Wednesday, October 12, 2022

                       
Futures to Watch - Daily Setups                    
/ES[M22]   $3,593.25 ( -6 / -0.17% ) ; Setup:   BEAR             
/GC[M22]   $1,680.10 ( -5.9 / -0.35% ) ; Setup:   BEAR             
/NQ[M22]   $10,853.00 ( 8 / +0.07% ) ; Setup:   BEAR             
/CL[K22]   $87.10 ( -2.25 / -2.52% ) ; Setup:   BF             
                      
                      
                      
SPY Market Forecast   8.93 Bearish pointing down in the lower 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 DOWN                   
  3-days DOWN                   
                      
Indices                      
UP:                         
Down:     QQQ -0.03% ; DIA -0.04% ; IWM -0.27% ; SPY -0.33%          
                      
  TLT +0.49% at 100.35                 
  VIX -0.18% at 33.57                 
                      
SPY   : Downtrend   below 30ds SMA - below 10ds SMA             
QQQ   : Downtrend   below 30ds SMA - below 10ds SMA             
DIA   : Downtrend   below 30ds SMA - below 10ds SMA             
IWM   : Downtrend   below 30ds SMA - below 10ds SMA             
                      
                      
Sectors                      
  3 sectors closed higher led by  XLE +0.81%  and  XLP +0.53%    Lower =  8         
  1            closing above 30d. SMA  and 10   closing below.   
                      
XLE leaders     :    VLO, CTRA, PSX, BKR                
XLP leaders     :    PEP, TAP, LW, KMB                 
XLY leaders     :    NCLH, RCL, CCL, HLT                
                      
Uptrend  XLE                    
Sideways                      
Downtrend  XLP, XLY, XLC, XLF, XLK, XLV, XLB, XLI, XLRE, XLU                 
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led  1221   to   1973 and  Nasdaq   Weakened   as  Decliners led 2162   to   2414      
                      
                      
NDX Leaders:                        
40 closing higher  and  62 closing Lower                
MRNA : +8.28% ;  ABNB : +5.18% ;  PEP : +4.18%            
                      
DJIA Leaders:                        
13 closing higher  and  17 closing Lower                
JPM : +1.62% ;  KO : +1.21% ;  INTC : +1.16%            
                      
SP500 Leaders:                        
158 closing higher  and  342 closing Lower                
NCLH : +11.61% ;  RCL : +11.48% ;  CCL : +10.09%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   14                   
MRNA, PEP, ODFL, KHC, KDP, AMGN, MNST, BIIB, GILD, ORLY, PCAR, REGN, DXCM, VRTX                
                      
Stocks to watch on    Thursday                   
                      
 Nasdaq100  xsing above30   = 3                  
  MRNA, PEP, KHC                   
                      
 Nasdaq100  xsing below30  = 2                  
  MU, DLTR                   
                      
                      
MACD Crossover:                      
Up   3                   
PEP, INTC, LULU                      
                      
Down   11                   
ISRG, NVDA, CSCO, META, CTSH, ADP, CTAS, FAST, VRTX, ROST, TMUS                  
                      
                      

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