Thursday, February 17, 2022

 SPY Market Forecast 35.8 Bearish pointing down in the middle zone             
   0.78   PCALL - 10 day SMA (0.75 - 1.00)             
   131.31   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 -1.71% ; SPY -2.14% ; IWM -2.56% ; QQQ -2.97%        
                    
  TLT +0.74% at 136.79               
  VIX +15.73% at 28.11               
                    
SPY   : Bearish   below 30ds SMA             
QQQ   : Bearish   below 30ds SMA             
DIA   : Bearish   below 30ds SMA             
IWM   : Bearish   above 30ds SMA             
                    
                    
Sectors                    
  2 sectors closed higher led by  XLP +0.77%  and  XLU +0.06%    Lower =  9       
  1            closing above 30d. SMA  and 10   closing below.
                    
XLP leaders     :    WMT, CLX, KHC, KO              
XLU leaders     :    DTE, AWK, ATO, ETR              
XLE leaders     :    MRO, PXD, DVN, COP              
                    
Uptrend XLE                  
Sideways XLP, XLF                 
Downtrend XLU, XLRE, XLV, XLB, XLI, XLC, XLY, XLK                
                    
                    
Breath:                    
NYSE Weakened  as  Decliners led  889   to   2497 and  Nasdaq   Weakened   as  Decliners led 1005   to   3719    
                    
                    
NDX Leaders:                     
7 closing higher  and  92 closing Lower              
KHC : +3.19% ;  CSCO : +2.80% ;  MDLZ : +0.53%          
                    
DJIA Leaders:                     
5 closing higher  and  25 closing Lower              
WMT : +4.01% ;  CSCO : +2.80% ;  KO : +2.00%          
                    
SP500 Leaders:                     
76 closing higher  and  423 closing Lower              
WLTW : N/A ;  NEM : +5.40% ;  SEE : +5.00%          
                    
NASDAQ 100                   
                    
Nasdaq Above 30MA    =  19                 
KHC, COST, CSX, ORLY, BIDU, ATVI, REGN, DLTR, PDD, JD, ABNB, AMZN, TMUS, MU, MAR, BKNG, FTNT, DDOG, ZS          
                    
Stocks to watch on  Friday                 
                    
 Nasdaq100  xsing above30   = 0                
                    
                    
 Nasdaq100  xsing below30  = 18                
  XLNX, VRTX, PCAR, AAPL, AVGO, GOOG, GOOGL, CTSH, PTON, TEAM, MTCH, ALGN, ADI, SPLK, PANW, CRWD, NVDA, MELI       
                    
                    
MACD Crossover:                  
Up   1                 
EXC                    
                    
Down   14                 
JD, MNST, IDXX, EBAY, CTSH, ANSS, AMD, TEAM, PANW, NXPI, DXCM, ZM, CRWD, OKTA             
                    

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