Friday, October 21, 2022

 Futures to Watch - Daily Setups                    
/ES[M22]   $3,767.50 ( 92.25 / +2.51% ) ; Setup:   HBO             
/GC[M22]   $1,660.20 ( 23.4 / +1.43% ) ; Setup:   BEAR             
/NQ[M22]   $11,364.75 ( 274 / +2.47% ) ; Setup:   HBO             
/CL[K22]   $85.12 ( 0.61 / +0.72% ) ; Setup:   CHANNEL            
                      
                      
                      
SPY Market Forecast   33.19 Bullish pointing up in the middle zone                 
   0.97   PCALL - 10 day SMA (0.75 - 1.00)               
                      
SPY INTERMEDIATE TERM:  Downtrend- Price below 30 &10 Wk SMA                 
  6-months DOWN                   
  10-days UP                   
  3-days UP                   
                      
Indices                      
UP:     DIA +2.56% ; SPY +2.43% ; QQQ +2.34% ; IWM +2.17%          
Down:                         
                      
  TLT -1.80% at 93.17                 
  VIX -0.97% at 29.69                 
                      
SPY   : Downtrend   below 30ds SMA - below 10ds SMA             
QQQ   : Downtrend   below 30ds SMA - below 10ds SMA             
DIA   : Sideways   below 30ds SMA - above 10ds SMA             
IWM   : Downtrend   below 30ds SMA - below 10ds SMA             
                      
                      
Sectors                      
  11 sectors closed higher led by  XLB +3.46%  and  XLF +2.98%    Lower =  0         
  7            closing above 30d. SMA  and 4   closing below.   
                      
XLB leaders     :    FCX, NUE, ALB, DOW                
XLF leaders     :    PBCT, HBAN, KEY, STT                
XLY leaders     :    CZR, GPS, NCLH, WYNN                
                      
Uptrend  XLE                    
Sideways                      
Downtrend  XLB, XLF, XLY, XLI, XLK, XLV, XLU, XLP, XLRE, XLC                 
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led  2259   to   939 and  Nasdaq   Strengthened  as  Advancers led 3053   to   1537      
                      
                      
NDX Leaders:                        
94 closing higher  and  8 closing Lower                
MRNA : +8.40% ;  NFLX : +7.98% ;  ASML : +5.71%            
                      
DJIA Leaders:                        
28 closing higher  and  2 closing Lower                
CAT : +6.07% ;  JPM : +5.25% ;  GS : +4.60%            
                      
SP500 Leaders:                        
470 closing higher  and  31 closing Lower                
SLB : +10.33% ;  FCX : +9.99% ;  HBAN : +9.47%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   42                   
MRNA, NFLX, ASML, ILMN, MU, FTNT, MAR, INTU, AMZN, VRTX, DLTR, CEG, ADI, ISRG, PCAR, HON, WBA, BKNG, AAPL, CSCO, MSFT, ABNB, GILD, SBUX, BIIB, CTAS, AMGN, ADSK, ORLY, SIRI, ADP, DXCM, ADBE, ZM, EA, GOOGL, GOOG, PEP, KDP, CTSH, VRSN, KHC
                      
Stocks to watch on    Monday                   
                      
 Nasdaq100  xsing above30   = 19                  
  MRNA, ASML, MAR, INTU, AMZN, VRTX, DLTR, CEG, ADI, AAPL, CSCO, MSFT, SBUX, CTAS, ADP, GOOGL, GOOG, KDP, CTSH         
                      
 Nasdaq100  xsing below30  = 0                  
                      
                      
                      
MACD Crossover:                      
Up   11                   
PDD, KLAC, NXPI, MCHP, TXN, MRVL, MELI, PCAR, SBUX, ORLY, CRWD                  
                      
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)       ...