Friday, October 07, 2022

 Futures to Watch - Daily Setups                    
/ES[M22]   $3,649.25 ( -107.5 / -2.86% ) ; Setup:   BEAR             
/GC[M22]   $1,702.30 ( -18.5 / -1.08% ) ; Setup:   BF             
/NQ[M22]   $11,096.25 ( -445.5 / -3.86% ) ; Setup:   BEAR             
/CL[K22]   $93.06 ( 4.61 / +5.21% ) ; Setup:   2T             
                      
                      
                      
SPY Market Forecast   22.79 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 SIDEWAYS                   
  3-days DOWN                   
                      
Indices                      
UP:                         
Down:     DIA -2.09% ; SPY -2.79% ; IWM -2.94% ; QQQ -3.81%          
                      
  TLT -0.97% at 100.99                 
  VIX +2.75% at 31.36                 
                      
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                      
  0 sectors closed higher led by  XLE -0.78%  and  XLP -1.50%    Lower =  11         
  1            closing above 30d. SMA  and 10   closing below.   
                      
XLE leaders     :    HAL, CTRA, APA, COP                
XLP leaders     :    MKC, CAG, GIS, LW                 
XLI leaders     :    NOC, LHX, LMT, HII                 
                      
Uptrend                      
Sideways                      
Downtrend  XLE, XLP, XLI, XLU, XLV, XLF, XLRE, XLB, XLC, XLY, XLK                
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led  494   to   2704 and  Nasdaq   Weakened   as  Decliners led 827   to   3682      
                      
                      
NDX Leaders:                        
2 closing higher  and  100 closing Lower                
DXCM : +7.28% ;  AZN : +0.89% ;  DLTR : -0.13%            
                      
DJIA Leaders:                        
1 closing higher  and  29 closing Lower                
MRK : +0.18% ;  MCD : -0.66% ;  CAT : -0.70%            
                      
SP500 Leaders:                        
28 closing higher  and  474 closing Lower                
DXCM : +7.28% ;  NOC : +2.24% ;  HAL : +2.01%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   12                   
DXCM, DLTR, GILD, VRTX, REGN, MNST, BIIB, PCAR, ORLY, ILMN, FTNT, ZS                 
                      
Stocks to watch on    Monday                   
                      
 Nasdaq100  xsing above30   = 0                  
                      
                      
 Nasdaq100  xsing below30  = 20                  
  EA, ROST, CEG, VRSN, SBUX, CTAS, MU, CRWD, IDXX, ADI, WDAY, TXN, TEAM, PYPL, MCHP, MELI, ADSK, ODFL, NFLX, MRVL         
                      
                      
MACD Crossover:                      
Up   0                   
                      
                      
Down   8                   
ATVI, REGN, PAYX, CEG, AAPL, NFLX, DOCU, LCID                   
                      
 

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SPY touched all times high once again and reversed at close

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