Thursday, December 23, 2021

 SPY Market Forecast 58.16 Bullish pointing up in the middle zone              
   0.65   PCALL - 10 day SMA (0.75 - 1.00)            
   150.26   SKEW (120 - 140)              
                   
INTERMEDIATE TERM: Sideways- Price in between 30 &10 Wk SMA             
  6-months UP                
  10-days UP                
  3-days UP                
                   
Indices                   
UP:     IWM +0.80% ; QQQ +0.75% ; SPY +0.62% ; DIA +0.55%       
Down:                      
                   
  TLT -0.87% at 148.52              
  VIX -3.60% at 17.96              
                   
SPY   : HBO Setup   above 30ds SMA            
QQQ   : HBO Setup   above 30ds SMA            
DIA   : HBO Setup   above 30ds SMA            
IWM   : Channel   below 30ds SMA            
                   
                   
Sectors                   
  9 sectors closed higher led by  XLY +1.39%  and  XLI +1.18%    Lower =  2      
  7            closing above 30d. SMA  and 4   closing below.
                   
XLY leaders     :    TSLA, LVS, WYNN, DRI             
XLI leaders     :    HWM, FTV, FBHS, TDG             
XLB leaders     :    LYB, FCX, DD, NEM              
                   
Uptrend XLY, XLB, XLK, XLV, XLP, XLU, XLRE               
Sideways XLI, XLF, XLE                
Downtrend XLC                 
                   
                   
Breath:                   
NYSE Strengthened  as  Advancers led  2283   to   1061 and  Nasdaq   Strengthened  as  Advancers led 3220   to   1484   
                   
                   
NDX Leaders:                    
85 closing higher  and  17 closing Lower             
TSLA : +5.76% ;  MU : +4.52% ;  TCOM : +3.98%         
                   
DJIA Leaders:                    
25 closing higher  and  5 closing Lower             
CAT : +2.00% ;  DOW : +1.68% ;  HON : +1.67%         
                   
SP500 Leaders:                    
400 closing higher  and  102 closing Lower             
TSLA : +5.76% ;  VIAC : +4.80% ;  MU : +4.52%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  56                
TSLA, MU, AMAT, CSX, ADP, KLAC, ATVI, MAR, AVGO, FB, PANW, ALGN, CSCO, VRSN, LRCX, AMGN, ILMN, FAST, EA, SIRI, IDXX, VRSK, QCOM, ANSS, BKNG, INTC, MCHP, PAYX, CDNS, ISRG, CTSH, MSFT, KHC, MNST, DDOG, AAPL, SNPS, DLTR, GOOGL, VRTX, NXPI, FTNT, EXC, KDP, MDLZ, WBA, GOOG, COST, GILD, PEP, AEP, XEL, ORLY, TMUS, FISV, MRVL
                   
Stocks to watch on  Friday                
                   
 Nasdaq100  xsing above30   = 6               
  TSLA, FB, ALGN, VRSK, MSFT, KHC               
                   
 Nasdaq100  xsing below30  = 0               
                   
                   
                   
MACD Crossover:                 
Up   11                
AMAT, HON, ABNB, ROST, ANSS, CPRT, XLNX, MSFT, GOOGL, GOOG, AMZN             
                   
Down   0                
                   
                   

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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)       ...