Friday, January 14, 2022

 SPY Market Forecast 58.55 Bearish pointing down in the middle zone              
   0.65   PCALL - 10 day SMA (0.75 - 1.00)              
   133.85   SKEW (120 - 140)                
                     
INTERMEDIATE TERM: Sideways- Price in between 30 &10 Wk SMA               
  6-months UP                  
  10-days DOWN                  
  3-days DOWN                  
                     
Indices                     
UP:     QQQ +0.62% ; IWM +0.14% ; SPY +0.04% ;           
Down:              DIA -0.57%         
                     
  TLT -1.51% at 142.1                
  VIX -5.51% at 19.19                
                     
SPY   : Channel   below 30ds SMA              
QQQ   : Channel   below 30ds SMA              
DIA   : Channel   below 30ds SMA              
IWM   : Channel   below 30ds SMA              
                     
                     
Sectors                     
  4 sectors closed higher led by  XLE +2.35%  and  XLK +0.85%    Lower =  7        
  5            closing above 30d. SMA  and 6   closing below.  
                     
XLE leaders     :    MRO, SLB, BKR, FANG               
XLK leaders     :    LRCX, AMAT, KLAC                
XLC leaders     :    DISCK, DISCA, FOXA, FOX               
                     
Uptrend XLE, XLP, XLI, XLU, XLB, XLF, XLRE                 
Sideways XLK, XLV, XLY                  
Downtrend XLC                   
                     
                     
Breath:                     
NYSE Weakened  as  Decliners led  1350   to   1996 and  Nasdaq   Weakened   as  Decliners led 2117   to   2516     
                     
                     
NDX Leaders:                      
54 closing higher  and  47 closing Lower               
LRCX : +6.27% ;  AMAT : +6.25% ;  CHKP : +5.67%           
                     
DJIA Leaders:                      
15 closing higher  and  15 closing Lower               
AMGN : +1.95% ;  MSFT : +1.77% ;  CVX : +1.70%           
                     
SP500 Leaders:                      
208 closing higher  and  291 closing Lower               
LVS : +14.15% ;  WYNN : +8.60% ;  DISCK : +7.04%           
                     
NASDAQ 100                    
                     
Nasdaq Above 30MA    =  36                  
LRCX, AMAT, KLAC, PDD, VRTX, JD, QCOM, NTES, KDP, LCID, AMGN, ATVI, SPLK, MU, TSLA, ILMN, INTC, BIDU, PCAR, BIIB, KHC, PEP, CMCSA, MDLZ, WBA, FISV, AEP, CTSH, XEL, GILD, CSCO, EA, BKNG, EXC, HON, MAR
                     
Stocks to watch on  Monday                  
                     
 Nasdaq100  xsing above30   = 4                 
  LRCX, PDD, JD, TSLA                  
                     
 Nasdaq100  xsing below30  = 4                 
  CSX, ORLY, SIRI, MNST                  
                     
                     
MACD Crossover:                   
Up   8                  
LRCX, AMAT, KLAC, VRTX, QCOM, AMGN, TXN, ADI                 
                     
Down   3                  
FISV, AEP, SIRI                    

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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)       ...