Monday, February 28, 2022

 SPY Market Forecast 26.49 Bullish pointing up in the middle zone                
   0.87   PCALL - 10 day SMA (0.75 - 1.00)              
   137.36   SKEW (120 - 140)                
                     
INTERMEDIATE TERM: Downtrend- Price below 30 &10 Wk SMA                
  6-months SIDEWAYS                  
  10-days SIDEWAYS                  
  3-days UP                  
                     
Indices                     
UP:     IWM +0.40% ; QQQ +0.30% ;              
Down:           SPY -0.26% ; DIA -0.35%         
                     
  TLT +2.19% at 139.87                
  VIX +9.28% at 30.15                
                     
SPY   : Bearish   below 30ds SMA              
QQQ   : Bearish   below 30ds SMA              
DIA   : Bearish   below 30ds SMA              
IWM   : Bearish   above 30ds SMA              
                     
                     
Sectors                     
  4 sectors closed higher led by  XLE +2.47%  and  XLI +0.77%    Lower =  7        
  2            closing above 30d. SMA  and 9   closing below.  
                     
XLE leaders     :    OXY, DVN, EOG, APA               
XLI leaders     :    LHX, NOC, LMT, LDOS               
XLY leaders     :    TSLA, ETSY, PENN, PHM               
                     
Uptrend XLE                   
Sideways XLP, XLF                  
Downtrend XLI, XLY, XLU, XLC, XLK, XLV, XLB, XLRE                 
                     
                     
Breath:                     
NYSE Weakened  as  Decliners led  1562   to   1800 and  Nasdaq   Weakened   as  Decliners led 2298   to   2438     
                     
                     
NDX Leaders:                      
45 closing higher  and  55 closing Lower               
TSLA : +7.48% ;  CRWD : +7.41% ;  ZM : +5.81%           
                     
DJIA Leaders:                      
10 closing higher  and  20 closing Lower               
CVX : +2.58% ;  BA : +1.92% ;  CRM : +1.17%           
                     
SP500 Leaders:                      
137 closing higher  and  362 closing Lower               
WLTW : N/A ;  OXY : +12.88% ;  ENPH : +8.44%           
                     
NASDAQ 100                    
                     
Nasdaq Above 30MA    =  27                  
CRWD, FTNT, PANW, IDXX, AMD, MELI, AEP, DLTR, KDP, NVDA, SNPS, PAYX, COST, CHTR, ATVI, REGN, ASML, AVGO, AMZN, DDOG, ALGN, CDNS, ISRG, KHC, MU, TMUS, MAR    
                     
Stocks to watch on  Tuesday                  
                     
 Nasdaq100  xsing above30   = 3                 
  NVDA, PAYX, ASML                  
                     
 Nasdaq100  xsing below30  = 5                 
  AMGN, ADI, CTSH, SPLK, NTES                 
                     
                     
MACD Crossover:                   
Up   15                  
TSLA, ZM, OKTA, DOCU, QCOM, ADBE, GOOGL, COST, ADSK, GOOG, XEL, AVGO, AMGN, MRVL, ROST            
                     
Down   2                  
SPLK, PEP                    
                     

Thursday, February 24, 2022

 SPY Market Forecast 20.29 Bearish pointing down in the middle zone            
   0.88   PCALL - 10 day SMA (0.75 - 1.00)            
   128.36   SKEW (120 - 140)              
                   
INTERMEDIATE TERM: Downtrend- Price below 30 &10 Wk SMA              
  6-months SIDEWAYS                
  10-days DOWN                
  3-days DOWN                
                   
Indices                   
UP:     QQQ +3.36% ; IWM +2.62% ; SPY +1.50% ; DIA +0.25%       
Down:                      
                   
  TLT +0.07% at 136.77              
  VIX -2.26% at 30.32              
                   
SPY   : Bearish   below 30ds SMA            
QQQ   : Bearish   below 30ds SMA            
DIA   : Bearish   below 30ds SMA            
IWM   : Bearish   above 30ds SMA            
                   
                   
Sectors                   
  7 sectors closed higher led by  XLK +3.42%  and  XLC +2.80%    Lower =  4      
  1            closing above 30d. SMA  and 10   closing below.
                   
XLK leaders     :    ENPH, SEDG, FTNT              
XLC leaders     :    LYV, MTCH, DISH, TWTR             
XLY leaders     :    ETSY, UAA, CZR, UA             
                   
Uptrend XLE                 
Sideways XLF, XLP                
Downtrend XLK, XLC, XLY, XLRE, XLI, XLU, XLV, XLB               
                   
                   
Breath:                   
NYSE Strengthened  as  Advancers led  1945   to   1485 and  Nasdaq   Strengthened  as  Advancers led 2919   to   1975   
                   
                   
NDX Leaders:                    
83 closing higher  and  18 closing Lower             
MRNA : +15.10% ;  CRWD : +13.01% ;  MELI : +12.28%         
                   
DJIA Leaders:                    
11 closing higher  and  19 closing Lower             
CRM : +7.22% ;  MSFT : +5.11% ;  INTC : +4.64%         
                   
SP500 Leaders:                    
316 closing higher  and  183 closing Lower             
WLTW : N/A ;  ENPH : +16.43% ;  MRNA : +15.10%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  18                
PANW, CRWD, FTNT, ZS, SNPS, DDOG, CDNS, ALGN, ISRG, SPLK, AVGO, COST, TMUS, MU, MAR, ATVI, DLTR, KHC         
                   
Stocks to watch on  Friday                
                   
 Nasdaq100  xsing above30   = 12               
  PANW, CRWD, FTNT, ZS, SNPS, CDNS, ALGN, ISRG, SPLK, AVGO, COST, MU           
                   
 Nasdaq100  xsing below30  = 0               
                   
                   
                   
MACD Crossover:                 
Up   8                
PANW, SNPS, CDNS, SWKS, LRCX, NXPI, CTAS, ADI               
                   
Down   3                
MU, CSX, DLTR                  
                   

Tuesday, February 22, 2022

 SPY Market Forecast 31.54 Bearish pointing down in the middle zone              
   0.83   PCALL - 10 day SMA (0.75 - 1.00)              
   128.33   SKEW (120 - 140)                
                     
INTERMEDIATE TERM: Downtrend- Price below 30 &10 Wk SMA                
  6-months SIDEWAYS                  
  10-days DOWN                  
  3-days DOWN                  
                     
Indices                     
UP:                        
Down:     QQQ -1.00% ; SPY -1.07% ; IWM -1.41% ; DIA -1.46%         
                     
  TLT +0.26% at 138.59                
  VIX +3.82% at 28.81                
                     
SPY   : Bearish   below 30ds SMA              
QQQ   : Bearish   below 30ds SMA              
DIA   : Bearish   below 30ds SMA              
IWM   : Bearish   above 30ds SMA              
                     
                     
Sectors                     
  0 sectors closed higher led by  XLU -0.11%  and  XLV -0.25%    Lower =  11        
  1            closing above 30d. SMA  and 10   closing below.  
                     
XLU leaders     :    PPL, CNP, SO, AEP                
XLV leaders     :    MDT, BAX, DXCM                
XLRE leaders     :    SBAC, ARE, MAA, UDR               
                     
Uptrend XLE                   
Sideways XLF, XLP                  
Downtrend XLU, XLV, XLRE, XLK, XLI, XLC, XLB, XLY                 
                     
                     
Breath:                     
NYSE Weakened  as  Decliners led  750   to   2599 and  Nasdaq   Weakened   as  Decliners led 1198   to   3539     
                     
                     
NDX Leaders:                      
32 closing higher  and  69 closing Lower               
KHC : +5.04% ;  SGEN : +2.64% ;  OKTA : +2.59%           
                     
DJIA Leaders:                      
5 closing higher  and  25 closing Lower               
MCD : +0.84% ;  AMGN : +0.29% ;  TRV : +0.26%           
                     
SP500 Leaders:                      
114 closing higher  and  383 closing Lower               
WLTW : N/A ;  KHC : +5.04% ;  MDT : +3.12%           
                     
NASDAQ 100                    
                     
Nasdaq Above 30MA    =  10                  
KHC, KDP, ATVI, DDOG, MU, TMUS, MAR, DLTR, BKNG, ABNB                
                     
Stocks to watch on  Wednesday                  
                     
 Nasdaq100  xsing above30   = 0                 
                     
                     
 Nasdaq100  xsing below30  = 5                 
  CHTR, CSCO, COST, ORLY, BIDU                 
                     
                     
MACD Crossover:                   
Up   2                  
TXN, PYPL                    
                     
Down   10                  
MCHP, DDOG, CPRT, ALGN, NVDA, AMZN, COST, AMAT, BKNG, TSLA               
                     
 

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)       ...