Wednesday, February 16, 2022

 SPY Market Forecast 39.75 Bearish pointing down in the middle zone               
   0.78   PCALL - 10 day SMA (0.75 - 1.00)               
   129.76   SKEW (120 - 140)                 
                      
INTERMEDIATE TERM: Downtrend- Price below 30 &10 Wk SMA                 
  6-months SIDEWAYS                   
  10-days SIDEWAYS                   
  3-days SIDEWAYS                   
                      
Indices                      
UP:     IWM +0.21% ; SPY +0.11% ;               
Down:           QQQ -0.03% ; DIA -0.16%          
                      
  TLT +0.59% at 135.78                 
  VIX -5.64% at 24.25                 
                      
SPY   : Bearish   below 30ds SMA               
QQQ   : Bearish   below 30ds SMA               
DIA   : Bearish   below 30ds SMA               
IWM   : Bearish   above 30ds SMA               
                      
                      
Sectors                      
  9 sectors closed higher led by  XLE +0.81%  and  XLB +0.73%    Lower =  2         
  2            closing above 30d. SMA  and 9   closing below.   
                      
XLE leaders     :    DVN, SLB, HAL, BKR                
XLB leaders     :    CF, ALB, IFF, NEM                 
XLI leaders     :    GNRC, WAB, LDOS, TXT                
                      
Uptrend XLE, XLF                   
Sideways XLB, XLP                   
Downtrend XLI, XLY, XLRE, XLU, XLV, XLK, XLC                  
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led  2110   to   1245 and  Nasdaq   Strengthened  as  Advancers led 2439   to   2279      
                      
                      
NDX Leaders:                       
45 closing higher  and  56 closing Lower                
KHC : +5.59% ;  ADI : +3.88% ;  BKNG : +2.58%            
                      
DJIA Leaders:                       
13 closing higher  and  17 closing Lower                
DIS : +1.05% ;  PG : +0.76% ;  NKE : +0.63%            
                      
SP500 Leaders:                       
300 closing higher  and  200 closing Lower                
WLTW : N/A ;  GNRC : +14.36% ;  ABMD : +6.80%            
                      
NASDAQ 100                     
                      
Nasdaq Above 30MA    =  37                   
KHC, ADI, ABNB, DDOG, BKNG, CSX, MAR, AMZN, VRTX, GOOGL, GOOG, PCAR, ORLY, CTSH, TMUS, BIDU, REGN, MU, NVDA, PANW, CHTR, ATVI, AAPL, COST, SPLK, ALGN, FTNT, DLTR, AVGO, MTCH, JD, PDD, ZS, MELI, CRWD, TEAM, PTON
                      
Stocks to watch on  Thursday                   
                      
 Nasdaq100  xsing above30   = 5                  
  KHC, ADI, CSX, GOOGL, GOOG                  
                      
 Nasdaq100  xsing below30  = 3                  
  XLNX, EA, OKTA                   
                      
                      
MACD Crossover:                    
Up   4                   
KHC, ADI, NXPI, MNST                    
                      
Down   1                   
WDAY                      
                      

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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)       ...