Friday, December 29, 2023

Last trading day of the year. All indices down led by IWM, bull flag setup, in a VERY extended bullish move. Only two sectors closed higher. Breath weakened.

 SPY Market Forecast   96.36 Defensive pointing down in the upper zone                 
   0.74   PCALL - 10 day SMA (0.75 - 1.00)               
                      
SPY INTERMEDIATE TERM:  Uptrend- Price above 30 &10 Wk SMA                 
  6-months UP                   
  10-days UP                   
  3-days SIDEWAYS                   
                      
Indices                      
UP:                         
Down:     DIA -0.04% ; SPY -0.29% ; QQQ -0.43% ; IWM -1.63%          
                      
  TLT -0.90% at 98.88                 
  VIX -0.16% at 12.45                 
                      
                      
Sectors                      
  2 sectors closed higher led by  XLP +0.21%  and  XLV +0.10%    Lower =  9         
  10           sectors closing above 30d. SMA  and 1   closing below.   
                      
XLP leaders     :    HSY, KR, KHC, CHD                 
XLV leaders     :    BSX, LZAGY, MCK                 
XLI leaders     :    RELX, RSG, GD, WM                 
                      
Uptrend  XLP, XLV, XLI, XLK, XLF, XLB, XLC, XLY, XLRE                 
Sideways  XLU, XLE                   
Downtrend                      
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led              788    to               2,051  and  Nasdaq   Weakened   as  Decliners led            1,247    to            3,071       
                      
                      
NDX Leaders:                        
26 closing higher  and  74 closing Lower                
ORLY : +0.94% ;  TMUS : +0.87% ;  MRNA : +0.67%            
                      
DJIA Leaders:                        
13 closing higher  and  17 closing Lower                
TRV : +0.61% ;  VZ : +0.56% ;  PG : +0.56%            
                      
SP500 Leaders:                        
147 closing higher  and  350 closing Lower                
BSX : +2.72% ;  MOH : +1.37% ;  HSY : +1.27%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   89                   
TMUS, MRNA, PDD, KHC, MAR, VRSK, LULU, MNST, ANSS, PEP, CTAS, HON, MDLZ, ADP, MSFT, SPLK, ROST, CSCO, AZN, XEL, NVDA, WDAY, DXCM, BKR, KDP, BKNG, FAST, CCEP, ASML, AEP, AMGN, GILD, FANG, DLTR, ROP, PCAR, CSX, PANW, GOOG, INTC, GEHC, ISRG, CRWD, CDNS, TTWO, IDXX, GOOGL, REGN, CTSH, COST, INTU, AVGO, VRTX, ADSK, NXPI, CDW, CMCSA, ABNB, AMAT, BIIB, CSGP, MCHP, TXN, NFLX, MU, LRCX, ADI, QCOM, KLAC, AMD, AMZN
                      
Stocks to watch on    Monday                   
                      
 Nasdaq100  xsing above30   = 1                  
  VRSK                    
                      
 Nasdaq100  xsing below30  = 3                  
  AAPL, MELI, CHTR                   
                      
                      
MACD Crossover:                      
Up   3                   
TMUS, EXC, GILD                      
                      
Down   0                   
                      
                      

Thursday, December 28, 2023

Low volume trading day.

SPY Market Forecast   96.38 Bullish pointing up in the upper zone                 
   0.72   PCALL - 10 day SMA (0.75 - 1.00)               
                      
SPY INTERMEDIATE TERM:  Uptrend- Price above 30 &10 Wk SMA                 
  6-months UP                   
  10-days UP                   
  3-days UP                   
                      
Indices                      
UP:     DIA +0.12% ; SPY +0.04% ;               
Down:           QQQ -0.05% ; IWM -0.38%          
                      
  TLT -0.73% at 99.78                 
  VIX +0.32% at 12.47                 
                      
                      
Sectors                      
  8 sectors closed higher led by  XLU +0.71%  and  XLRE +0.62%    Lower =  3         
  10           sectors closing above 30d. SMA  and 1   closing below.   
                      
XLU leaders     :    NRG, EXC, D, VST                 
XLRE leaders     :    BEKE, BXP, MAA, CPT                 
XLF leaders     :    COIN, ADYEY, MS, COF                
                      
Uptrend  XLF, XLC, XLK, XLI, XLY                   
Sideways  XLU, XLRE, XLV, XLB, XLE                   
Downtrend  XLP                    
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led           1,344    to               1,482  and  Nasdaq   Weakened   as  Decliners led            2,030    to            2,260       
                      
                      
NDX Leaders:                        
53 closing higher  and  47 closing Lower                
JD : +2.74% ;  AMD : +1.84% ;  WBD : +1.74%            
                      
DJIA Leaders:                        
20 closing higher  and  10 closing Lower                
NKE : +1.58% ;  MMM : +0.87% ;  MRK : +0.73%            
                      
SP500 Leaders:                        
336 closing higher  and  166 closing Lower                
MTCH : +2.57% ;  AMD : +1.84% ;  WBD : +1.74%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   91                   
AMD, WBD, GILD, SIRI, WDAY, REGN, ANSS, KDP, AMGN, AEP, TMUS, PYPL, PDD, KHC, ROST, XEL, CSGP, BKNG, ADI, ROP, ADP, DXCM, ABNB, MSFT, CTSH, DLTR, VRTX, TTWO, CMCSA, TXN, ISRG, CSX, AAPL, CHTR, NVDA, MNST, META, CCEP, FTNT, QCOM, LULU, CSCO, HON, MDLZ, CDW, MRVL, PCAR, AMZN, PEP, SPLK, IDXX, AZN, ADSK, ON, GOOGL, GOOG, WBA, MAR, GEHC, INTU, ZS, DDOG, NFLX, ILMN, MDB, MCHP, AVGO, NXPI, CRWD, DASH, CDNS
                      
Stocks to watch on    Friday                   
                      
 Nasdaq100  xsing above30   = 1                  
  ADP                    
                      
 Nasdaq100  xsing below30  = 0                  
                      
                      
                      
MACD Crossover:                      
Up   5                   
REGN, SBUX, MSFT, VRSK, CPRT                    
                      
Down   8                   
BKNG, CSX, QCOM, AMZN, MAR, INTU, CDNS, ASML                   
                      

Tuesday, December 26, 2023

SETUPS for Tuesday 12/27

  

BF  : AAPL, AMZN, EBAY, BA, CRM, HD, MS, TLT, ABNB, BMY, MDT, MGM

HBO  : ADBE, MSFT, NVDA, PYPL, TSLA, ADI, TXN, COST, AMD, BIDU, CSCO, GOOGL, JD, NFLX, BAC, BBY, C, CAT, DIA, FAS, IBKR, JPM, MCD, MMM, SQ, TGT, V, XLE, ZION, IBM, KRE, STX, WYNN, X, XOP, META, ABBV, BSX, COP, CTRA, CVX, DAL, EQT, FCX, GILD, GM, GOOG, HAL, HPQ, JNJ, LVS, MDLZ, MRK, MRO

2T  : DVN     

MACD  :      

CHANNEL  : AKAM, NKE, NTAP, UNH, WMT, ROKU, CMCSA, DIS, KHC, KO, LUV

NH  : INTC, AMAT, MU, ADSK, CSX, IWM, QQQ, SPY, WDC, ABT, CVS, ENPH

BEAR  : TBT, MO    

EPS  :      

Another up day! All indices moved higher led by IWM +1.3%. All sectors closed higher led by Energy (XLE) and Real Estate (XLRE). Breath strengthened.

 SPY Market Forecast   93.37 Bullish pointing up in the upper zone                 
   0.71   PCALL - 10 day SMA (0.75 - 1.00)               
                      
SPY INTERMEDIATE TERM:  Uptrend- Price above 30 &10 Wk SMA                 
  6-months UP                   
  10-days UP                   
  3-days UP                   
                      
Indices                      
UP:     IWM +1.30% ; QQQ +0.61% ; DIA +0.41% ; SPY +0.42%          
Down:                         
                      
  TLT +0.29% at 98.76                 
  VIX -0.23% at 13                 
                      
                      
Sectors                      
  11 sectors closed higher led by  XLE +0.86%  and  XLRE +0.73%    Lower =  0         
  11           sectors closing above 30d. SMA  and 0   closing below.   
                      
XLE leaders     :    CNQ, PBR/A, PBR, SU                 
XLRE leaders     :    EXR, HST, BXP, O                 
XLI leaders     :    CAT, URI, MMM, FDX                 
                      
Uptrend  XLI, XLK, XLY, XLF, XLC                   
Sideways  XLE, XLRE, XLU, XLB, XLV                   
Downtrend  XLP                    
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led           2,079    to                   738  and  Nasdaq   Strengthened  as  Advancers led            3,032    to            1,346       
                      
                      
NDX Leaders:                        
87 closing higher  and  13 closing Lower                
INTC : +5.21% ;  GFS : +2.73% ;  AMD : +2.73%            
                      
DJIA Leaders:                        
21 closing higher  and  9 closing Lower                
INTC : +5.21% ;  CAT : +1.81% ;  MMM : +1.67%            
                      
SP500 Leaders:                        
417 closing higher  and  87 closing Lower                
INTC : +5.21% ;  APA : +3.70% ;  MPWR : +3.14%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   91                   
INTC, GFS, AMD, MRNA, DLTR, MDB, WBD, LRCX, BKR, TEAM, ON, FANG, TSLA, TXN, KLAC, MRVL, WBA, MNST, AMAT, QCOM, ASML, ZS, NXPI, MCHP, CTAS, HON, PYPL, DXCM, BIIB, ADSK, CDW, CSX, NVDA, NFLX, ADI, FTNT, AVGO, CRWD, BKNG, PANW, DDOG, ANSS, ODFL, GEHC, TMUS, PEP, MDLZ, ADP, KDP, MU, VRTX, SIRI, WDAY, PDD, ILMN, COST, AEP, CTSH, ROST, META, KHC, CSCO, MAR, GILD, IDXX, CCEP, ISRG, REGN, AZN, XEL, PCAR
                      
Stocks to watch on    Wednesday                   
                      
 Nasdaq100  xsing above30   = 0                  
                      
                      
 Nasdaq100  xsing below30  = 0                  
                      
                      
                      
MACD Crossover:                      
Up   3                   
AMD, HON, KDP                      
                      
Down   3                   
PYPL, TTD, CMCSA                      
                      

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)       ...