Inflation soars. Gold Futures move higher, while all indices move lower. Sectors led by Utilities (XLU) and Consumer Staples

 SPY Market Forecast 96.57 Defensive pointing down in the upper zone             
   0.48   PCALL - 10 day SMA (0.75 - 1.00)             
   144.89   SKEW (120 - 140)               
                    
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA               
  6-months UP                 
  10-days UP                 
  3-days DOWN                 
                    
Indices                    
UP:                       
Down:     DIA -0.61% ; SPY -0.80% ; QQQ -1.47% ; IWM -1.58%        
                    
  TLT -1.83% at 148.2               
  VIX +5.34% at 18.73               
                    
SPY   : Bull Flag Setup    above 30ds SMA      Bearish Divergence         
QQQ   : Bull Flag Setup    above 30ds SMA      Bearish Divergence         
DIA   : Bull Flag Setup    above 30ds SMA      Bearish Divergence         
IWM   : Bull Flag Setup    above 30ds SMA             
                    
                    
Sectors                    
  3 sectors closed higher led by  XLU +0.81%  and  XLP +0.30%    Lower =  8       
  11            closing above 30d. SMA  and 0   closing below.
                    
XLU leaders     :    PNW, FE, WEC, AEE              
XLP leaders     :    HSY, KMB, MKC, ADM              
XLV leaders     :    ALXN, PFE, LH, CAH              
                    
Uptrend XLP, XLV, XLF, XLY, XLRE, XLI, XLB, XLK, XLE               
Sideways XLU, XLC                 
Downtrend                   
                    
                    
Breath:                    
NYSE Weakened  as  Decliners led  1066   to   2301 and  Nasdaq   Weakened   as  Decliners led 1309   to   3356    
                    
                    
NDX Leaders:                     
31 closing higher  and  71 closing Lower              
TSLA : +4.34% ;  PDD : +3.93% ;  NTES : +2.33%          
                    
DJIA Leaders:                     
12 closing higher  and  18 closing Lower              
MRK : +1.56% ;  V : +1.19% ;  JNJ : +1.08%          
                    
SP500 Leaders:                     
194 closing higher  and  309 closing Lower              
TSLA : +4.34% ;  MA : +3.86% ;  VTR : +3.65%          
                    
NASDAQ 100                   
                    
Nasdaq Above 30MA    =  74                 
TSLA, NTES, GILD, PCAR, AEP, XEL, REGN, CDW, MDLZ, CMCSA, AMGN, ORLY, EXC, CSCO, DLTR, KHC, PEP, CERN, KDP, MNST, ADP, CTSH, SIRI, PAYX, FAST, CSX, WBA, ROST, COST, CTAS, SBUX, VRSN, WDAY, HON, VRSK, ISRG, INTU, MSFT, CPRT, AVGO, VRTX, GOOG, AAPL, GOOGL, ADI, MAR, MCHP, TEAM, LRCX, DXCM, AMZN, CDNS, ADSK, MRVL, LULU, SGEN, MU, BKNG, ALGN, SNPS, ADBE, KLAC, NXPI, ANSS, XLNX, AMAT, ASML, OKTA, NVDA, CRWD, QCOM, SPLK, AMD, MELI
                    
Stocks to watch on  Thursday                 
                    
 Nasdaq100  xsing above30   = 4                
  GILD, AEP, XEL, CMCSA                 
                    
 Nasdaq100  xsing below30  = 5                
  EA, NFLX, INCY, FB, DOCU                 
                    
                    
MACD Crossover:                  
Up   2                 
CDW, ORLY                   
                    
Down   10                 
CERN, KDP, COST, MSFT, TXN, MAR, LULU, SGEN, ADBE, SPLK               
                    
                    
SETUPS                   
BF  : MSFT, CDNS, CTAS, QCOM, SNPS, PAYX, XLNX, TSLA, PEP, COST, MCHP, AMD, BKNG, FAST, GOOGL, KLAC, MNST, GOOG, MAR, LULU, ISRG, MRVL, ANSS, SGEN, AVGO  
HBO  : ADBE, AMZN, ALGN, CTSH, SPLK, EXC, PCAR, ADP, LRCX, VRSK, MELI, MU, VRSN, CRWD, ORLY          
2T  : HON                  
MACD  :                   
CHANNEL  : AAPL, INTC, SBUX, CHKP, CHTR, IDXX, SWKS, TCOM, XEL, CDW, BIIB, FOXA, FOX, CERN, EBAY, ASML, TXN, TMUS, AMGN, DOCU, INCY, SIRI, CSX, EA, FB, GILD, ILMN, KHC, NFLX, NXPI, AEP, REGN, MDLZ, DXCM, OKTA, TEAM, KDP, MTCH, VRTX, WBA
BEAR  : PYPL, FISV, ATVI, CMCSA, MRNA, PTON                
NH  :                   
EPS  : NVDA, CPRT, WDAY, ROST, ADI, INTU, AMAT, ADSK, BIDU, CSCO, DLTR, JD, NTES, ZM, PDD