Monday, December 27, 2021

 SPY Market Forecast 69.23 Bullish pointing up in the middle zone              
   0.63   PCALL - 10 day SMA (0.75 - 1.00)            
   151.87   SKEW (120 - 140)              
                   
INTERMEDIATE TERM: Sideways- Price in between 30 &10 Wk SMA             
  6-months UP                
  10-days UP                
  3-days UP                
                   
Indices                   
UP:     QQQ +1.65% ; SPY +1.42% ; DIA +0.99% ; IWM +0.94%       
Down:                      
                   
  TLT +0.24% at 148.88              
  VIX -1.56% at 17.68              
                   
SPY   : New all times high   above 30ds SMA            
QQQ   : HBO Setup triggered   above 30ds SMA            
DIA   : HBO Setup triggered   above 30ds SMA            
IWM   : Channel   crossing 30ds SMA            
                   
                   
Sectors                   
  11 sectors closed higher led by  XLE +2.19%  and  XLK +2.15%    Lower =  0      
  11            closing above 30d. SMA  and 0   closing below.
                   
XLE leaders     :    APA, DVN, FANG, EOG             
XLK leaders     :    AMD, FTNT, AMAT              
XLRE leaders     :    DRE, CCI, WY, PLD              
                   
Uptrend XLK, XLRE, XLB, XLV, XLP, XLY, XLU               
Sideways XLE, XLI, XLF                
Downtrend XLC                 
                   
                   
Breath:                   
NYSE Strengthened  as  Advancers led  2271   to   1073 and  Nasdaq   Strengthened  as  Advancers led 2422   to   2247   
                   
                   
NDX Leaders:                    
81 closing higher  and  20 closing Lower             
AMD : +5.62% ;  AMAT : +4.65% ;  KLAC : +4.61%         
                   
DJIA Leaders:                    
27 closing higher  and  2 closing Lower             
MSFT : +2.32% ;  AAPL : +2.30% ;  CVX : +2.04%         
                   
SP500 Leaders:                    
452 closing higher  and  48 closing Lower             
APA : +7.29% ;  DVN : +6.09% ;  AMD : +5.62%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  72                
AMD, FTNT, AMAT, KLAC, NVDA, MRVL, LRCX, FB, XLNX, MELI, MCHP, INTU, SNPS, TSLA, NXPI, COST, TXN, MSFT, AAPL, CDNS, ZS, CTSH, ROST, QCOM, ORLY, ANSS, CSCO, ADP, CPRT, DDOG, TEAM, SBUX, CTAS, FAST, IDXX, AVGO, ASML, INTC, ADSK, PANW, CSX, ALGN, DLTR, PAYX, MNST, PEP, VRSN, MAR, MDLZ, VRSK, GOOGL, AEP, GOOG, ILMN, AMGN, EXC, GILD, KHC, WBA, KDP, ATVI, MTCH, EA, XEL, SIRI, ISRG, MU, PYPL, BKNG, VRTX, TMUS, FISV
                   
Stocks to watch on  Tuesday                
                   
 Nasdaq100  xsing above30   = 16               
  AMD, NVDA, XLNX, MELI, INTU, TXN, ZS, ROST, CPRT, TEAM, SBUX, CTAS, ASML, ADSK, MTCH, PYPL         
                   
 Nasdaq100  xsing below30  = 0               
                   
                   
                   
MACD Crossover:                 
Up   8                
NVDA, LRCX, MCHP, NXPI, LULU, ORLY, SWKS, CSX               
                   
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)       ...