Thursday, January 20, 2022

 SPY Market Forecast 26.79 Bearish pointing down in the middle zone               
   0.71   PCALL - 10 day SMA (0.75 - 1.00)               
   134.73   SKEW (120 - 140)                 
                      
INTERMEDIATE TERM: Downtrend- Price below 30 &10 Wk SMA                 
  6-months UP                   
  10-days DOWN                   
  3-days DOWN                   
                      
Indices                      
UP:                         
Down:     DIA -0.86% ; SPY -1.11% ; QQQ -1.30% ; IWM -1.81%          
                      
  TLT +0.62% at 141.94                 
  VIX +7.30% at 25.59                 
                      
SPY   : breaking channel support   below 30ds SMA               
QQQ   : Bearish   below 30ds SMA               
DIA   : Channel at support   below 30ds SMA               
IWM   : Bearish   below 30ds SMA               
                      
                      
Sectors                      
  1 sectors closed higher led by  XLU +0.13%  and  XLF -0.64%    Lower =  10         
  1            closing above 30d. SMA  and 10   closing below.   
                      
XLU leaders     :    NEE, AWK, EXC, WEC                
XLF leaders     :    MS, TRV, BK, WRB                 
XLP leaders     :    PG, PM, MO, SYY                 
                      
Uptrend XLP, XLE                   
Sideways XLU, XLF, XLB                   
Downtrend XLV, XLRE, XLC, XLI, XLK, XLY                   
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led  855   to   2506 and  Nasdaq   Weakened   as  Decliners led 1340   to   3369      
                      
                      
NDX Leaders:                       
18 closing higher  and  84 closing Lower                
TCOM : +7.41% ;  JD : +6.50% ;  BIDU : +4.89%            
                      
DJIA Leaders:                       
4 closing higher  and  26 closing Lower                
TRV : +3.19% ;  PG : +0.54% ;  GS : +0.22%            
                      
SP500 Leaders:                       
80 closing higher  and  418 closing Lower                
WLTW : N/A ;  MS : +4.28% ;  TRV : +3.19%            
                      
NASDAQ 100                     
                      
Nasdaq Above 30MA    =  21                   
JD, BIDU, PDD, BKNG, EA, EXC, MDLZ, FISV, XEL, NTES, CMCSA, AEP, KHC, ATVI, SPLK, WBA, KDP, PEP, VRTX, AMGN, PCAR           
                      
Stocks to watch on  Friday                   
                      
 Nasdaq100  xsing above30   = 0                  
                      
                      
 Nasdaq100  xsing below30  = 4                  
  HON, ILMN, INTC, LCID                   
                      
                      
MACD Crossover:                    
Up   1                   
WDAY                      
                      
Down   5                   
KDP, VRTX, PCAR, LCID, PTON                   
                      

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