Last trading day of 2022. Wishing everyone a great 2023.

 Futures to Watch - Daily Setups                    
/ES[H23]   $3,866.75 ( -5 / -0.13% ) ; Setup:   BEAR             
/CL[F23]   $80.33 ( 1.93 / +2.46% ) ; Setup:   HBO             
/NQ[H23]   $11,040.75 ( 8 / +0.07% ) ; Setup:   BEAR             
/GC[G23]   $1,830.20 ( 4.2 / +0.23% ) ; Setup:   HBO             
                      
                      
                      
SPY Market Forecast   18.47 Bearish pointing down in the lower zone                 
   1.1   PCALL - 10 day SMA (0.75 - 1.00)               
                      
SPY INTERMEDIATE TERM:  Downtrend- Price below 30 &10 Wk SMA                 
  6-months DOWN                   
  10-days SIDEWAYS                   
  3-days SIDEWAYS                   
                      
Indices                      
UP:                         
Down:     QQQ -0.06% ; DIA -0.22% ; SPY -0.26% ; IWM -0.28%          
                      
  TLT -1.11% at 99.56                 
  VIX +1.07% at 21.67                 
                      
SPY   : Sideways   below 30ds SMA - above 10ds SMA             
QQQ   : Down    below 30ds SMA - below 10ds SMA             
DIA   : Sideways   below 30ds SMA - above 10ds SMA             
IWM   : Sideways   below 30ds SMA - above 10ds SMA             
                      
                      
Sectors                      
  2 sectors closed higher led by  XLE +0.63%  and  XLC +0.04%    Lower =  9         
  0            closing above 30d. SMA  and 11   closing below.   
                      
XLE leaders     :    APA, COP, HAL, BKR                
XLC leaders     :    VIAC, DISCK, DISCA, FB                
XLK leaders     :    XLNX, CTXS, NLOK                 
                      
Uptrend  XLV, XLI                   
Sideways  XLE, XLF, XLY, XLP, XLB, XLU                   
Downtrend  XLC, XLK, XLRE                   
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led  1402   to   1711 and  Nasdaq   Weakened   as  Decliners led 2256   to   2375      
                      
                      
NDX Leaders:                        
40 closing higher  and  62 closing Lower                
LCID : +1.94% ;  NFLX : +1.29% ;  LULU : +1.12%            
                      
DJIA Leaders:                        
11 closing higher  and  19 closing Lower                
BA : +0.84% ;  INTC : +0.84% ;  CVX : +0.66%            
                      
SP500 Leaders:                        
133 closing higher  and  361 closing Lower                
CTXS : N/A ;  NLOK : N/A ;  TTWO : +2.75%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   21                   
                      
                      
Stocks to watch on    Monday                   
                      
 Nasdaq100  xsing above30   = 0                  
                      
                      
 Nasdaq100  xsing below30  = 8                  
  HON, FISV, MDLZ, ISRG, PDD, AEP, CTAS, JD                 
                      
                      
MACD Crossover:                      
Up   12                   
LULU, TMUS, SIRI, ABNB, META, VRSN, AMZN, ZM, PAYX, EBAY, VRSK, MU                 
                      
Down   3                   
MNST, NTES, MELI                      
                      

 Futures to Watch - Daily Setups                    
/ES[H23]   $4,054.75 ( 29.75 / +0.74% ) ; Setup:   BEAR             
/CL[F23]   $75.21 ( 2.04 / +2.79% ) ; Setup:   CHANNEL            
/NQ[H23]   $11,954.25 ( 124.5 / +1.05% ) ; Setup:   CHANNEL            
/GC[G23]   $1,822.50 ( 30.2 / +1.68% ) ; Setup:   HBO             
                      
                      
                      
SPY Market Forecast   67.58 Bullish pointing up in the middle zone                 
   0.89   PCALL - 10 day SMA (0.75 - 1.00)               
                      
SPY INTERMEDIATE TERM:  Uptrend- Price above 30 &10 Wk SMA                 
  6-months SIDEWAYS                   
  10-days SIDEWAYS                   
  3-days UP                   
                      
Indices                      
UP:     QQQ +1.08% ; IWM +0.83% ; SPY +0.76% ; DIA +0.35%          
Down:                         
                      
  TLT +0.97% at 107.7                 
  VIX -9.80% at 22.55                 
                      
SPY   : Up    above 30ds SMA - below 10ds SMA             
QQQ   : UP    above 30ds SMA - below 10ds SMA             
DIA   : Up    above 30ds SMA - below 10ds SMA             
IWM   : Down    below 30ds SMA - below 10ds SMA             
                      
                      
Sectors                      
  9 sectors closed higher led by  XLRE +2.20%  and  XLE +1.90%    Lower =  1         
  9            closing above 30d. SMA  and 2   closing below.   
                      
XLRE leaders     :    CBRE, EQIX, SBAC, AMT                
XLE leaders     :    HAL, APA, SLB, BKR                
XLC leaders     :    VIAC, DISCK, DISCA, FB                
                      
Uptrend  XLB, XLK, XLI, XLV, XLF, XLP                   
Sideways  XLRE, XLE, XLC, XLU, XLY                   
Downtrend                      
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led  2224   to   937 and  Nasdaq   Strengthened  as  Advancers led 2724   to   1885      
                      
                      
NDX Leaders:                        
73 closing higher  and  28 closing Lower                
MRNA : +19.63% ;  MTCH : +7.67% ;  DOCU : +7.32%            
                      
DJIA Leaders:                        
20 closing higher  and  10 closing Lower                
CVX : +2.23% ;  CRM : +1.89% ;  MRK : +1.78%            
                      
SP500 Leaders:                        
351 closing higher  and  144 closing Lower                
CTXS : N/A ;  MRNA : +19.63% ;  HAL : +7.87%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   73                   
MRNA, REGN, MTCH, GOOGL, GOOG, AAPL                   
                      
Stocks to watch on    Wednesday                   
                      
 Nasdaq100  xsing above30   = 6                  
  MRNA, REGN, MTCH, GOOGL, GOOG, AAPL                 
                      
 Nasdaq100  xsing below30  = 3                  
  KDP, FAST, VRTX                   
                      
                      
MACD Crossover:                      
Up   8                   
AVGO, LRCX, META, MSFT, ADSK, ODFL, DXCM, CRWD                   
                      
Down   3                   
PDD, KHC, ABNB                      
                      

SPY is bearish as Market Forecast Intermediate line is pointing down in the middle zone. Descending resistance line was rejected at $410

SPY closed just above the 30 weekly and daily simple moving averages. The bias is Bearish since the market forecast is in the middle zone (below 80) pointing down, and the price is below the first day of the month opening range.

IWM broke minor support at $180.51 heading towards the next support at $174.21. MACD and stochastic indicators are confirming the bearish bias.

 Futures to Watch - Daily Setups                    
/ES[H23]   $3,964.50 ( -32.75 / -0.82% ) ; Setup:   HBO             
/CL[F23]   $71.59 ( 0.13 / +0.18% ) ; Setup:   BEAR             
/NQ[H23]   $11,667.25 ( -91.75 / -0.78% ) ; Setup:   HBO             
/GC[G23]   $1,809.40 ( 7.9 / +0.44% ) ; Setup:   HBO             
                      
                      
                      
SPY Market Forecast   64.7 Bearish pointing down in the middle zone               
   91   PCALL - 10 day SMA (0.75 - 1.00)               
                      
SPY INTERMEDIATE TERM:  Uptrend- Price above 30 &10 Wk SMA                 
  6-months DOWN                   
  10-days DOWN                   
  3-days SIDEWAYS                   
                      
Indices                      
UP:                         
Down:     QQQ -0.64% ; SPY -0.75% ; DIA -0.91% ; IWM -1.23%          
                      
  TLT -2.60% at 106.33                 
  VIX +2.42% at 22.83                 
                      
SPY   : Sideways   above 30ds SMA - below 10ds SMA             
QQQ   : Sideways   above 30ds SMA - below 10ds SMA             
DIA   : Sideways   above 30ds SMA - below 10ds SMA             
IWM   : Down    below 30ds SMA - below 10ds SMA             
                      
                      
Sectors                      
  1 sectors closed higher led by  XLC +0.28%  and  XLRE -0.21%    Lower =  10         
  8            closing above 30d. SMA  and 3   closing below.   
                      
XLC leaders     :    VIAC, DISCK, DISCA, FB                
XLRE leaders     :    VNO, WELL, AMT, VTR                
XLF leaders     :    PBCT, KEY, CMA, STT                
                      
Uptrend  XLF, XLK, XLP, XLI, XLB, XLV                   
Sideways  XLC, XLRE, XLY, XLU, XLE                   
Downtrend                      
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led  924   to   2216 and  Nasdaq   Weakened   as  Decliners led 1648   to   2865      
                      
                      
NDX Leaders:                        
23 closing higher  and  78 closing Lower                
DOCU : +12.37% ;  TSLA : +3.23% ;  NFLX : +3.14%            
                      
DJIA Leaders:                        
5 closing higher  and  25 closing Lower                
DIS : +0.90% ;  VZ : +0.81% ;  CRM : +0.75%            
                      
SP500 Leaders:                        
115 closing higher  and  381 closing Lower                
CTXS : N/A ;  PARA : +5.08% ;  TSLA : +3.23%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   60                   
DOCU, ODFL                      
                      
Stocks to watch on    Monday                   
                      
 Nasdaq100  xsing above30   = 2                  
  DOCU, ODFL                   
                      
 Nasdaq100  xsing below30  = 9                  
  PAYX, CTSH, HON, AMD, PCAR, QCOM, AMGN, VRTX, LULU                
                      
                      
MACD Crossover:                      
Up   3                   
Symbol, DOCU, DDOG                      
                      
Down   2                   
META, AEP