Thursday, December 30, 2021

SPY Market Forecast 93.5 Bullish pointing up in the upper zone                 
   0.59   PCALL - 10 day SMA (0.75 - 1.00)               
   155.27   SKEW (120 - 140)                 
                      
INTERMEDIATE TERM: Sideways- Price in between 30 &10 Wk SMA                
  6-months UP                   
  10-days UP                   
  3-days SIDEWAYS                   
                      
Indices                      
UP:                         
Down:     IWM -0.03% ; DIA -0.21% ; SPY -0.28% ; QQQ -0.30%          
                      
  TLT +0.84% at 147.9                 
  VIX +2.24% at 17.33                 
                      
SPY   : HBO Setup   above 30ds SMA               
QQQ   : Bull Flag Setup   above 30ds SMA               
DIA   : HBO Setup   above 30ds SMA               
IWM   : Channel   above 30ds SMA               
                      
                      
Sectors                      
  4 sectors closed higher led by  XLRE +0.45%  and  XLC +0.42%    Lower =  7         
  10            closing above 30d. SMA  and 1   closing below.   
                      
XLRE leaders     :    VNO, VTR, KIM, BXP                
XLC leaders     :    TWTR, VIAC, DISCK, DISCA                
XLU leaders     :    AES, EXC, PNW, NEE                
                      
Uptrend XLRE, XLU, XLV, XLP, XLB, XLY, XLK                  
Sideways XLF, XLI, XLE                   
Downtrend XLC                    
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led  1847   to   1472 and  Nasdaq   Strengthened  as  Advancers led 2710   to   1908      
                      
                      
NDX Leaders:                       
41 closing higher  and  60 closing Lower                
BIDU : +10.50% ;  PDD : +10.07% ;  NTES : +8.92%            
                      
DJIA Leaders:                       
7 closing higher  and  23 closing Lower                
DIS : +0.68% ;  JNJ : +0.44% ;  IBM : +0.42%            
                      
SP500 Leaders:                       
186 closing higher  and  314 closing Lower                
PENN : +4.54% ;  TWTR : +3.98% ;  VIAC : +3.77%            
                      
NASDAQ 100                     
                      
Nasdaq Above 30MA    =  72                   
BIDU, MELI, MTCH, ILMN, ALGN, EXC, PYPL, EA, IDXX, ROST, SIRI, DLTR, TEAM, ATVI, BKNG, ZS, FB, XEL, KDP, FISV, CPRT, CHTR, AEP, CMCSA, SBUX, PEP, INTC, ASML, PCAR, ADSK, GOOGL, ANSS, SWKS, GILD, PANW, VRTX, MNST, KHC, DDOG, AMGN, WBA, VRSK, CSCO, ISRG, VRSN, AAPL, PAYX, COST, CSX, SNPS, CTSH, REGN, MSFT, NXPI, CDNS, ORLY, MDLZ, FAST, TMUS, ADP, MAR, AVGO, LRCX, MRVL, MCHP, TSLA, KLAC, AMAT, QCOM, FTNT, MU, BIIB
                      
Stocks to watch on  Friday                   
                      
 Nasdaq100  xsing above30   = 5                  
  BIDU, MTCH, PYPL, TEAM, ZS                  
                      
 Nasdaq100  xsing below30  = 0                  
                      
                      
                      
MACD Crossover:                    
Up   2                   
LCID, XEL                     
                      
Down   2                   
VRTX, QCOM                     
                       

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SPY touched all times high once again and reversed at close

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