Tuesday, February 15, 2022

 SPY Market Forecast 43.44 Bearish pointing down in the middle zone            
   0.79   PCALL - 10 day SMA (0.75 - 1.00)            
   128.12   SKEW (120 - 140)              
                   
INTERMEDIATE TERM: Downtrend- Price below 30 &10 Wk SMA              
  6-months SIDEWAYS                
  10-days SIDEWAYS                
  3-days SIDEWAYS                
                   
Indices                   
UP:     QQQ +2.49% ; IWM +2.68% ; SPY +1.61% ; DIA +1.25%       
Down:                      
                   
  TLT -1.14% at 134.98              
  VIX -9.28% at 25.7              
                   
SPY   : Bearish   below 30ds SMA            
QQQ   : Bearish   below 30ds SMA            
DIA   : Bearish   below 30ds SMA            
IWM   : Bearish   crossing above 30ds SMA           
                   
                   
Sectors                   
  9 sectors closed higher led by  XLY +2.24%  and  XLC +1.40%    Lower =  2      
  2            closing above 30d. SMA  and 9   closing below.
                   
XLY leaders     :    EXPE, LVS, KMX, NWL             
XLC leaders     :    NFLX, GOOGL, DIS, MTCH             
XLK leaders     :    MPWR, JKHY, QRVO             
                   
Uptrend XLE                 
Sideways XLP, XLF                
Downtrend XLY, XLC, XLK, XLI, XLB, XLU, XLV, XLRE               
                   
                   
Breath:                   
NYSE Strengthened  as  Advancers led  2584   to   786 and  Nasdaq   Strengthened  as  Advancers led 3729   to   973   
                   
                   
NDX Leaders:                    
91 closing higher  and  10 closing Lower             
SPLK : -0.82% ;  MELI : +4.58% ;  TSLA : +5.33%         
                   
DJIA Leaders:                    
26 closing higher  and  4 closing Lower             
NKE : +2.82% ;  DIS : +2.57% ;  KO : +0.38%         
                   
SP500 Leaders:                    
399 closing higher  and  102 closing Lower             
WLTW : N/A ;  EXPE : +7.49% ;  LVS : +3.35%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  34                
NVDA, MU, ABNB, MAR, CRWD, MELI, ALGN, AVGO, ZS, MTCH, FTNT, BIDU, BKNG, PDD, CTSH, OKTA, TEAM, DDOG, AAPL, JD, ORLY, COST, PCAR, PTON, TMUS, REGN, PANW, VRTX, AMZN, EA, DLTR, CHTR, ATVI, SPLK
                   
Stocks to watch on  Wednesday                
                   
 Nasdaq100  xsing above30   = 13               
  NVDA, ALGN, AVGO, MTCH, CTSH, OKTA, AAPL, ORLY, COST, PCAR, VRTX, AMZN, EA          
                   
 Nasdaq100  xsing below30  = 2               
  XLNX, KDP                
                   
                   
MACD Crossover:                 
Up   4                
MCHP, SWKS, CPRT, CSCO                
                   
Down   1                
INTU                   
                   

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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)       ...