Tuesday, March 22, 2022

Up, up, up. Careful, SPY Market Forecast bullish and all indices closed in positive territory. VIX at 22.94 (down 2.51%). XLY led the sectors - (TSLA, ETSY)

 SPY Market Forecast 68.91 Bullish pointing up in the middle zone              
   0.8   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 +1.97% ; SPY +1.17% ; IWM +1.00% ; DIA +0.78%       
Down:                      
                   
  TLT -1.28% at 128.68              
  VIX -2.51% at 22.94              
                   
SPY   : bullish    above 30ds SMA            
QQQ   : bullish    above 30ds SMA            
DIA   : bullish    above 30ds SMA            
IWM   : sideways   above 30ds SMA            
                   
                   
Sectors                   
  10 sectors closed higher led by  XLY +2.48%  and  XLC +1.87%    Lower =  1      
  10            closing above 30d. SMA  and 1   closing below.
                   
XLY leaders     :    TSLA, ETSY, F, NKE              
XLC leaders     :    VIAC, MTCH, LYV, DISCK             
XLF leaders     :    WFC, SIVB, SCHW, SYF             
                   
Uptrend XLB, XLU, XLV, XLE                
Sideways XLY, XLF, XLP, XLI, XLRE                
Downtrend XLC, XLK                
                   
                   
Breath:                   
NYSE Strengthened  as  Advancers led  2035   to   1281 and  Nasdaq   Strengthened  as  Advancers led 3343   to   1341   
                   
                   
NDX Leaders:                    
91 closing higher  and  11 closing Lower             
PDD : +18.85% ;  TSLA : +7.91% ;  NTES : +6.52%         
                   
DJIA Leaders:                    
24 closing higher  and  6 closing Lower             
BA : +2.76% ;  NKE : +2.23% ;  JPM : +2.13%         
                   
SP500 Leaders:                    
361 closing higher  and  138 closing Lower             
VIAC : N/A ;  TSLA : +7.91% ;  EPAM : +6.86%         
                   
NASDAQ 100                  
                   
Nasdaq Above 30MA    =  82                
TSLA, NTES, MRNA, CRWD, BIDU, MELI, LCID, MTCH, SPLK, CEG, FTNT, TEAM, PANW, SNPS, MNST, ABNB, ADBE, PYPL, GOOG, GOOGL, FB, IDXX, NFLX, SWKS, LULU, ANSS, INTC, AMZN, AAPL, ADSK, BIIB, CDNS, SIRI, CTSH, LRCX, AVGO, MSFT, VRSN, KLAC, ADP, CMCSA, DLTR, ISRG, PEP, TXN, HON, ODFL, SGEN, AMAT, DXCM, MRVL, FISV, ILMN, CPRT, KHC, ASML, EBAY, COST, ROST, VRTX, PAYX, AEP, WDAY, CTAS, VRSK, MAR, ADI, CSCO, AZN, ORLY, WBA, AMGN, FAST, EXC, REGN, XEL, CSX, TMUS, MCHP, NVDA, AMD, NXPI
                   
Stocks to watch on  Wednesday                
                   
 Nasdaq100  xsing above30   = 21               
  NTES, BIDU, LCID, MTCH, TEAM, MNST, ADBE, NFLX, SWKS, LULU, ANSS, ADSK, BIIB, LRCX, CMCSA, ISRG, PEP, KHC, EBAY, ROST, WBA     
                   
 Nasdaq100  xsing below30  = 0               
                   
                   
                   
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)       ...