP, MNST, VRTX, ROST, ANSS, BKNG, INTC, MSFT, TMUS, FTNT, TSLA, ADSK, IDXX, AAPL, SIRI, PANW, ALGN, NXPI, AVGO, AMD, QCOM, CDNS, ASML, GOOGL, SNPS, LRCX, GOOG, XLNX, ILMN, TEAM, MCHP, MU, ZS, KLAC, AMAT, MRVL, DDOG
                      
Stocks to watch on  Wednesday                   
                      
 Nasdaq100  xsing above30   = 3                  
  PCAR, CHTR, CMCSA                   
                      
 Nasdaq100  xsing below30  = 0                  
                      
                      
                      
MACD Crossover:                    
Up   9                   
PCAR, SBUX, PEP, VRSK, COST, NTES, TXN, INTU, ADI                  
                      
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)       ...