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                    
                     

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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)       ...