Monday, October 10, 2022

 Futures to Watch - Daily Setups                    
/ES[M22]   $3,631.50 ( 6.25 / +0.17% ) ; Setup:   BEAR             
/GC[M22]   $1,676.40 ( 1.2 / +0.07% ) ; Setup:   BEAR             
/NQ[M22]   $11,016.75 ( 32.25 / +0.29% ) ; Setup:   BEAR             
/CL[K22]   $90.77 ( -0.36 / -0.40% ) ; Setup:   BF             
                      
                      
                      
SPY Market Forecast   20.93 Bearish pointing down in the middle zone               
   1.03   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 DOWN                   
                      
Indices                      
UP:                         
Down:     DIA -0.34% ; IWM -0.56% ; SPY -0.76% ; QQQ -1.00%          
                      
  TLT -1.55% at 99.42                 
  VIX +3.48% at 32.45                 
                      
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                      
  4 sectors closed higher led by  XLP +0.36%  and  XLI +0.35%    Lower =  7         
  1            closing above 30d. SMA  and 10   closing below.   
                      
XLP leaders     :    WBA, MKC, KHC, KR                
XLI leaders     :    ODFL, LHX, BA, NOC                
XLB leaders     :    MOS, NUE, ALB, SEE                
                      
Uptrend  XLE                    
Sideways                      
Downtrend  XLP, XLI, XLB, XLU, XLC, XLF, XLY, XLV, XLRE, XLK                 
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led  1032   to   2143 and  Nasdaq   Weakened   as  Decliners led 1678   to   2920      
                      
                      
NDX Leaders:                        
32 closing higher  and  70 closing Lower                
WBA : +4.33% ;  MRNA : +3.44% ;  KHC : +3.15%            
                      
DJIA Leaders:                        
13 closing higher  and  17 closing Lower                
WBA : +4.33% ;  MRK : +3.29% ;  BA : +1.63%            
                      
SP500 Leaders:                        
190 closing higher  and  309 closing Lower                
WBA : +4.33% ;  MRNA : +3.44% ;  MKC : +3.30%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   12                   
ODFL, ORLY, REGN, MNST, GILD, PCAR, VRTX, DLTR, FTNT, BIIB, ILMN, DXCM                 
                      
Stocks to watch on    Tuesday                   
                      
 Nasdaq100  xsing above30   = 1                  
  ODFL                    
                      
 Nasdaq100  xsing below30  = 1                  
  ZS                    
                      
                      
MACD Crossover:                      
Up   0                   
                      
                      
Down   12                   
AMD, SPLK, CDNS, LULU, WDAY, SWKS, AMAT, ANSS, JD, MRVL, ZS, PDD                  
                      

No comments:

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)       ...