Wednesday, January 26, 2022

 SPY Market Forecast 16.61 Bearish pointing down in the lower zone               
   0.8   PCALL - 10 day SMA (0.75 - 1.00)             
   133.38   SKEW (120 - 140)               
                    
INTERMEDIATE TERM: Downtrend- Price below 30 &10 Wk SMA               
  6-months SIDEWAYS                 
  10-days DOWN                 
  3-days DOWN                 
                    
Indices                    
UP:                       
Down:     QQQ -0.16% ; SPY -0.25% ; DIA -0.44% ; IWM -1.44%        
                    
  TLT -1.21% at 140.5               
  VIX +2.57% at 31.96               
                    
SPY   : Bearish   below 30ds SMA             
QQQ   : Bearish   below 30ds SMA             
DIA   : Channel at support   below 30ds SMA             
IWM   : Bearish   below 30ds SMA             
                    
                    
Sectors                    
  2 sectors closed higher led by  XLK +0.59%  and  XLF +0.26%    Lower =  9       
  1            closing above 30d. SMA  and 10   closing below.
                    
XLK leaders     :    GLW, AVGO, TER               
XLF leaders     :    LNC, MTB, RJF, SCHW              
XLE leaders     :    SLB, DVN, WMB, OXY              
                    
Uptrend XLE                  
Sideways XLF, XLP                 
Downtrend XLK, XLY, XLV, XLU, XLI, XLB, XLC, XLRE                
                    
                    
Breath:                    
NYSE Weakened  as  Decliners led  1085   to   2323 and  Nasdaq   Weakened   as  Decliners led 1614   to   3192    
                    
                    
NDX Leaders:                     
32 closing higher  and  70 closing Lower              
AVGO : +4.30% ;  MSFT : +2.85% ;  KLAC : +2.83%          
                    
DJIA Leaders:                     
10 closing higher  and  20 closing Lower              
MSFT : +2.85% ;  V : +1.92% ;  INTC : +1.35%          
                    
SP500 Leaders:                     
150 closing higher  and  351 closing Lower              
WLTW : N/A ;  GLW : +11.16% ;  ADM : +5.70%          
                    
NASDAQ 100                   
                    
Nasdaq Above 30MA    =  8                 
BKNG, PCAR, AEP, VRTX, ATVI, MDLZ, JD, KDP                
                    
Stocks to watch on  Thursday                 
                    
 Nasdaq100  xsing above30   = 1                
  BKNG                  
                    
 Nasdaq100  xsing below30  = 3                
  BIDU, SPLK, PDD                 
                    
                    
MACD Crossover:                  
Up   1                 
DDOG                    
                    
Down   2                 
JD, PDD                    
                    

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