Friday, February 18, 2022

 SPY Market Forecast 34.28 Bearish pointing down in the middle zone              
   0.81   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:                        
Down:     DIA -0.64% ; SPY -0.65% ; IWM -0.86% ; QQQ -1.14%         
                     
  TLT +1.05% at 138.23                
  VIX -1.28% at 27.75                
                     
SPY   : Bearish   below 30ds SMA              
QQQ   : Bearish   below 30ds SMA              
DIA   : Bearish   below 30ds SMA              
IWM   : Bearish   above 30ds SMA              
                     
                     
Sectors                     
  1 sectors closed higher led by  XLP +0.18%  and  XLF -0.03%    Lower =  10        
  2            closing above 30d. SMA  and 9   closing below.  
                     
XLP leaders     :    CLX, K, CHD, KHC                
XLF leaders     :    ALL, PGR, AON, L                
XLB leaders     :    SEE, NUE, IP, LIN                
                     
Uptrend XLE                   
Sideways XLP, XLF                  
Downtrend XLB, XLU, XLRE, XLY, XLV, XLC, XLI, XLK                 
                     
                     
Breath:                     
NYSE Weakened  as  Decliners led  1259   to   2049 and  Nasdaq   Weakened   as  Decliners led 1508   to   3147     
                     
                     
NDX Leaders:                      
21 closing higher  and  79 closing Lower               
DLTR : +5.22% ;  CSCO : +2.58% ;  ROST : +1.87%           
                     
DJIA Leaders:                      
8 closing higher  and  22 closing Lower               
CSCO : +2.58% ;  KO : +0.68% ;  VZ : +0.47%           
                     
SP500 Leaders:                      
171 closing higher  and  328 closing Lower               
WLTW : N/A ;  DLTR : +5.22% ;  ED : +3.88%           
                     
NASDAQ 100                    
                     
Nasdaq Above 30MA    =  15                  
DLTR, CSCO, KHC, KDP, ORLY, ATVI, CHTR, BKNG, COST, TMUS, MAR, MU, DDOG, ABNB, BIDU             
                     
Stocks to watch on  Monday                  
                     
 Nasdaq100  xsing above30   = 2                 
  CSCO, KDP                  
                     
 Nasdaq100  xsing below30  = 7                 
  CSX, AMZN, FTNT, REGN, ZS, JD, PDD                 
                     
                     
MACD Crossover:                   
Up   1                  
GILD                     
                     
Down   22                  
CTAS, AVGO, VRSN, CHTR, MRVL, PAYX, TMUS, VRSK, FTNT, REGN, SNPS, KLAC, CDNS, SPLK, ZS, PTON, MTCH, DOCU, BIDU, INTC, PDD, MELI        
                     

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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)       ...