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                  
                     
                     

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SPY touched all times high once again and reversed at close

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