Wednesday, February 09, 2022

 SPY Market Forecast 49.65 Bearish pointing down in the middle zone            
   0.78   PCALL - 10 day SMA (0.75 - 1.00)            
   126.25   SKEW (120 - 140)              
                   
INTERMEDIATE TERM: Downtrend- Price below 30 &10 Wk SMA              
  6-months SIDEWAYS                
  10-days SIDEWAYS                
  3-days SIDEWAYS                
                   
Indices                   
UP:     QQQ +2.12% ; IWM +1.90% ; SPY +1.46% ; DIA +0.88%       
Down:                      
                   
  TLT +0.19% at 138.43              
  VIX -6.90% at 19.96              
                   
SPY   : Bearish   below 30ds SMA            
QQQ   : Bearish   below 30ds SMA            
DIA   : Bearish   below 30ds SMA            
IWM   : Bearish   below 30ds SMA            
                   
                   
Sectors                   
  11 sectors closed higher led by  XLC +2.82%  and  XLRE +2.42%    Lower =  0      
  4            closing above 30d. SMA  and 7   closing below.
                   
XLC leaders     :    OMC, FOXA, FOX, DISCK             
XLRE leaders     :    EQIX, ESS, EQR, AVB             
XLK leaders     :    ENPH, PAYC, SEDG              
                   
Uptrend XLE                 
Sideways XLF, XLP                
Downtrend XLC, XLRE, XLK, XLB, XLI, XLY, XLV, XLU               
                   
                   
Breath:                   
NYSE Strengthened  as  Advancers led  2400   to   916 and  Nasdaq   Strengthened  as  Advancers led 3340   to   1389   
                   
                   
NDX Leaders:                    
92 closing higher  and  10 closing Lower             
MELI : +7.83% ;  FOXA : +7.42% ;  MRNA : +6.99%         
                   
DJIA Leaders:                    
23 closing higher  and  7 closing Lower             
DIS : +3.33% ;  INTC : +2.25% ;  MSFT : +2.18%         
                   
SP500 Leaders:                    
425 closing higher  and  74 closing Lower             
WLTW : N/A ;  OMC : +14.19% ;  ENPH : +12.03%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  46                
MELI, NVDA, ALGN, TEAM, SNPS, FTNT, INTU, ABNB, CRWD, PANW, NTES, PTON, JD, ZS, AMD, PDD, BKNG, XLNX, ADI, QCOM, CTSH, DDOG, BIDU, TMUS, SPLK, AVGO, MRVL, GOOG, DLTR, ATVI, GOOGL, COST, VRTX, MAR, PCAR, EA, SGEN, CHTR, SIRI, AAPL, XEL, REGN, MDLZ, AMZN, KDP, AMGN
                   
Stocks to watch on  Thursday                
                   
 Nasdaq100  xsing above30   = 13               
  MELI, NVDA, ALGN, TEAM, SNPS, INTU, CRWD, PANW, AMD, ADI, AVGO, MRVL, REGN          
                   
 Nasdaq100  xsing below30  = 1               
  AEP                 
                   
                   
MACD Crossover:                 
Up   5                
LCID, SWKS, INTC, CMCSA, MDLZ                
                   
Down   0                
                   
                   
                   

No comments:

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)       ...