Wednesday, December 15, 2021

 SPY Market Forecast 75.56 Bullish pointing up in the middle zone               
   0.72   PCALL - 10 day SMA (0.75 - 1.00)             
   141.75   SKEW (120 - 140)               
                    
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA               
  6-months UP                 
  10-days UP                 
  3-days SIDEWAYS                 
                    
Indices                    
UP:     QQQ +2.28% ; IWM +1.59% ; SPY +1.56% ; DIA +1.02%        
Down:                       
                    
  TLT -0.96% at 149.25               
  VIX -11.88% at 19.29               
                    
SPY   : HBO Setup   above 30ds SMA             
QQQ   : HBO Setup   above 30ds SMA             
DIA   : HBO Setup   above 30ds SMA             
IWM   : Channel   below 30ds SMA             
                    
                    
Sectors                    
  10 sectors closed higher led by  XLK +2.65%  and  XLV +2.05%    Lower =  1       
  6            closing above 30d. SMA  and 5   closing below.
                    
XLK leaders     :    AMD, NVDA, FTNT               
XLV leaders     :    LLY, PFE, INCY               
XLU leaders     :    AEP, ETR, WEC, CMS              
                    
Uptrend XLK, XLV, XLRE, XLY, XLP, XLI, XLF, XLB, XLE               
Sideways XLU, XLC                 
Downtrend                   
                    
                    
Breath:                    
NYSE Strengthened  as  Advancers led  2205   to   1149 and  Nasdaq   Strengthened  as  Advancers led 3010   to   1746    
                    
                    
NDX Leaders:                     
86 closing higher  and  16 closing Lower              
AMD : +8.04% ;  NVDA : +7.49% ;  CRWD : +6.04%          
                    
DJIA Leaders:                     
23 closing higher  and  7 closing Lower              
CSCO : +3.74% ;  UNH : +3.11% ;  AAPL : +2.85%          
                    
SP500 Leaders:                     
403 closing higher  and  98 closing Lower              
LLY : +10.39% ;  AMD : +8.04% ;  NVDA : +7.49%          
                    
NASDAQ 100                   
                    
Nasdaq Above 30MA    =  53                 
INCY, CDNS, SNPS, NXPI, AVGO, AMAT, QCOM, XLNX, CSCO, COST, MRVL, MCHP, ORLY, ANSS, AAPL, MU, LRCX, AMGN, AEP, FB, PAYX, MDLZ, MRNA, CERN, XEL, CTAS, INTC, ADP, GOOGL, KDP, VRSK, TXN, GOOG, EXC, VRSN, CSX, ILMN, CDW, PEP, SIRI, CTSH, FAST, GILD, TMUS, MNST, VRTX, WBA, DLTR, SWKS, SBUX, PCAR, FISV, REGN
                    
Stocks to watch on  Thursday                 
                    
 Nasdaq100  xsing above30   = 18                
  CDNS, SNPS, NXPI, AMAT, XLNX, ANSS, PAYX, MRNA, INTC, ADP, GOOGL, KDP, TXN, GOOG, VRSN, CDW, SIRI, SWKS        
                    
 Nasdaq100  xsing below30  = 0                
                    
                    
                    
MACD Crossover:                  
Up   4                 
SNPS, SGEN, INTC, DXCM                 
                    
Down   1                 
BIDU                    
                    

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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)       ...