Friday, January 28, 2022

 SPY Market Forecast 26.03 Bullish pointing up in the middle zone              
   0.86   PCALL - 10 day SMA (0.75 - 1.00)            
   132.06   SKEW (120 - 140)              
                   
INTERMEDIATE TERM: Downtrend- Price below 30 &10 Wk SMA              
  6-months SIDEWAYS                
  10-days DOWN                
  3-days SIDEWAYS                
                   
Indices                   
UP:     QQQ +3.14% ; SPY +2.48% ; IWM +1.95% ; DIA +1.63%       
Down:                      
                   
  TLT +0.03% at 143.13              
  VIX -9.28% at 27.66              
                   
SPY   : Bearish   below 30ds SMA            
QQQ   : Bearish   below 30ds SMA            
DIA   : Bearish   below 30ds SMA            
IWM   : Bearish   below 30ds SMA            
                   
                   
Sectors                   
  10 sectors closed higher led by  XLK +4.37%  and  XLRE +3.47%    Lower =  1      
  1            closing above 30d. SMA  and 10   closing below.
                   
XLK leaders     :    V, MA, FIS               
XLRE leaders     :    CCI, WY, MAA, AMT             
XLC leaders     :    DISCA, DISCK, CHTR, VIAC             
                   
Uptrend XLE                 
Sideways XLF, XLP                
Downtrend XLK, XLRE, XLC, XLY, XLV, XLU, XLI, XLB               
                   
                   
Breath:                   
NYSE Strengthened  as  Advancers led  2270   to   1134 and  Nasdaq   Strengthened  as  Advancers led 3153   to   1672   
                   
                   
NDX Leaders:                    
98 closing higher  and  4 closing Lower             
TEAM : +9.72% ;  DXCM : +7.79% ;  MRNA : +7.30%         
                   
DJIA Leaders:                    
25 closing higher  and  5 closing Lower             
V : +10.60% ;  AAPL : +6.98% ;  CRM : +4.41%         
                   
SP500 Leaders:                    
438 closing higher  and  64 closing Lower             
WLTW : N/A ;  V : +10.60% ;  MA : +9.12%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  11                
AEP, AMGN, ATVI, BKNG, EXC, KDP, PCAR, PEP, REGN, VRTX, XEL              
                   
Stocks to watch on  Monday                
                   
 Nasdaq100  xsing above30   = 4               
  AMGN, BKNG, PEP, REGN                
                   
 Nasdaq100  xsing below30  = 1               
  MDLZ                 
                   
                   
MACD Crossover:                 
Up   13                
CHTR, COST, CRWD, CTAS, DOCU, INTU, LULU, MSFT, REGN, SBUX, SIRI, VRTX, XEL            
                   
Down   0                
                   
                   
                   

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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)       ...