Monday, March 28, 2022

QQQ and SPY moved strong into the close. SPY Market Forecast moving above 80 (86.18) in the overbought zone.

 SPY Market Forecast 86.18 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:     QQQ +1.55% ; SPY +0.71% ; DIA +0.27% ; IWM +0.03%       
Down:                      
                   
  TLT +0.85% at 129.76              
  VIX -5.67% at 19.63              
                   
SPY   : up    above 30ds SMA            
QQQ   : up    above 30ds SMA            
DIA   : up    above 30ds SMA            
IWM   : sideways   above 30ds SMA            
                   
                   
Sectors                   
  8 sectors closed higher led by  XLY +2.67%  and  XLRE +1.27%    Lower =  3      
  11            closing above 30d. SMA  and 0   closing below.
                   
XLY leaders     :    TSLA, CCL, ETSY, GPS             
XLRE leaders     :    EQIX, PSA, PLD, DLR             
XLK leaders     :    INTU, ADBE, SNPS              
                   
Uptrend XLV, XLU, XLI, XLB, XLE                
Sideways XLY, XLRE, XLK, XLP, XLC, XLF               
Downtrend                  
                   
                   
Breath:                   
NYSE Weakened  as  Decliners led  1645   to   1706 and  Nasdaq   Weakened   as  Decliners led 2318   to   2480   
                   
                   
NDX Leaders:                    
92 closing higher  and  10 closing Lower             
OKTA : +8.51% ;  TSLA : +8.03% ;  TEAM : +6.37%         
                   
DJIA Leaders:                    
16 closing higher  and  14 closing Lower             
MSFT : +2.31% ;  CRM : +2.01% ;  WMT : +1.78%         
                   
SP500 Leaders:                    
305 closing higher  and  194 closing Lower             
VIAC : N/A ;  TSLA : +8.03% ;  CCL : +5.49%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  87                
TSLA, TEAM, CEG, MELI, INTU, MRNA, ADBE, SNPS, DOCU, LULU, ZS, ANSS, DXCM, ISRG, WDAY, AMZN, KLAC, CTAS, EBAY, MSFT, CDNS, PYPL, REGN, NVDA, VRSN, TMUS, FTNT, VRSK, COST, DDOG, MNST, CSX, ILMN, ADSK, FAST, DLTR, ROST, BKNG, NFLX, EXC, KDP, ASML, MTCH, SGEN, ADI, SPLK, PAYX, LCID, CMCSA, FB, AEP, XEL, ADP, AMGN, VRTX, ODFL, AVGO, SIRI, EA, AAPL, AMD, PANW, LRCX, AMAT, TXN, AZN, MCHP, BIIB, GOOG, PEP, KHC, ABNB, FISV, NTES, WBA, IDXX, CRWD, CTSH, MAR, CPRT, MRVL, GOOGL, HON, NXPI, INTC, SWKS, ORLY
                   
Stocks to watch on  Tuesday                
                   
 Nasdaq100  xsing above30   = 12               
  TEAM, INTU, ADBE, DOCU, ZS, ANSS, TMUS, DDOG, MNST, ROST, KDP, LCID           
                   
 Nasdaq100  xsing below30  = 0               
                   
                   
                   
MACD Crossover:                 
Up   3                
DLTR, XEL, ATVI                  
                   
Down   1                
ORLY                   
                   
                   
 

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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)       ...