Thursday, March 17, 2022

Markets continues to move higher with all indices crossing above 30ds SMA. SPY Market Forecast continues bullish. SPY closes right below resistance.

 
SPY crossing above 30ds SMA, above the First Day of the Month (FDoM) range and, above descending trendline. 
It is right below 441.11 resistance... Let's see if it confirms the break tomorrow (Friday)
















SPY Market Forecast 36.53 Bullish pointing up in the middle zone             
   0.84   PCALL - 10 day SMA (0.75 - 1.00)           
                  
                  
INTERMEDIATE TERM: Sideways- Price in between 30 &10 Wk SMA            
  6-months SIDEWAYS               
  10-days UP               
  3-days UP               
                  
Indices                  
UP:     IWM +1.57% ; QQQ +1.21% ; SPY +1.25% ; DIA +1.20%      
Down:                     
                  
  TLT -0.75% at 131.83             
  VIX -3.75% at 25.67             
                  
SPY   : bullish    crossing above 30ds SMA          
QQQ   : sideways   crossing above 30ds SMA          
DIA   : bullish    crossing above 30ds SMA          
IWM   : sideways   above 30ds SMA           
                  
                  
Sectors                  
  11 sectors closed higher led by  XLE +3.44%  and  XLB +1.92%    Lower =  0     
  8            closing above 30d. SMA  and 3   closing below.
                  
XLE leaders     :    DVN, OXY, APA, MRO            
XLB leaders     :    MOS, DOW, FCX, CF            
XLY leaders     :    ETSY, RL, DG, GRMN            
                  
Uptrend XLE, XLB, XLV, XLU               
Sideways XLY, XLRE, XLI, XLF, XLP               
Downtrend XLC, XLK               
                  
                  
Breath:                  
NYSE Strengthened  as  Advancers led  2633   to   719 and  Nasdaq   Strengthened  as  Advancers led 3551   to   1202  
                  
                  
NDX Leaders:                   
86 closing higher  and  16 closing Lower            
CRWD : +7.63% ;  MELI : +6.80% ;  DOCU : +4.92%        
                  
DJIA Leaders:                   
28 closing higher  and  2 closing Lower            
DOW : +5.37% ;  AXP : +3.52% ;  CAT : +2.60%        
                  
SP500 Leaders:                   
419 closing higher  and  81 closing Lower            
VIAC : N/A ;  DVN : +9.65% ;  OXY : +9.47%        
                  
NASDAQ 100                 
                  
Nasdaq Above 30MA    =  52               
CRWD, MELI, DXCM, PYPL, TSLA, SPLK, VRSK, ILMN, WDAY, VRSN, AZN, AMZN, FAST, DLTR, CSX, CDNS, PANW, CPRT, AMGN, FISV, COST, CTAS, IDXX, SNPS, TXN, NVDA, REGN, CTSH, ROST, TMUS, MCHP, ADI, PAYX, SGEN, NXPI, MRVL, ADP, XEL, CSCO, VRTX, ASML, HON, MSFT, KHC, ORLY, EXC, AEP, ODFL, MAR, MRNA, AVGO, CEG
                  
Stocks to watch on  Friday               
                  
 Nasdaq100  xsing above30   = 12              
  PYPL, TSLA, SPLK, ILMN, WDAY, VRSN, FISV, SNPS, ROST, ADI, NXPI, MSFT          
                  
 Nasdaq100  xsing below30  = 0              
                  
                  
                  
MACD Crossover:                
Up   20               
ZS, WDAY, OKTA, MTCH, VRSN, LRCX, GILD, CDNS, SWKS, MNST, IDXX, SNPS, EA, INTC, LULU, AAPL, MDLZ, BIDU, JD, PDD       
                  
Down   1               
AEP                  
                  

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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)       ...