Tuesday, October 11, 2022

                       
Futures to Watch - Daily Setups                    
/ES[M22]   $3,607.25 ( 8 / +0.22% ) ; Setup:   BEAR             
/GC[M22]   $1,673.40 ( -12.6 / -0.75% ) ; Setup:   BEAR             
/NQ[M22]   $10,873.25 ( 28.25 / +0.26% ) ; Setup:   BEAR             
/CL[K22]   $88.56 ( -0.79 / -0.88% ) ; Setup:   BF             
                      
                      
                      
SPY Market Forecast   15 Bearish pointing down in the lower zone                 
   0.94   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:     DIA +0.11% ; IWM +0.03% ;               
Down:           SPY -0.63% ; QQQ -1.37%          
                      
  TLT +0.44% at 99.86                 
  VIX +3.64% at 33.63                 
                      
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  XLRE +0.94%  and  XLP +0.82%    Lower =  8         
  1            closing above 30d. SMA  and 10   closing below.   
                      
XLRE leaders     :    PEAK, SPG, ESS, AVB                
XLP leaders     :    KR, WMT, KHC, WBA                
XLV leaders     :    CERN, VTRS, AMGN                
                      
Uptrend  XLE                    
Sideways                      
Downtrend  XLRE, XLP, XLV, XLI, XLU, XLB, XLY, XLF, XLK, XLC                 
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led  1391   to   1826 and  Nasdaq   Weakened   as  Decliners led 1818   to   2804      
                      
                      
NDX Leaders:                        
25 closing higher  and  76 closing Lower                
AMGN : +5.72% ;  MU : +4.53% ;  KHC : +2.55%            
                      
DJIA Leaders:                        
17 closing higher  and  13 closing Lower                
AMGN : +5.72% ;  WMT : +2.59% ;  WBA : +2.42%            
                      
SP500 Leaders:                        
200 closing higher  and  300 closing Lower                
VTRS : +7.31% ;  AMGN : +5.72% ;  MU : +4.53%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   13                   
AMGN, MU, GILD, KDP, PCAR, REGN, ORLY, VRTX, DLTR, ODFL, BIIB, DXCM, MNST                
                      
Stocks to watch on    Wednesday                   
                      
 Nasdaq100  xsing above30   = 3                  
  AMGN, MU, KDP                   
                      
 Nasdaq100  xsing below30  = 2                  
  ILMN, FTNT                   
                      
                      
MACD Crossover:                      
Up   2                   
MDLZ, ATVI                      
                      
Down   27                   
IDXX, VRSK, BIIB, INTC, SBUX, INTU, ADI, CMCSA, DDOG, AVGO, MSFT, PYPL, TXN, NXPI, MCHP, NTES, CRWD, PANW, QCOM, MELI, FTNT, ASML, SNPS, BIDU, TEAM, KLAC, LRCX       
                      
                      

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