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                  
                   

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SPY touched all times high once again and reversed at close

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