Friday, October 28, 2022

 Futures to Watch - Daily Setups                    
/ES[M22]   $3,922.25 ( 102.75 / +2.69% ) ; Setup:   HBO             
/GC[M22]   $1,648.40 ( -17.2 / -1.03% ) ; Setup:   BEAR             
/NQ[M22]   $11,619.25 ( 384 / +3.42% ) ; Setup:   HBO             
/CL[K22]   $88.27 ( -0.81 / -0.91% ) ; Setup:   BF             
                      
                      
                      
SPY Market Forecast   70.23 Bullish pointing up in the middle zone                 
   0.91   PCALL - 10 day SMA (0.75 - 1.00)               
                      
SPY INTERMEDIATE TERM:  Sideways- Price in between 30 &10 Wk SMA                
  6-months DOWN                   
  10-days UP                   
  3-days UP                   
                      
Indices                      
UP:     QQQ +3.06% ; DIA +2.53% ; SPY +2.38% ; IWM +2.27%          
Down:                         
                      
  TLT -0.69% at 96.8                 
  VIX -5.99% at 25.75                 
                      
SPY   : Uptrend   above 30ds SMA - above 10ds SMA             
QQQ   : Uptrend   above 30ds SMA - above 10ds SMA             
DIA   : Uptrend   above 30ds SMA - above 10ds SMA             
IWM   : Uptrend   above 30ds SMA - above 10ds SMA             
                      
                      
Sectors                      
  11 sectors closed higher led by  XLK +4.35%  and  XLU +2.74%    Lower =  0         
  10            closing above 30d. SMA  and 1   closing below.   
                      
XLK leaders     :    XLNX, INTC, VRSN                 
XLU leaders     :    NEE, DTE, PEG, XEL                 
XLC leaders     :    VIAC, DISCK, DISCA, FB                
                      
Uptrend  XLE                    
Sideways                      
Downtrend  XLK, XLU, XLC, XLF, XLRE, XLI, XLP, XLV, XLB, XLY                 
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led  2422   to   757 and  Nasdaq   Strengthened  as  Advancers led 3177   to   1488      
                      
                      
NDX Leaders:                        
90 closing higher  and  12 closing Lower                
DXCM : +19.38% ;  GILD : +12.92% ;  INTC : +10.66%            
                      
DJIA Leaders:                        
29 closing higher  and  1 closing Lower                
INTC : +10.66% ;  AAPL : +7.56% ;  HON : +4.30%            
                      
SP500 Leaders:                        
454 closing higher  and  46 closing Lower                
DXCM : +19.38% ;  GILD : +12.92% ;  INTC : +10.66%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   77                   
INTC, VRTX, AAPL, MELI, SWKS, NXPI, QCOM, AVGO, MU, XEL, LCID, ADI, TXN, MCHP, EXC, AEP, SBUX               
                      
Stocks to watch on    Monday                   
                      
 Nasdaq100  xsing above30   = 17                  
  INTC, VRTX, AAPL, MELI, SWKS, NXPI, QCOM, AVGO, MU, XEL, LCID, ADI, TXN, MCHP, EXC, AEP, SBUX            
                      
 Nasdaq100  xsing below30  = 0                  
                      
                      
                      
MACD Crossover:                      
Up   3                   
VRTX, REGN, PDD                      
                      
Down   3                   
SIRI, JD, AMZN                      
                      

Monday, October 24, 2022

 Futures to Watch - Daily Setups                    
/ES[M22]   $3,805.50 ( 41.5 / +1.10% ) ; Setup:   HBO             
/GC[M22]   $1,654.10 ( -2.2 / -0.13% ) ; Setup:   BEAR             
/NQ[M22]   $11,459.25 ( 100.75 / +0.89% ) ; Setup:   HBO             
/CL[K22]   $84.89 ( -0.16 / -0.19% ) ; Setup:   CHANNEL            
                      
                      
                      
SPY Market Forecast   36.98 Bullish pointing up in the middle zone                 
   0.95   PCALL - 10 day SMA (0.75 - 1.00)               
                      
SPY INTERMEDIATE TERM:  Sideways- Price in between 30 &10 Wk SMA                
  6-months DOWN                   
  10-days UP                   
  3-days UP                   
                      
Indices                      
UP:     DIA +1.34% ; SPY +1.22% ; QQQ +1.10% ; IWM +0.43%          
Down:                         
                      
  TLT -0.83% at 92.4                 
  VIX +0.54% at 29.85                 
                      
SPY   : Sideways   below 30ds SMA - above 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                      
  9 sectors closed higher led by  XLV +1.93%  and  XLP +1.80%    Lower =  2         
  8            closing above 30d. SMA  and 3   closing below.   
                      
XLV leaders     :    CERN, HCA, AMGN                 
XLP leaders     :    COST, KHC, KO, MNST                
XLK leaders     :    XLNX, MSI, CDAY                 
                      
Uptrend  XLE                    
Sideways                      
Downtrend  XLV, XLP, XLK, XLF, XLI, XLU, XLC, XLY, XLRE, XLB                 
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led  1834   to   1344 and  Nasdaq   Strengthened  as  Advancers led 2354   to   2271      
                      
                      
NDX Leaders:                        
76 closing higher  and  26 closing Lower                
COST : +3.93% ;  DLTR : +3.75% ;  AMGN : +3.72%            
                      
DJIA Leaders:                        
27 closing higher  and  3 closing Lower                
AMGN : +3.72% ;  KO : +2.88% ;  HD : +2.81%            
                      
SP500 Leaders:                        
415 closing higher  and  82 closing Lower                
HCA : +6.97% ;  TSCO : +5.30% ;  RF : +5.28%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   56                   
COST, ODFL, REGN, AMAT, MNST, MDLZ, ROST, CSX, IDXX, TMUS, CHTR, CPRT, LRCX, TXN, NVDA, INTC               
                      
Stocks to watch on    Tuesday                   
                      
 Nasdaq100  xsing above30   = 16                  
  COST, ODFL, REGN, AMAT, MNST, MDLZ, ROST, CSX, IDXX, TMUS, CHTR, CPRT, LRCX, TXN, NVDA, INTC            
                      
 Nasdaq100  xsing below30  = 0                  
                      
                      
                      
MACD Crossover:                      
Up   4                   
MRNA, VRTX, ROST, ZS                      
                      
Down   2                   
SBUX, PDD                      
                      
                      

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                   
                      
                      
                      

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)       ...