Tuesday, January 17, 2023

QQQ up and IWM, SPY & DIA down. SPY Market Forecast short term bullish.

 Futures to Watch - Daily Setups                    
/ES[H23]   $4,009.00 ( -9.25 / -0.23% ) ; Setup:   BF             
/CL[F23]   $81.31 ( 1.2 / +1.50% ) ; Setup:   HBO             
/NQ[H23]   $11,623.25 ( 15.25 / +0.13% ) ; Setup:   2T             
/GC[G23]   $1,911.20 ( -10.5 / -0.55% ) ; Setup:   BF             
                      
                      
                      
SPY Market Forecast   59.05 Bullish pointing up in the middle zone                 
   0.96   PCALL - 10 day SMA (0.75 - 1.00)               
                      
SPY INTERMEDIATE TERM:  Uptrend- Price above 30 &10 Wk SMA                 
  6-months SIDEWAYS                   
  10-days UP                   
  3-days SIDEWAYS                   
                      
Indices                      
UP:     QQQ +0.20% ;                  
Down:        IWM -0.12% ; SPY -0.18% ; DIA -1.13%          
                      
  TLT -0.65% at 106.06                 
  VIX +5.50% at 19.36                 
                      
SPY   : Up    above 30ds SMA - above 10ds SMA             
QQQ   : Up    above 30ds SMA - above 10ds SMA             
DIA   : Up    above 30ds SMA - above 10ds SMA             
IWM   : Up    above 30ds SMA - above 10ds SMA             
                      
                      
Sectors                      
  5 sectors closed higher led by  XLK +0.45%  and  XLE +0.21%    Lower =  6         
  9            closing above 30d. SMA  and 2   closing below.   
                      
XLK leaders     :    XLNX, CTXS, NLOK                 
XLE leaders     :    CVX, VLO, CTRA, EOG                 
XLY leaders     :    TSLA, KMX, UAA, CCL                 
                      
Uptrend  XLE, XLRE, XLU, XLF, XLI, XLB                   
Sideways  XLK, XLY, XLP, XLV, XLC                   
Downtrend                      
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led           1,686    to               1,420  and  Nasdaq   Strengthened  as  Advancers led            2,384    to            2,260       
                      
                      
NDX Leaders:                        
49 closing higher  and  52 closing Lower                
TSLA : +7.43% ;  ZS : +5.79% ;  CRWD : +4.92%            
                      
DJIA Leaders:                        
6 closing higher  and  24 closing Lower                
MCD : +1.94% ;  CVX : +1.65% ;  AAPL : +0.88%            
                      
SP500 Leaders:                        
192 closing higher  and  306 closing Lower                
TSLA : +7.43% ;  MS : +5.91% ;  NVDA : +4.75%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   75                   
ZS, NVDA, DDOG, VRTX, TEAM, ILMN, ALGN, MTCH, DOCU, CDNS, OKTA, BKNG, FISV, SNPS, EBAY, SPLK, SWKS, ABNB, MRVL, PYPL, AAPL, AMD, NTES, CSX, ZM, BIIB, CPRT, SIRI, DLTR, COST, VRSN, IDXX, MNST, ADSK, AVGO, QCOM, CMCSA, ADBE, CHTR, XEL, MU, ROST, KHC, ASML, ODFL, SBUX, AZN, MAR, EXC, AMAT, ANSS, LRCX, MCHP, MRNA, GOOG, NXPI, GOOGL, KLAC, PCAR, META, MELI, ADI, LCID, VRSK, PAYX, INTC, SGEN, CTSH, TMUS, NFLX, TXN
                      
Stocks to watch on    Wednesday                   
                      
 Nasdaq100  xsing above30   = 6                  
  ZS, DDOG, ILMN, AAPL, ZM, SIRI                  
                      
 Nasdaq100  xsing below30  = 6                  
  AMGN, FAST, EA, CSCO, HON, ATVI                  
                      
                      
MACD Crossover:                      
Up   2                   
MNST, WDAY                      
                      
Down   4                   
XEL, ROST, GILD, JD                      
                      
                      
 

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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)       ...