Tuesday, January 04, 2022

Energy (XLE) Sector moved up 3.45%. NYSE Breath Strengthen while Nasdaq weakened. QQQ down 1.3%

 SPY Market Forecast 92.11 Defensive pointing down in the upper zone              
   0.56   PCALL - 10 day SMA (0.75 - 1.00)              
   150.36   SKEW (120 - 140)                
                     
INTERMEDIATE TERM: Sideways- Price in between 30 &10 Wk SMA               
  6-months UP                  
  10-days UP                  
  3-days UP                  
                     
Indices                     
UP:     DIA +0.60% ;                 
Down:        SPY -0.03% ; IWM -0.15% ; QQQ -1.30%         
                     
  TLT -0.42% at 143.7                
  VIX +1.87% at 16.91                
                     
SPY   : New high   above 30ds SMA              
QQQ   : Channel   above 30ds SMA              
DIA   : New high   above 30ds SMA              
IWM   : HBO Setup   above 30ds SMA              
                     
                     
Sectors                     
  5 sectors closed higher led by  XLE +3.46%  and  XLF +2.63%    Lower =  6        
  11            closing above 30d. SMA  and 0   closing below.  
                     
XLE leaders     :    OXY, FANG, HAL, HES               
XLF leaders     :    KEY, SCHW, CFG, AMP               
XLI leaders     :    DE, WAB, CAT, URI                
                     
Uptrend XLB, XLP, XLU, XLRE, XLY, XLK, XLV                 
Sideways XLE, XLF, XLI                  
Downtrend XLC                   
                     
                     
Breath:                     
NYSE Strengthened  as  Advancers led  1718   to   1621 and  Nasdaq   Weakened   as  Advancers led 1844   to   2694     
                     
                     
NDX Leaders:                      
32 closing higher  and  69 closing Lower               
PCAR : +4.81% ;  MAR : +2.50% ;  TCOM : +2.19%           
                     
DJIA Leaders:                      
20 closing higher  and  10 closing Lower               
CAT : +5.35% ;  JPM : +3.79% ;  AXP : +3.21%           
                     
SP500 Leaders:                      
335 closing higher  and  166 closing Lower               
F : +11.67% ;  GM : +7.47% ;  OXY : +7.47%           
                     
NASDAQ 100                    
                     
Nasdaq Above 30MA    =  53                  
PCAR, MAR, KHC, CTSH, KDP, CSX, FISV, MNST, AVGO, HON, SWKS, WBA, MDLZ, NXPI, XEL, MU, EA, FAST, QCOM, AMGN, ADP, ORLY, PEP, BKNG, AEP, ROST, EXC, INTC, PAYX, VRTX, ATVI, COST, DLTR, GILD, FB, MCHP, VRSN, KLAC, MTCH, AMAT, BIIB, CMCSA, MRVL, AAPL, ISRG, BIDU, LRCX, ADSK, PYPL, SBUX, CSCO, TSLA, MELI
                     
Stocks to watch on  Wednesday                  
                     
 Nasdaq100  xsing above30   = 2                 
  HON, FAST                  
                     
 Nasdaq100  xsing below30  = 14                 
  SPLK, ABNB, MSFT, ILMN, SNPS, ASML, CDNS, XLNX, SIRI, SGEN, PANW, ALGN, AMD, IDXX           
                     
                     
MACD Crossover:                   
Up   2                  
XEL, QCOM                    
                     
Down   17                  
ORLY, COST, FB, MCHP, VRSN, ISRG, REGN, AMZN, MSFT, LRCX, INTU, ILMN, CSCO, OKTA, IDXX, CRWD, ZS            
                     

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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)       ...