Tuesday, October 18, 2022

                       
Futures to Watch - Daily Setups                    
/ES[M22]   $3,754.50 ( 65.25 / +1.77% ) ; Setup:   CHANNEL            
/GC[M22]   $1,656.70 ( -7.3 / -0.44% ) ; Setup:   BEAR             
/NQ[M22]   $11,314.50 ( 204.25 / +1.84% ) ; Setup:   CHANNEL            
/CL[K22]   $82.46 ( -2.07 / -2.45% ) ; Setup:   BEAR             
                      
                      
                      
SPY Market Forecast   22.02 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:     IWM +1.19% ; SPY +1.17% ; DIA +1.13% ; QQQ +0.79%          
Down:                         
                      
  TLT +0.23% at 98.32                 
  VIX -2.77% at 30.5                 
                      
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                      
  11 sectors closed higher led by  XLI +2.41%  and  XLB +1.96%    Lower =  0         
  4            closing above 30d. SMA  and 7   closing below.   
                      
XLI leaders     :    LMT, NOC, LHX, HII                 
XLB leaders     :    MOS, DD, IFF, CE                 
XLU leaders     :    PNW, EVRG, DTE, CNP                
                      
Uptrend  XLE                    
Sideways                      
Downtrend  XLI, XLB, XLU, XLF, XLY, XLRE, XLP, XLK, XLC, XLV                 
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led  2300   to   909 and  Nasdaq   Strengthened  as  Advancers led 3023   to   1590      
                      
                      
NDX Leaders:                        
80 closing higher  and  22 closing Lower                
PDD : +5.21% ;  DOCU : +5.05% ;  LCID : +4.83%            
                      
DJIA Leaders:                        
25 closing higher  and  5 closing Lower                
CRM : +4.31% ;  AXP : +3.14% ;  JPM : +2.57%            
                      
SP500 Leaders:                        
448 closing higher  and  52 closing Lower                
CCL : +11.14% ;  LMT : +8.69% ;  NCLH : +8.57%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   32                   
FTNT, PCAR, CTAS, ZM, EA, VRSN, KHC, KDP, HON, CEG, CPRT, MAR, CTSH, PEP, ABNB, MNST, VRTX, ADSK, ADP, ORLY, IDXX, ILMN, GILD, SIRI, ODFL, BIIB, SBUX, AMGN, NFLX, REGN, DXCM, MRNA     
                      
Stocks to watch on    Wednesday                   
                      
 Nasdaq100  xsing above30   = 10                  
  FTNT, CTAS, ZM, EA, HON, CEG, CPRT, MAR, CTSH, IDXX                
                      
 Nasdaq100  xsing below30  = 1                  
  MU                    
                      
                      
MACD Crossover:                      
Up   10                   
DOCU, FAST, WDAY, ANSS, AMZN, FTNT, CTAS, CEG, VRTX, TSLA                  
                      
Down   0                   
                      
                      

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SPY touched all times high once again and reversed at close

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