Friday, March 18, 2022

SPY bullish, strong push above $441.11 resistance. SPY bias to the upside. Market Forecast bullish.

                    
SPY Market Forecast 46.41 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 UP                
  10-days UP                
  3-days UP                
                   
Indices                   
UP:     QQQ +2.05% ; SPY +1.10% ; IWM +1.05% ; DIA +0.73%       
Down:                      
                   
  TLT +1.22% at 133.44              
  VIX -7.01% at 23.87              
                   
SPY   : bullish    above 30ds SMA            
QQQ   : bullish    above 30ds SMA            
DIA   : bullish    above 30ds SMA            
IWM   : sideways   above 30ds SMA            
                   
                   
Sectors                   
  9 sectors closed higher led by  XLY +2.11%  and  XLK +2.05%    Lower =  2      
  10            closing above 30d. SMA  and 1   closing below.
                   
XLY leaders     :    ETSY, LVS, TSLA, LEN             
XLK leaders     :    EPAM, HPQ, CDAY              
XLC leaders     :    VIAC, MTCH, FB, LUMN             
                   
Uptrend XLV, XLB, XLE, XLU                
Sideways XLY, XLI, XLRE, XLF, XLP                
Downtrend XLK, XLC                
                   
                   
Breath:                   
NYSE Strengthened  as  Advancers led  2214   to   1096 and  Nasdaq   Strengthened  as  Advancers led 3265   to   1463   
                   
                   
NDX Leaders:                    
84 closing higher  and  18 closing Lower             
DOCU : +9.45% ;  OKTA : +8.30% ;  PDD : +8.20%         
                   
DJIA Leaders:                    
20 closing higher  and  10 closing Lower             
CRM : +3.99% ;  NKE : +3.01% ;  V : +2.65%         
                   
SP500 Leaders:                    
350 closing higher  and  152 closing Lower             
VIAC : N/A ;  MTCH : +7.80% ;  EPAM : +7.79%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  69                
OKTA, NVDA, MRNA, ABNB, PYPL, FTNT, TEAM, SPLK, SNPS, FB, ASML, TSLA, VRSN, CDNS, KLAC, WDAY, MELI, LULU, DXCM, IDXX, ANSS, VRSK, MRVL, AMZN, ISRG, MCHP, NFLX, AMAT, ILMN, PANW, ADI, PAYX, CRWD, MSFT, ODFL, GOOGL, SWKS, GOOG, COST, HON, NXPI, CTAS, DLTR, CPRT, AVGO, SIRI, FAST, CTSH, ROST, TXN, INTC, EBAY, FISV, ADP, AMGN, REGN, CSX, MAR, SGEN, KHC, CSCO, VRTX, EXC, AZN, AEP, XEL, TMUS, ORLY, CEG
                   
Stocks to watch on  Monday                
                   
 Nasdaq100  xsing above30   = 17               
  OKTA, ABNB, FTNT, TEAM, FB, KLAC, LULU, ANSS, ISRG, NFLX, AMAT, GOOGL, SWKS, GOOG, SIRI, INTC, EBAY        
                   
 Nasdaq100  xsing below30  = 0               
                   
                   
                   
MACD Crossover:                 
Up   10                
DOCU, DDOG, FTNT, SPLK, ALGN, ISRG, PANW, QCOM, KDP, MU              
                   
Down   0                
                   
                   

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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)       ...