Monday, February 07, 2022

 SPY Market Forecast 50.34 Bearish pointing down in the middle zone            
   0.8   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:     IWM +0.49% ; DIA +0.01% ;            
Down:           SPY -0.32% ; QQQ -0.80%       
                   
  TLT +0.06% at 139.1              
  VIX -1.55% at 22.86              
                   
SPY   : Bearish   below 30ds SMA            
QQQ   : Bearish   below 30ds SMA            
DIA   : Bearish   below 30ds SMA            
IWM   : Bearish   below 30ds SMA            
                   
                   
Sectors                   
  5 sectors closed higher led by  XLE +1.28%  and  XLF +0.30%    Lower =  6      
  2            closing above 30d. SMA  and 9   closing below.
                   
XLE leaders     :    SLB, BKR, VLO, MPC             
XLF leaders     :    ALL, TROW, FITB, WFC             
XLP leaders     :    TSN, CLX, LW, SYY              
                   
Uptrend XLE                 
Sideways XLF, XLP                
Downtrend XLI, XLRE, XLU, XLV, XLY, XLB, XLK, XLC               
                   
                   
Breath:                   
NYSE Strengthened  as  Advancers led  1801   to   1570 and  Nasdaq   Strengthened  as  Advancers led 2758   to   2020   
                   
                   
NDX Leaders:                    
39 closing higher  and  63 closing Lower             
PTON : +20.93% ;  ALGN : +2.11% ;  SGEN : +2.07%         
                   
DJIA Leaders:                    
16 closing higher  and  14 closing Lower             
BA : +2.65% ;  CVX : +1.96% ;  AXP : +1.09%         
                   
SP500 Leaders:                    
254 closing higher  and  243 closing Lower             
WLTW : N/A ;  TSN : +12.23% ;  RCL : +8.44%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  25                
BKNG, AMZN, MAR, SGEN, DDOG, DLTR, CHTR, VRTX, TMUS, XLNX, CTSH, AEP, MDLZ, KDP, ATVI, XEL, SIRI, SPLK, PCAR, REGN, JD, EA, BIDU, GOOG, GOOGL    
                   
Stocks to watch on  Tuesday                
                   
 Nasdaq100  xsing above30   = 5               
  SGEN, DLTR, CHTR, CTSH, AEP               
                   
 Nasdaq100  xsing below30  = 3               
  AAPL, NTES, QCOM                
                   
                   
MACD Crossover:                 
Up   1                
CSCO                   
                   
Down   6                
XEL, SPLK, CMCSA, PEP, TXN, FAST                
                   

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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)       ...