Thursday, February 03, 2022

 SPY Market Forecast 48.95 Bullish pointing up in the middle zone              
   0.86   PCALL - 10 day SMA (0.75 - 1.00)            
   132.06   SKEW (120 - 140)              
                   
INTERMEDIATE TERM: Downtrend- Price below 30 &10 Wk SMA              
  6-months SIDEWAYS                
  10-days SIDEWAYS                
  3-days SIDEWAYS                
                   
Indices                   
UP:                      
Down:     DIA -1.42% ; IWM -1.89% ; SPY -2.35% ; QQQ -4.05%       
                   
  TLT -0.78% at 141.09              
  VIX +10.23% at 24.35              
                   
SPY   : Bearish   below 30ds SMA            
QQQ   : Bearish   below 30ds SMA            
DIA   : Bearish   below 30ds SMA            
IWM   : Bearish   below 30ds SMA            
                   
                   
Sectors                   
  1 sectors closed higher led by  XLP +0.03%  and  XLV -0.43%    Lower =  10      
  2            closing above 30d. SMA  and 9   closing below.
                   
XLP leaders     :    HSY, KR, MKC, PG              
XLV leaders     :    HUM, BDX, MCK              
XLU leaders     :    EXC, CMS, SO, FE              
                   
Uptrend XLE                 
Sideways XLP, XLF                
Downtrend XLV, XLU, XLRE, XLI, XLB, XLK, XLY, XLC               
                   
                   
Breath:                   
NYSE Weakened  as  Decliners led  617   to   2722 and  Nasdaq   Weakened   as  Decliners led 922   to   3647   
                   
                   
NDX Leaders:                    
12 closing higher  and  90 closing Lower             
TMUS : +10.22% ;  CHKP : +2.43% ;  EXC : +2.17%         
                   
DJIA Leaders:                    
5 closing higher  and  25 closing Lower             
UNH : +1.87% ;  PG : +0.95% ;  KO : +0.70%         
                   
SP500 Leaders:                    
91 closing higher  and  410 closing Lower             
WLTW : N/A ;  DXC : +13.75% ;  TMUS : +10.22%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  22                
TMUS, AEP, EA, MDLZ, SIRI, KDP, PEP, XEL, ATVI, PCAR, JD, NTES, FISV, REGN, AAPL, BKNG, BIDU, XLNX, QCOM, VRTX, GOOGL, GOOG       
                   
Stocks to watch on  Friday                
                   
 Nasdaq100  xsing above30   = 1               
  TMUS                 
                   
 Nasdaq100  xsing below30  = 6               
  CTSH, PDD, AMGN, SPLK, ADI, TXN               
                   
                   
MACD Crossover:                 
Up   4                
ILMN, KDP, MU, ADP                 
                   
Down   2                
PCAR, FB                  
                   

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SPY touched all times high once again and reversed at close

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