Thursday, October 06, 2022

Range day finishing at the low end. SPY Market Forecast closing above 20. Energy (XLE) only sector that closed green.

 Futures to Watch - Daily Setups                    
/ES[M22]   $3,751.00 ( -43 / -1.13% ) ; Setup:   BEAR             
/GC[M22]   $1,720.90 ( 0.1 / +0.01% ) ; Setup:   BF             
/NQ[M22]   $11,505.75 ( -118 / -1.02% ) ; Setup:   BEAR             
/CL[K22]   $88.96 ( 1.2 / +1.37% ) ; Setup:   HBO             
                      
                      
                      
SPY Market Forecast   21 Bullish pointing up in the middle zone                 
   1.01   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 SIDEWAYS                   
                      
Indices                      
UP:                         
Down:     IWM -0.56% ; QQQ -0.79% ; SPY -1.03% ; DIA -1.18%          
                      
  TLT -0.56% at 101.98                 
  VIX +6.90% at 30.52                 
                      
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                      
  1 sectors closed higher led by  XLE +1.78%  and  XLC -0.54%    Lower =  10         
  1            closing above 30d. SMA  and 10   closing below.   
                      
XLE leaders     :    APA, OXY, MRO, XOM                
XLC leaders     :    VIAC, DISCK, DISCA, FB                
XLY leaders     :    WYNN, ETSY, PENN, APTV                
                      
Uptrend                      
Sideways                      
Downtrend  XLE, XLC, XLY, XLK, XLB, XLI, XLV, XLF, XLP, XLRE, XLU                
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led  998   to   2204 and  Nasdaq   Weakened   as  Decliners led 1835   to   2692      
                      
                      
NDX Leaders:                        
21 closing higher  and  81 closing Lower                
DXCM : +4.53% ;  ODFL : +1.72% ;  ZS : +1.54%            
                      
DJIA Leaders:                        
4 closing higher  and  26 closing Lower                
CVX : +1.82% ;  CAT : +0.24% ;  HD : +0.19%            
                      
SP500 Leaders:                        
87 closing higher  and  414 closing Lower                
DXCM : +4.53% ;  APA : +4.15% ;  OXY : +4.07%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   32                   
DXCM, ODFL, ZS, NFLX, CRWD, EA, ADSK, PYPL, FTNT, BIIB, ORLY, WDAY, MU, CTAS, MCHP, DLTR, MNST, MELI, ADI, TXN, GILD, MRVL, SBUX, VRSN, VRTX, IDXX, PCAR, TEAM, ROST, REGN, CEG, ILMN     
                      
Stocks to watch on    Friday                   
                      
 Nasdaq100  xsing above30   = 2                  
  CRWD, EA                   
                      
 Nasdaq100  xsing below30  = 5                  
  CDNS, TMUS, PDD, NXPI, ADP                  
                      
                      
MACD Crossover:                      
Up   1                   
AAPL                      
                      
Down   2                   
PEP, MDLZ                      
                      
                      

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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)       ...