Friday, February 04, 2022

 SPY Market Forecast 51.23 Bullish pointing up in the middle zone              
   0.83   PCALL - 10 day SMA (0.75 - 1.00)            
   129.29   SKEW (120 - 140)              
                   
INTERMEDIATE TERM: Downtrend- Price below 30 &10 Wk SMA              
  6-months SIDEWAYS                
  10-days SIDEWAYS                
  3-days DOWN                
                   
Indices                   
UP:     QQQ +1.26% ; SPY +0.47% ; IWM +0.43% ;         
Down:              DIA -0.03%       
                   
  TLT -1.47% at 139.01              
  VIX -4.64% at 23.22              
                   
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  XLY +2.84%  and  XLF +1.70%    Lower =  6      
  2            closing above 30d. SMA  and 9   closing below.
                   
XLY leaders     :    AMZN, ETSY, EBAY, MGM             
XLF leaders     :    LNC, AON, MKTX, PRU             
XLE leaders     :    HES, MRO, HAL, PXD             
                   
Uptrend XLE                 
Sideways XLF, XLP                
Downtrend XLY, XLK, XLC, XLV, XLU, XLI, XLRE, XLB               
                   
                   
Breath:                   
NYSE Weakened  as  Decliners led  1505   to   1802 and  Nasdaq   Strengthened  as  Decliners led 2924   to   1675   
                   
                   
NDX Leaders:                    
56 closing higher  and  46 closing Lower             
AMZN : +13.54% ;  TEAM : +5.42% ;  ZM : +4.47%         
                   
DJIA Leaders:                    
9 closing higher  and  21 closing Lower             
CRM : +3.04% ;  JPM : +2.60% ;  GS : +2.43%         
                   
SP500 Leaders:                    
211 closing higher  and  290 closing Lower             
WLTW : N/A ;  AMZN : +13.54% ;  NLOK : +8.71%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  23                
AMZN, DDOG, GOOG, XLNX, BKNG, BIDU, GOOGL, SPLK, REGN, JD, MAR, NTES, EA, QCOM, ATVI, TMUS, SIRI, PCAR, AAPL, KDP, XEL, MDLZ, VRTX      
                   
Stocks to watch on  Monday                
                   
 Nasdaq100  xsing above30   = 4               
  AMZN, DDOG, SPLK, MAR                
                   
 Nasdaq100  xsing below30  = 3               
  AEP, FISV, PEP                
                   
                   
MACD Crossover:                 
Up   1                
TSLA                   
                   
Down   2                
KDP, SWKS                  
                   

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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)       ...