Monday, October 24, 2022

 Futures to Watch - Daily Setups                    
/ES[M22]   $3,805.50 ( 41.5 / +1.10% ) ; Setup:   HBO             
/GC[M22]   $1,654.10 ( -2.2 / -0.13% ) ; Setup:   BEAR             
/NQ[M22]   $11,459.25 ( 100.75 / +0.89% ) ; Setup:   HBO             
/CL[K22]   $84.89 ( -0.16 / -0.19% ) ; Setup:   CHANNEL            
                      
                      
                      
SPY Market Forecast   36.98 Bullish pointing up in the middle zone                 
   0.95   PCALL - 10 day SMA (0.75 - 1.00)               
                      
SPY INTERMEDIATE TERM:  Sideways- Price in between 30 &10 Wk SMA                
  6-months DOWN                   
  10-days UP                   
  3-days UP                   
                      
Indices                      
UP:     DIA +1.34% ; SPY +1.22% ; QQQ +1.10% ; IWM +0.43%          
Down:                         
                      
  TLT -0.83% at 92.4                 
  VIX +0.54% at 29.85                 
                      
SPY   : Sideways   below 30ds SMA - above 10ds SMA             
QQQ   : Downtrend   below 30ds SMA - below 10ds SMA             
DIA   : Sideways   below 30ds SMA - above 10ds SMA             
IWM   : Downtrend   below 30ds SMA - below 10ds SMA             
                      
                      
Sectors                      
  9 sectors closed higher led by  XLV +1.93%  and  XLP +1.80%    Lower =  2         
  8            closing above 30d. SMA  and 3   closing below.   
                      
XLV leaders     :    CERN, HCA, AMGN                 
XLP leaders     :    COST, KHC, KO, MNST                
XLK leaders     :    XLNX, MSI, CDAY                 
                      
Uptrend  XLE                    
Sideways                      
Downtrend  XLV, XLP, XLK, XLF, XLI, XLU, XLC, XLY, XLRE, XLB                 
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led  1834   to   1344 and  Nasdaq   Strengthened  as  Advancers led 2354   to   2271      
                      
                      
NDX Leaders:                        
76 closing higher  and  26 closing Lower                
COST : +3.93% ;  DLTR : +3.75% ;  AMGN : +3.72%            
                      
DJIA Leaders:                        
27 closing higher  and  3 closing Lower                
AMGN : +3.72% ;  KO : +2.88% ;  HD : +2.81%            
                      
SP500 Leaders:                        
415 closing higher  and  82 closing Lower                
HCA : +6.97% ;  TSCO : +5.30% ;  RF : +5.28%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   56                   
COST, ODFL, REGN, AMAT, MNST, MDLZ, ROST, CSX, IDXX, TMUS, CHTR, CPRT, LRCX, TXN, NVDA, INTC               
                      
Stocks to watch on    Tuesday                   
                      
 Nasdaq100  xsing above30   = 16                  
  COST, ODFL, REGN, AMAT, MNST, MDLZ, ROST, CSX, IDXX, TMUS, CHTR, CPRT, LRCX, TXN, NVDA, INTC            
                      
 Nasdaq100  xsing below30  = 0                  
                      
                      
                      
MACD Crossover:                      
Up   4                   
MRNA, VRTX, ROST, ZS                      
                      
Down   2                   
SBUX, PDD                      
                      
                      

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SPY touched all times high once again and reversed at close

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