Monday, January 24, 2022

 SPY Market Forecast 13.02 Bearish pointing down in the lower zone              
   0.78   PCALL - 10 day SMA (0.75 - 1.00)            
   136.06   SKEW (120 - 140)              
                   
INTERMEDIATE TERM: Downtrend- Price below 30 &10 Wk SMA              
  6-months UP                
  10-days DOWN                
  3-days DOWN                
                   
Indices                   
UP:     IWM +2.30% ; QQQ +0.46% ; DIA +0.43% ; SPY +0.42%       
Down:                      
                   
  TLT -0.82% at 142.45              
  VIX +3.64% at 29.9              
                   
SPY   : Bearish   below 30ds SMA            
QQQ   : Bearish   below 30ds SMA            
DIA   : Channel at support   below 30ds SMA            
IWM   : Bearish   below 30ds SMA            
                   
                   
Sectors                   
  8 sectors closed higher led by  XLY +1.20%  and  XLC +0.73%    Lower =  3      
  1            closing above 30d. SMA  and 10   closing below.
                   
XLY leaders     :    GPS, BBWI, CZR, BBY             
XLC leaders     :    TMUS, VIAC, FOXA, FOX             
XLE leaders     :    DVN, HAL, EOG, APA             
                   
Uptrend XLE, XLP                
Sideways XLF, XLB, XLU                
Downtrend XLY, XLC, XLI, XLK, XLRE, XLV                
                   
                   
Breath:                   
NYSE Weakened  as  Decliners led  1519   to   1971 and  Nasdaq   Weakened   as  Decliners led 2387   to   2635   
                   
                   
NDX Leaders:                    
70 closing higher  and  32 closing Lower             
PTON : +9.79% ;  TEAM : +6.10% ;  SPLK : +5.21%         
                   
DJIA Leaders:                    
13 closing higher  and  17 closing Lower             
HD : +4.21% ;  TRV : +3.83% ;  NKE : +2.13%         
                   
SP500 Leaders:                    
317 closing higher  and  183 closing Lower             
WLTW : N/A ;  GPS : +7.94% ;  BBWI : +5.90%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  17                
SPLK, KDP, VRTX, CMCSA, WBA, PCAR, PEP, AMGN, AEP, MDLZ, EXC, KHC, ATVI, JD, EA, PDD, BIDU          
                   
Stocks to watch on  Tuesday                
                   
 Nasdaq100  xsing above30   = 1               
  CMCSA                 
                   
 Nasdaq100  xsing below30  = 1               
  XEL                 
                   
                   
MACD Crossover:                 
Up   2                
TEAM, SPLK                  
                   
Down   1                
XLE                   
                   
                   
 

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