Tuesday, March 29, 2022

Another strong day for QQQ and SPY. SPY Market Forecast bullish above 80. Real Estate (XLRE) sector led the bull move. Crude Oil (CL) dropped at the overnight and recovered throughout the day.

 SPY Market Forecast 88.57 Bullish pointing up in the middle zone                
   0.68   PCALL - 10 day SMA (0.75 - 1.00)              
                     
                     
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA                
  6-months UP                  
  10-days UP                  
  3-days UP                  
                     
Indices                     
UP:     IWM +2.68% ; QQQ +1.72% ; SPY +1.24% ; DIA +1.00%         
Down:                        
                     
  TLT +0.76% at 130.74                
  VIX -3.72% at 18.9                
                     
SPY   : up    above 30ds SMA              
QQQ   : up    above 30ds SMA              
DIA   : up    above 30ds SMA              
IWM   : up   above 30ds SMA              
                     
                     
Sectors                     
  10 sectors closed higher led by  XLRE +2.93%  and  XLK +2.12%    Lower =  1        
  11            closing above 30d. SMA  and 0   closing below.  
                     
XLRE leaders     :    SPG, REG, EXR, EQIX               
XLK leaders     :    EPAM, IPGP, MA                
XLY leaders     :    F, PENN, APTV, CZR               
                     
Uptrend XLU, XLI, XLB, XLV, XLE                  
Sideways XLRE, XLK, XLY, XLC, XLP, XLF                 
Downtrend                    
                     
                     
Breath:                     
NYSE Strengthened  as  Advancers led  2750   to   640 and  Nasdaq   Strengthened  as  Advancers led 3605   to   1225     
                     
                     
NDX Leaders:                      
97 closing higher  and  5 closing Lower               
LCID : +7.80% ;  ZM : +7.50% ;  DOCU : +6.28%           
                     
DJIA Leaders:                      
25 closing higher  and  5 closing Lower               
V : +3.33% ;  NKE : +3.21% ;  BA : +3.00%           
                     
SP500 Leaders:                      
435 closing higher  and  67 closing Lower               
VIAC : N/A ;  NLSN : +20.31% ;  EPAM : +11.58%           
                     
NASDAQ 100                    
                     
Nasdaq Above 30MA    =  95                  
LCID, ZM, DOCU, ABNB, MRNA, ROST, PYPL, BKNG, DXCM, DDOG, MAR, LULU, CPRT, ADBE, ADSK, NFLX, SBUX, MNST, MTCH, TEAM, MCHP, ILMN, ANSS, TXN, NXPI, FB, AMAT, FTNT, SNPS, MELI, ZS, MRVL, AMD, SGEN, EBAY, KLAC, ISRG, SWKS, ORLY, GILD, IDXX, FISV, CDNS, EXC, LRCX, ASML, PAYX, CTAS, ADP, AAPL, PCAR, ADI, QCOM, NVDA, BIIB, TMUS, MSFT, VRSK, PEP, INTC, AVGO, ODFL, WBA, CTSH, AEP, INTU, CSCO, ATVI, GOOG, FAST, VRTX, AZN, COST, WDAY, XEL, KDP, GOOGL, REGN, VRSN, TSLA, EA, CMCSA, AMGN, CRWD, CSX, SIRI, HON, AMZN, BIDU, NTES, KHC, DLTR, SPLK, CEG, PANW
                     
Stocks to watch on  Wednesday                  
                     
 Nasdaq100  xsing above30   = 8                 
  ZM, SBUX, GILD, PCAR, QCOM, CSCO, ATVI, BIDU               
                     
 Nasdaq100  xsing below30  = 0                 
                     
                     
                     
MACD Crossover:                   
Up   3                  
OKTA, WBA, AEP                   
                     
Down   1                  
DLTR                     
                     

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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)       ...