Monday, January 31, 2022

  SPY Market Forecast 29.43 Bullish pointing up in the middle zone               
    0.86   PCALL - 10 day SMA (0.75 - 1.00)             
    131.44   SKEW (120 - 140)               
                     
 INTERMEDIATE TERM: Downtrend- Price below 30 &10 Wk SMA               
   6-months SIDEWAYS                 
   10-days DOWN                 
   3-days UP                 
                     
 Indices                    
 UP:     QQQ +3.20% ; SPY +1.80% ; IWM +3.07% ; DIA +1.14%        
 Down:                       
                     
   TLT -0.52% at 142.39               
   VIX -10.23% at 24.83               
                     
 SPY   : Bearish   below 30ds SMA             
 QQQ   : Bearish   below 30ds SMA             
 DIA   : Bearish   below 30ds SMA             
 IWM   : Bearish   below 30ds SMA             
                     
                     
 Sectors                    
   11 sectors closed higher led by  XLK +2.51%  and  XLRE +1.11%    Lower =  0       
   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  2751   to   628 and  Nasdaq   Strengthened  as  Advancers led 3988   to   875    
                     
                     
 NDX Leaders:                     
 91 closing higher  and  11 closing Lower              
 TEAM : +1.62% ;  DXCM : +4.13% ;  MRNA : +6.18%          
                     
 DJIA Leaders:                     
 23 closing higher  and  7 closing Lower              
 V : -0.80% ;  AAPL : +2.61% ;  CRM : +4.73%          
                     
 SP500 Leaders:                     
 421 closing higher  and  79 closing Lower              
 WLTW : N/A ;  V : -0.80% ;  MA : +1.01%          
                     
 NASDAQ 100                   
                     
 Nasdaq Above 30MA    =  19                 
 BKNG, BIDU, SPLK, NTES, PDD, JD, AAPL, PEP, FISV, EXC, MDLZ, KDP, AEP, SIRI, VRTX, ATVI, XEL, PCAR, AMGN          
                     
 Stocks to watch on  Tuesday                 
                     
  Nasdaq100  xsing above30   = 10                
   BIDU, SPLK, NTES, PDD, JD, AAPL, FISV, EA, MDLZ, SIRI              
                     
  Nasdaq100  xsing below30  = 1                
   REGN                  
                     
                     
 MACD Crossover:                  
 Up   39                 
 AMZN, MELI, GOOG, BKNG, GOOGL, ALGN, AVGO, PANW, ZS, IDXX, ANSS, DXCM, NVDA, XLNX, FTNT, WDAY, SNPS, OKTA, ISRG, ZM, ADSK, SPLK, MRNA, PYPL, NTES, SGEN, CDNS, VRSN, ADI, MCHP, AAPL, CPRT, VRSK, DLTR, TXN, ROST, MAR, PTON, EXC
                     
 Down   1                 
 ATVI                    
                     
                     
 

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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)       ...