Thursday, February 10, 2022

 SPY Market Forecast 50.64 Bearish pointing down in the middle zone              
   0.77   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:                        
Down:     DIA -1.43% ; IWM -1.53% ; SPY -1.80% ; QQQ -2.26%         
                     
  TLT -1.59% at 136.23                
  VIX +19.79% at 23.91                
                     
SPY   : Bearish   below 30ds SMA              
QQQ   : Bearish   below 30ds SMA              
DIA   : Bearish   below 30ds SMA              
IWM   : Bearish   below 30ds SMA              
                     
                     
Sectors                     
  0 sectors closed higher led by  XLB -0.58%  and  XLE -0.62%    Lower =  11        
  2            closing above 30d. SMA  and 9   closing below.  
                     
XLB leaders     :    IFF, MOS, LIN, NUE                
XLE leaders     :    FANG, VLO, CTRA, OXY               
XLF leaders     :    MCO, ZION, SBNY, LNC               
                     
Uptrend XLE                   
Sideways XLF, XLP                  
Downtrend XLB, XLC, XLV, XLI, XLY, XLU, XLK, XLRE                 
                     
                     
Breath:                     
NYSE Weakened  as  Decliners led  856   to   2535 and  Nasdaq   Weakened   as  Decliners led 1451   to   3277     
                     
                     
NDX Leaders:                      
12 closing higher  and  90 closing Lower               
MU : +3.29% ;  TEAM : +3.15% ;  ORLY : +2.85%           
                     
DJIA Leaders:                      
4 closing higher  and  26 closing Lower               
DIS : +3.35% ;  BA : +1.34% ;  KO : +0.56%           
                     
SP500 Leaders:                      
64 closing higher  and  438 closing Lower               
WLTW : N/A ;  DIS : +3.35% ;  MU : +3.29%           
                     
NASDAQ 100                    
                     
Nasdaq Above 30MA    =  33                  
DDOG, MU, TEAM, PDD, ABNB, ZS, MAR, CRWD, BKNG, ATVI, REGN, EA, MELI, KDP, PANW, BIDU, CHTR, AMZN, FTNT, CTSH, COST, GOOG, GOOGL, TMUS, AAPL, JD, ALGN, DLTR, PTON, VRTX, AMGN, XLNX, NTES
                     
Stocks to watch on  Friday                  
                     
 Nasdaq100  xsing above30   = 1                 
  MU                   
                     
 Nasdaq100  xsing below30  = 14                 
  MDLZ, PCAR, XEL, AVGO, NVDA, INTU, ADI, SPLK, SNPS, MRVL, AMD, QCOM, SIRI, SGEN            
                     
                     
MACD Crossover:                   
Up   1                  
ORLY                     
                     
Down   3                  
KDP, CMCSA, MDLZ                   
                     
                     

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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)       ...