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               
                     
 

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