Wednesday, December 29, 2021

Real Estate (XLRE) and Healthcare (XLV) led the sectors. SPY in a range day painting a bull flag setup.

 SPY Market Forecast 96.63 Bullish pointing up in the upper zone                
   0.6   PCALL - 10 day SMA (0.75 - 1.00)              
   156.24   SKEW (120 - 140)                
                     
INTERMEDIATE TERM: Bullish - Price above 30 &10 Wk SMA               
  6-months UP                  
  10-days UP                  
  3-days UP                  
                     
Indices                     
UP:     DIA +0.23% ; SPY +0.13% ; IWM +0.11% ;           
Down:              QQQ -0.01%         
                     
  TLT -1.09% at 146.67                
  VIX -3.36% at 16.95                
                     
SPY   : Bull Flag Setup   above 30ds SMA              
QQQ   : Bull Flag Setup   above 30ds SMA              
DIA   : HBO Setup   above 30ds SMA              
IWM   : Channel   crossing above 30ds SMA             
                     
                     
Sectors                     
  8 sectors closed higher led by  XLRE +0.61%  and  XLV +0.57%    Lower =  3        
  10            closing above 30d. SMA  and 1   closing below.  
                     
XLRE leaders     :    WY, EXR, MAA, DRE               
XLV leaders     :    BIIB, CTLT, MTD                
XLU leaders     :    EXC, ATO, NI, CMS                
                     
Uptrend XLRE, XLV, XLU, XLP, XLB, XLY, XLK                 
Sideways XLI, XLF, XLE                  
Downtrend XLC                   
                     
                     
Breath:                     
NYSE Strengthened  as  Advancers led  1870   to   1461 and  Nasdaq   Weakened   as  Advancers led 1911   to   2703     
                     
                     
NDX Leaders:                      
62 closing higher  and  40 closing Lower               
BIIB : +9.46% ;  MU : +3.48% ;  MRNA : +2.67%           
                     
DJIA Leaders:                      
22 closing higher  and  8 closing Lower               
WBA : +1.59% ;  NKE : +1.42% ;  HD : +1.14%           
                     
SP500 Leaders:                      
343 closing higher  and  156 closing Lower               
BIIB : +9.46% ;  WDC : +5.24% ;  MU : +3.48%           
                     
NASDAQ 100                    
                     
Nasdaq Above 30MA    =  71                  
BIIB, MU, EXC, ORLY, WBA, LRCX, VRSN, REGN, DDOG, MNST, PAYX, ROST, CTSH, GILD, FAST, PCAR, AMAT, AMGN, ADP, QCOM, ATVI, CPRT, DLTR, SBUX, KLAC, IDXX, CSCO, VRTX, MRVL, KDP, COST, MELI, MDLZ, AVGO, VRSK, XEL, CSX, AEP, PEP, SNPS, SWKS, MCHP, MSFT, FTNT, ISRG, CTAS, CMCSA, INTC, CHTR, AAPL, GOOG, GOOGL, ADSK, CDNS, BKNG, MAR, KHC, PANW, TSLA, NXPI, EA, ASML, FISV, TMUS, ALGN, ILMN, SIRI, ANSS, FB, XLNX, AMD
                     
Stocks to watch on  Thursday                  
                     
 Nasdaq100  xsing above30   = 3                 
  BIIB, REGN, SWKS                  
                     
 Nasdaq100  xsing below30  = 2                 
  ZS, TEAM                  
                     
                     
MACD Crossover:                   
Up   4                  
REGN, FAST, QCOM, ADBE                  
                     
Down   1                  
TMUS                     
                     

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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)       ...