Monday, December 20, 2021

 SPY Market Forecast 57.4 Bearish pointing down in the middle zone               
   0.67   PCALL - 10 day SMA (0.75 - 1.00)               
   134.94   SKEW (120 - 140)                 
                      
INTERMEDIATE TERM: Sideways- Price in between 30 &10 Wk SMA                
  6-months UP                   
  10-days DOWN                   
  3-days DOWN                   
                      
Indices                      
UP:                         
Down:     SPY -1.06% ; QQQ -1.10% ; DIA -1.23% ; IWM -1.40%          
                      
  TLT -0.75% at 149.7                 
  VIX +6.03% at 22.87                 
                      
SPY   : Channel   below 30ds SMA               
QQQ   : Channel   below 30ds SMA               
DIA   : Channel   below 30ds SMA               
IWM   : Channel   below 30ds SMA               
                      
                      
Sectors                      
  2 sectors closed higher led by  XLU +0.09%  and  XLP +0.03%    Lower =  9         
  4            closing above 30d. SMA  and 7   closing below.   
                      
XLU leaders     :    D, AEP, EIX, DUK                 
XLP leaders     :    LW, KR, CLX, KMB                 
XLV leaders     :    PFE, DVA, PRGO                 
                      
Uptrend XLP, XLV, XLRE, XLY, XLB                   
Sideways XLU, XLK, XLE, XLI, XLF                   
Downtrend XLC                    
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led  653   to   2716 and  Nasdaq   Weakened   as  Decliners led 1243   to   3427      
                      
                      
NDX Leaders:                       
19 closing higher  and  83 closing Lower                
SGEN : +3.07% ;  EA : +1.88% ;  AVGO : +1.59%            
                      
DJIA Leaders:                       
6 closing higher  and  24 closing Lower                
MRK : +0.95% ;  HD : +0.37% ;  WMT : +0.32%            
                      
SP500 Leaders:                       
79 closing higher  and  421 closing Lower                
CCL : +3.39% ;  PFE : +2.59% ;  AAL : +2.06%            
                      
NASDAQ 100                     
                      
Nasdaq Above 30MA    =  28                   
AVGO, CERN, AEP, INCY, PEP, VRTX, GILD, XEL, COST, MRVL, DLTR, MNST, WBA, PAYX, CSCO, MDLZ, VRSN, SIRI, ORLY, KDP, TMUS, AAPL, AMGN, MU, FAST, LRCX, CTSH, MRNA     
                      
Stocks to watch on  Tuesday                   
                      
 Nasdaq100  xsing above30   = 0                  
                      
                      
 Nasdaq100  xsing below30  = 8                  
  KHC, CHKP, INTC, MCHP, FB, ANSS, ILMN, FISV                 
                      
                      
MACD Crossover:                    
Up   0                   
                      
                      
Down   5                   
EXC, ORLY, WDAY, INTC, FISV                   
                      

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