Monday, March 21, 2022

Range day after large bullish move on Friday. Crude Oil continues moving upwards. SPY Market Forecast bullish. All indices closed slightly lower, still above 30ds SMA.

 SPY Market Forecast 58.26 Bullish pointing up in the middle zone               
   0.81   PCALL - 10 day SMA (0.75 - 1.00)             
                    
                    
INTERMEDIATE TERM: Sideways- Price in between 30 &10 Wk SMA              
  6-months UP                 
  10-days UP                 
  3-days UP                 
                    
Indices                    
UP:                       
Down:     SPY -0.05% ; QQQ -0.40% ; DIA -0.52% ; IWM -0.88%        
                    
  TLT -2.32% at 130.35               
  VIX -1.21% at 23.58               
                    
SPY   : bullish    above 30ds SMA             
QQQ   : bullish    above 30ds SMA             
DIA   : bullish    above 30ds SMA             
IWM   : sideways   above 30ds SMA             
                    
                    
Sectors                    
  5 sectors closed higher led by  XLE +4.03%  and  XLB +0.83%    Lower =  6       
  9            closing above 30d. SMA  and 2   closing below.
                    
XLE leaders     :    MRO, OXY, HES, FANG              
XLB leaders     :    MOS, CF, NUE, NEM              
XLU leaders     :    ATO, SRE, AEE, PNW              
                    
Uptrend XLE, XLB, XLU, XLV                 
Sideways XLI, XLP, XLF, XLRE, XLY                 
Downtrend XLK, XLC                 
                    
                    
Breath:                    
NYSE Weakened  as  Decliners led  1314   to   2015 and  Nasdaq   Weakened   as  Decliners led 1731   to   3004    
                    
                    
NDX Leaders:                     
30 closing higher  and  71 closing Lower              
SPLK : +4.66% ;  AMD : +2.17% ;  TSLA : +1.74%          
                    
DJIA Leaders:                     
14 closing higher  and  16 closing Lower              
CVX : +1.80% ;  DOW : +1.52% ;  CAT : +1.27%          
                    
SP500 Leaders:                     
185 closing higher  and  313 closing Lower              
VIAC : N/A ;  MRO : +8.54% ;  OXY : +8.39%          
                    
NASDAQ 100                   
                    
Nasdaq Above 30MA    =  61                 
SPLK, AMD, TSLA, CSX, NVDA, REGN, VRSK, EXC, AAPL, XEL, AEP, VRTX, ADI, ASML, CEG, AZN, ILMN, TXN, AMZN, CSCO, PANW, AMGN, GOOGL, INTC, FAST, GOOG, WDAY, CTSH, MSFT, IDXX, SIRI, ORLY, AMAT, MAR, MRVL, HON, SGEN, MCHP, TMUS, NXPI, ADP, COST, FISV, CDNS, PAYX, SNPS, DLTR, AVGO, DXCM, FTNT, CRWD, MRNA, CTAS, CPRT, FB, KLAC, ODFL, VRSN, MELI, ABNB, PYPL
                    
Stocks to watch on  Tuesday                 
                    
 Nasdaq100  xsing above30   = 2                
  AMD, AAPL                 
                    
 Nasdaq100  xsing below30  = 12                
  KHC, SWKS, LCID, EBAY, NFLX, MNST, TEAM, ISRG, ROST, ANSS, LULU, OKTA            
                    
                    
MACD Crossover:                  
Up   0                 
                    
                    
Down   0                 
                    
                    

No comments:

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)       ...