Monday, January 31, 2022

  SPY Market Forecast 29.43 Bullish pointing up in the middle zone               
    0.86   PCALL - 10 day SMA (0.75 - 1.00)             
    131.44   SKEW (120 - 140)               
                     
 INTERMEDIATE TERM: Downtrend- Price below 30 &10 Wk SMA               
   6-months SIDEWAYS                 
   10-days DOWN                 
   3-days UP                 
                     
 Indices                    
 UP:     QQQ +3.20% ; SPY +1.80% ; IWM +3.07% ; DIA +1.14%        
 Down:                       
                     
   TLT -0.52% at 142.39               
   VIX -10.23% at 24.83               
                     
 SPY   : Bearish   below 30ds SMA             
 QQQ   : Bearish   below 30ds SMA             
 DIA   : Bearish   below 30ds SMA             
 IWM   : Bearish   below 30ds SMA             
                     
                     
 Sectors                    
   11 sectors closed higher led by  XLK +2.51%  and  XLRE +1.11%    Lower =  0       
   1            closing above 30d. SMA  and 10   closing below.
                     
 XLK leaders     :    V, MA, FIS                
 XLRE leaders     :    CCI, WY, MAA, AMT              
 XLC leaders     :    DISCA, DISCK, CHTR, VIAC              
                     
 Uptrend XLE                  
 Sideways XLF, XLP                 
 Downtrend XLK, XLRE, XLC, XLY, XLV, XLU, XLI, XLB                
                     
                     
 Breath:                    
 NYSE Strengthened  as  Advancers led  2751   to   628 and  Nasdaq   Strengthened  as  Advancers led 3988   to   875    
                     
                     
 NDX Leaders:                     
 91 closing higher  and  11 closing Lower              
 TEAM : +1.62% ;  DXCM : +4.13% ;  MRNA : +6.18%          
                     
 DJIA Leaders:                     
 23 closing higher  and  7 closing Lower              
 V : -0.80% ;  AAPL : +2.61% ;  CRM : +4.73%          
                     
 SP500 Leaders:                     
 421 closing higher  and  79 closing Lower              
 WLTW : N/A ;  V : -0.80% ;  MA : +1.01%          
                     
 NASDAQ 100                   
                     
 Nasdaq Above 30MA    =  19                 
 BKNG, BIDU, SPLK, NTES, PDD, JD, AAPL, PEP, FISV, EXC, MDLZ, KDP, AEP, SIRI, VRTX, ATVI, XEL, PCAR, AMGN          
                     
 Stocks to watch on  Tuesday                 
                     
  Nasdaq100  xsing above30   = 10                
   BIDU, SPLK, NTES, PDD, JD, AAPL, FISV, EA, MDLZ, SIRI              
                     
  Nasdaq100  xsing below30  = 1                
   REGN                  
                     
                     
 MACD Crossover:                  
 Up   39                 
 AMZN, MELI, GOOG, BKNG, GOOGL, ALGN, AVGO, PANW, ZS, IDXX, ANSS, DXCM, NVDA, XLNX, FTNT, WDAY, SNPS, OKTA, ISRG, ZM, ADSK, SPLK, MRNA, PYPL, NTES, SGEN, CDNS, VRSN, ADI, MCHP, AAPL, CPRT, VRSK, DLTR, TXN, ROST, MAR, PTON, EXC
                     
 Down   1                 
 ATVI                    
                     
                     
 

Friday, January 28, 2022

 SPY Market Forecast 26.03 Bullish pointing up in the middle zone              
   0.86   PCALL - 10 day SMA (0.75 - 1.00)            
   132.06   SKEW (120 - 140)              
                   
INTERMEDIATE TERM: Downtrend- Price below 30 &10 Wk SMA              
  6-months SIDEWAYS                
  10-days DOWN                
  3-days SIDEWAYS                
                   
Indices                   
UP:     QQQ +3.14% ; SPY +2.48% ; IWM +1.95% ; DIA +1.63%       
Down:                      
                   
  TLT +0.03% at 143.13              
  VIX -9.28% at 27.66              
                   
SPY   : Bearish   below 30ds SMA            
QQQ   : Bearish   below 30ds SMA            
DIA   : Bearish   below 30ds SMA            
IWM   : Bearish   below 30ds SMA            
                   
                   
Sectors                   
  10 sectors closed higher led by  XLK +4.37%  and  XLRE +3.47%    Lower =  1      
  1            closing above 30d. SMA  and 10   closing below.
                   
XLK leaders     :    V, MA, FIS               
XLRE leaders     :    CCI, WY, MAA, AMT             
XLC leaders     :    DISCA, DISCK, CHTR, VIAC             
                   
Uptrend XLE                 
Sideways XLF, XLP                
Downtrend XLK, XLRE, XLC, XLY, XLV, XLU, XLI, XLB               
                   
                   
Breath:                   
NYSE Strengthened  as  Advancers led  2270   to   1134 and  Nasdaq   Strengthened  as  Advancers led 3153   to   1672   
                   
                   
NDX Leaders:                    
98 closing higher  and  4 closing Lower             
TEAM : +9.72% ;  DXCM : +7.79% ;  MRNA : +7.30%         
                   
DJIA Leaders:                    
25 closing higher  and  5 closing Lower             
V : +10.60% ;  AAPL : +6.98% ;  CRM : +4.41%         
                   
SP500 Leaders:                    
438 closing higher  and  64 closing Lower             
WLTW : N/A ;  V : +10.60% ;  MA : +9.12%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  11                
AEP, AMGN, ATVI, BKNG, EXC, KDP, PCAR, PEP, REGN, VRTX, XEL              
                   
Stocks to watch on  Monday                
                   
 Nasdaq100  xsing above30   = 4               
  AMGN, BKNG, PEP, REGN                
                   
 Nasdaq100  xsing below30  = 1               
  MDLZ                 
                   
                   
MACD Crossover:                 
Up   13                
CHTR, COST, CRWD, CTAS, DOCU, INTU, LULU, MSFT, REGN, SBUX, SIRI, VRTX, XEL            
                   
Down   0                
                   
                   
                   

Thursday, January 27, 2022

 SPY Market Forecast 18.88 Bullish pointing up in the lower zone                
   0.84   PCALL - 10 day SMA (0.75 - 1.00)              
   132.22   SKEW (120 - 140)                
                     
INTERMEDIATE TERM: Downtrend- Price below 30 &10 Wk SMA                
  6-months SIDEWAYS                  
  10-days DOWN                  
  3-days DOWN                  
                     
Indices                     
UP:     DIA +0.03% ;                 
Down:        SPY -0.49% ; QQQ -1.01% ; IWM -2.27%         
                     
  TLT +1.84% at 143.08                
  VIX -4.60% at 30.49                
                     
SPY   : Bearish   below 30ds SMA              
QQQ   : Bearish   below 30ds SMA              
DIA   : Channel at support   below 30ds SMA              
IWM   : Bearish   below 30ds SMA              
                     
                     
Sectors                     
  6 sectors closed higher led by  XLE +1.09%  and  XLU +0.89%    Lower =  5        
  1            closing above 30d. SMA  and 10   closing below.  
                     
XLE leaders     :    CTRA, COP, HES, EOG               
XLU leaders     :    NI, ETR, XEL, ED                
XLP leaders     :    MKC, ADM, KR, KMB               
                     
Uptrend XLE                   
Sideways XLP, XLF                  
Downtrend XLU, XLB, XLV, XLC, XLK, XLI, XLRE, XLY                 
                     
                     
Breath:                     
NYSE Weakened  as  Decliners led  947   to   2477 and  Nasdaq   Weakened   as  Decliners led 1006   to   3873     
                     
                     
NDX Leaders:                      
34 closing higher  and  67 closing Lower               
NFLX : +7.51% ;  SIRI : +2.51% ;  XEL : +1.95%           
                     
DJIA Leaders:                      
17 closing higher  and  12 closing Lower               
DOW : +5.17% ;  CVX : +2.02% ;  MRK : +1.82%           
                     
SP500 Leaders:                      
180 closing higher  and  321 closing Lower               
WLTW : N/A ;  NOW : +9.14% ;  BLL : +8.57%           
                     
NASDAQ 100                    
                     
Nasdaq Above 30MA    =  8                  
XEL, MDLZ, EXC, VRTX, AEP, KDP, ATVI, PCAR                  
                     
Stocks to watch on  Friday                  
                     
 Nasdaq100  xsing above30   = 2                 
  XEL, EXC                  
                     
 Nasdaq100  xsing below30  = 2                 
  BKNG, JD                  
                     
                     
MACD Crossover:                   
Up   1                  
TMUS                     
                     
Down   0                  
                     
                     

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)       ...