Wednesday, August 10, 2022

All sectors above 30ds SMA. SPY Market Forecast pointing up in the upper zone - bullish. IWM led the sectors +2.86%

                       
Futures to Watch - Daily Setups                    
/ES[M22]   $4,211.25 ( 86.75 / +2.10% ) ; Setup:   2T             
/GC[M22]   $1,808.00 ( -4.3 / -0.24% ) ; Setup:   BF             
/NQ[M22]   $13,383.50 ( 352 / +2.70% ) ; Setup:   HBO             
/CL[K22]   $91.56 ( 1.06 / +1.17% ) ; Setup:   BEAR             
                      
                      
                      
SPY Market Forecast   93.6 Bullish pointing up in the upper zone                 
   0.8   PCALL - 10 day SMA (0.75 - 1.00)               
                      
SPY INTERMEDIATE TERM:  Uptrend- Price above 30 &10 Wk SMA                 
  6-months DOWN                   
  10-days UP                   
  3-days UP                   
                      
Indices                      
UP:     IWM +2.86% ; QQQ +2.79% ; SPY +2.10% ; DIA +1.61%          
Down:                         
                      
  TLT -0.65% at 117.12                 
  VIX -9.32% at 19.74                 
                      
SPY   : Up    above 30ds SMA               
QQQ   : Up    above 30ds SMA               
DIA   : Up    above 30ds SMA               
IWM   : Up    above 30ds SMA               
                      
                      
Sectors                      
  11 sectors closed higher led by  XLB +2.84%  and  XLY +2.82%    Lower =  0         
  11            closing above 30d. SMA  and 0   closing below.   
                      
XLB leaders     :    ALB, PPG, SHW, ECL                
XLY leaders     :    NCLH, RCL, CCL, ETSY                
XLC leaders     :    VIAC, DISCK, DISCA, FB                
                      
Uptrend                      
Sideways  XLY, XLC, XLK, XLI, XLRE, XLE, XLU                  
Downtrend  XLB, XLF, XLV, XLP                   
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led  2750   to   509 and  Nasdaq   Strengthened  as  Advancers led 3587   to   1072      
                      
                      
NDX Leaders:                        
97 closing higher  and  5 closing Lower                
ZS : +10.40% ;  DOCU : +7.72% ;  CRWD : +7.51%            
                      
DJIA Leaders:                        
29 closing higher  and  1 closing Lower                
DIS : +3.98% ;  CRM : +3.50% ;  GS : +3.35%            
                      
SP500 Leaders:                        
465 closing higher  and  37 closing Lower                
NCLH : +12.07% ;  RCL : +9.77% ;  CCL : +9.19%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   90                   
ZS, DOCU, CRWD, DDOG, MRVL, MELI, ZM, NFLX, NVDA, META, ILMN, LRCX, DXCM, AMAT, NXPI, ALGN, PYPL, ASML, KLAC, ODFL, PANW, CSX, OKTA, LULU, MCHP, SWKS, TSLA, MU, ADSK, ABNB, AMD, AMZN, INTU, BKNG, AVGO, QCOM, REGN, TXN, IDXX, WDAY, ANSS, ADBE, SPLK, ADI, GOOG, GOOGL, TEAM, AAPL, CSCO, MSFT, ISRG, FAST, PCAR, ROST, WBA, SBUX, CPRT, CEG, VRSN, GILD, MRNA, VRSK, CTAS, HON, BIIB, MAR, KDP, AMGN, PAYX, EA, CTSH, ADP, EBAY, CDNS, MDLZ, SNPS, PEP, AEP, COST, AZN, FISV, KHC, SIRI, ATVI, ORLY, XEL, EXC, TMUS, VRTX, DLTR
                      
Stocks to watch on    Thursday                   
                      
 Nasdaq100  xsing above30   = 4                  
  ZM, PANW, MU, AZN                   
                      
 Nasdaq100  xsing below30  = 0                  
                      
                      
                      
MACD Crossover:                      
Up   4                   
NFLX, LULU, CSCO, AMGN                     
                      
Down   3                   
AMD, TXN, MRNA                      
                      

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