Mr. Renko

Sunday, July 14, 2024

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)

SPY INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA
  6-months UP
  10-days UP
  3-days UP

Indices
UP:     IWM +1.17% ; DIA +0.68% ; SPY +0.63% ; QQQ +0.59%
Down:

  TLT +0.43% at 93.94
  VIX 0.00% at 12.46


Sectors
  10 sectors closed higher led by XLY +1.31% and XLB +0.96%    Lower = 1
  11           sectors closing above 30d. SMA and 0   closing below.

XLY leaders     :   RIVN, F, TSCO, MELI
XLB leaders     :   TECK, CE, GOLD, MT
XLK leaders     :   ACN, INTC, INFY

Uptrend XLY, XLB, XLK, XLU, XLV, XLI, XLP, XLF, XLE, XLC
Sideways XLRE
Downtrend


Breath:
NYSE Strengthened as Advancers led           2,110    to                  679 and Nasdaq Strengthened as Advancers led            3,105    to           1,214

FANGT Stocks
UP:     TSLA ; NVDA ; AAPL ;
Down:           MSFT ; GOOGL ; AMZN ; NFLX ; META


NDX Leaders:
81 closing higher and 20 closing Lower
ON : +3.54% ; MELI : +3.08% ; ZS : +3.05%

DJIA Leaders:
22 closing higher and 8 closing Lower
INTC : +2.96% ; IBM : +2.53% ; AMGN : +1.77%

SP500 Leaders:
398 closing higher and 101 closing Lower
ENPH : +6.86% ; BK : +5.24% ; ACN : +4.24%

NASDAQ 100

Nasdaq Above 30MA    =   72
ON, MELI, ZS, TSLA, INTC, GFS, SIRI, BKNG, PDD, CHTR, TEAM, ASML, CDW, ADI, NXPI, INTU, CTSH, FAST, MRVL, ADSK, ODFL, REGN, MDB, AMGN, AZN, PANW, NVDA, WDAY, LIN, CSCO, AAPL, CPRT, MAR, MNST, TXN, LRCX, TTD, AMAT, SNPS, VRSK, CTAS, CSGP, ORLY, ANSS, ROST, KLAC, CDNS, DDOG, ROP, GEHC, TMUS, XEL, CCEP, EA, ADBE, CRWD, ISRG, CSX, CEG, AEP, HON, GILD, BKR, AMD, MSFT, GOOGL, GOOG, AMZN, VRTX, FANG, ILMN

Stocks to watch on    Monday

Nasdaq100 xsing above30   = 4
  PDD, AZN, LIN, MNST

Nasdaq100 xsing below30 = 1
  META


MACD Crossover:
Up   10
ZS, CHTR, AZN, CMCSA, LIN, CSCO, PAYX, ADP, WBA, CCEP

Down   3
AMAT, KLAC, GOOG

Tuesday, June 18, 2024

SPY closing at new all times high. Technology (XLK) and Communication (XLC) sectors leading

SPY Market Forecast   91.26 Defensive pointing down in the upper zone
   0.71   PCALL - 10 day SMA (0.75 - 1.00)

SPY INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA
  6-months UP
  10-days UP
  3-days UP

Indices
UP:     SPY +0.25% ; IWM +0.17% ; DIA +0.14% ; QQQ +0.03%
Down:

  TLT +0.92% at 94.59
  VIX +1.46% at 12.48


Sectors
  8 sectors closed higher led by XLF +0.63% and XLI +0.54%    Lower = 3
  6           sectors closing above 30d. SMA and 5   closing below.

XLF leaders     :   COIN, ADYEY, MS, COF
XLI leaders     :   URI, TT, SBGSY, CMI
XLE leaders     :   PXD, LNG, PBR/A, PBR

Uptrend XLF, XLI, XLE, XLK, XLV, XLP, XLB, XLC
Sideways XLRE, XLU, XLY
Downtrend


Breath:
NYSE Strengthened as Advancers led           1,577    to              1,179 and Nasdaq Weakened   as Advancers led            1,871    to           2,384

FANGT Stocks
UP:     NFLX ; NVDA ;
Down:         META ; TSLA ; MSFT ; AMZN ; GOOGL ; AAPL


NDX Leaders:
50 closing higher and 50 closing Lower
WBA : +6.34% ; SIRI : +4.53% ; CEG : +3.96%

DJIA Leaders:
20 closing higher and 10 closing Lower
GS : +1.61% ; VZ : +1.57% ; HD : +1.25%

SP500 Leaders:
308 closing higher and 188 closing Lower
GEV : +6.41% ; WBA : +6.34% ; TER : +4.84%

NASDAQ 100

Nasdaq Above 30MA    =   52
CEG, MU, QCOM, AMAT, CDW, MRVL, KLAC, LRCX, TTD, ADSK, NFLX, CDNS, ADI, ORLY, SNPS, ROP, ISRG, CPRT, ASML, TXN, ADBE, PAYX, BKNG, CTAS, EA, HON, VRSK, COST, TMUS, NXPI, PCAR, LIN, CRWD, MSFT, KDP, REGN, ANSS, MAR, PANW, AAPL, AZN, ROST, GOOGL, TTWO, GOOG, VRTX, TSLA, SBUX, META, AVGO, ZS, CHTR

Stocks to watch on    Thursday

Nasdaq100 xsing above30   = 1
  CEG

Nasdaq100 xsing below30 = 7
  AMZN, INTC, BIIB, ABNB, CCEP, PDD, FTNT


MACD Crossover:
Up   0


Down   2
AMZN, CHTR

Tuesday, April 23, 2024

SPY Market Forecast   14.16 Bullish pointing up in the lower zone
   0.92   PCALL - 10 day SMA (0.75 - 1.00)

SPY INTERMEDIATE TERM: Sideways- Price in between 30 &10 Wk SMA
  6-months UP
  10-days DOWN
  3-days UP

Indices
UP:     IWM +1.61% ; QQQ +1.50% ; SPY +1.18% ; DIA +0.66%
Down:

  TLT +0.02% at 89.02
  VIX -7.14% at 15.73


Sectors
  10 sectors closed higher led by XLC +1.57% and XLK +1.46%    Lower = 1
  4           sectors closing above 30d. SMA and 7   closing below.

XLC leaders     :   SPOT, ROKU, SE, TTD
XLK leaders     :   SAP, SHOP, DELL
XLI leaders     :   GE, URI, ODFL, CARR

Uptrend XLE
Sideways XLC, XLK, XLI, XLV, XLF, XLU, XLP, XLB
Downtrend XLY, XLRE


Breath:
NYSE Strengthened as Advancers led           2,321    to                  483 and Nasdaq Strengthened as Advancers led            3,145    to           1,148

FANGT Stocks
UP:     NFLX ; NVDA ; META ; TSLA ; MSFT ; AMZN ; GOOGL ; AAPL
Down:


NDX Leaders:
84 closing higher and 15 closing Lower
SPLK : N/A ; MDB : +7.69% ; PANW : +4.25%

DJIA Leaders:
22 closing higher and 8 closing Lower
VZ : +2.85% ; AXP : +2.56% ; CAT : +1.58%

SP500 Leaders:
385 closing higher and 112 closing Lower
GL : +14.23% ; GE : +8.30% ; DHR : +7.21%

NASDAQ 100

Nasdaq Above 30MA    =   23
MDB, PANW, ODFL, DDOG, MRNA, PDD, CEG, TEAM, MDLZ, GOOGL, GOOG, AZN, FANG, AEP, AMGN, XEL, TMUS, ADP, CTAS, KDP, KHC, EXC, PEP

Stocks to watch on    Wednesday

Nasdaq100 xsing above30   = 6
  MDB, ODFL, DDOG, MRNA, TEAM, AMGN

Nasdaq100 xsing below30 = 0



MACD Crossover:
Up   13
MDB, ILMN, ZS, INTU, MRNA, IDXX, COST, REGN, HON, GILD, ORLY, BIIB, CTSH

Down   0