Friday, January 20, 2023

SPY Market Forecast pointing down in the middle zone. All Sectors up. Next week big companies report earnings.

 Futures to Watch - Daily Setups                     
/ES[H23]   $3,988.00 ( -0.5 / -0.01% ) ; Setup:   HBO              
/CL[F23]   $81.69 ( 0.05 / +0.06% ) ; Setup:   HBO              
/NQ[H23]   $11,677.75 ( 0.75 / +0.01% ) ; Setup:   HBO              
/GC[G23]   $1,927.70 ( -0.5 / -0.03% ) ; Setup:   BF              
                       
                       
                       
SPY Market Forecast   55.11 Bearish pointing down in the middle zone                  
   0.94   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 +2.74% ; SPY +1.86% ; IWM +1.65% ; DIA +1.01%           
Down:                          
                       
  TLT -1.62% at 106.2                  
  VIX -3.27% at 19.85                  
                       
SPY   : Up    above 30ds SMA - above 10ds SMA              
QQQ   : Up    above 30ds SMA - above 10ds SMA              
DIA   : Down    below 30ds SMA - below 10ds SMA              
IWM   : Up    above 30ds SMA - above 10ds SMA              
                       
                       
Sectors                       
  11 sectors closed higher led by  XLC +3.13%  and  XLK +2.71%    Lower =  0          
  7            closing above 30d. SMA  and 4   closing below.    
                       
XLC leaders     :    VIAC, DISCK, DISCA, FB                 
XLK leaders     :    XLNX, CTXS, NLOK                  
XLY leaders     :    KMX, TSLA, NCLH, CZR                 
                       
Uptrend  XLB, XLF, XLI, XLRE, XLE, XLU                    
Sideways  XLC, XLK, XLY, XLP, XLV                    
Downtrend                       
                       
                       
Breath:                       
NYSE Strengthened  as  Advancers led           2,496    to                   637  and  Nasdaq   Strengthened  as  Advancers led            3,336    to            1,273        
                       
                       
NDX Leaders:                         
94 closing higher  and  8 closing Lower                 
NFLX : +8.46% ;  NVDA : +6.41% ;  ZS : +6.12%             
                       
DJIA Leaders:                         
26 closing higher  and  4 closing Lower                 
DIS : +4.44% ;  MSFT : +3.57% ;  CRM : +3.31%             
                       
SP500 Leaders:                         
461 closing higher  and  42 closing Lower                 
SIVB : +16.56% ;  SYF : +8.69% ;  NFLX : +8.46%             
                       
NASDAQ 100                       
                       
Nasdaq Above 30MA    =   71                    
NFLX, NVDA, ZS, TEAM, BIDU, GOOG, MTCH, GOOGL, INTU, ADSK, LCID, FAST, DOCU, QCOM, LRCX, ILMN, ADBE, ZM, PANW, AMZN, MU, CDNS, MAR, MSFT, WDAY, SPLK, DLTR, AMD, SNPS, AMAT, ANSS, CMCSA, CPRT, SWKS, CHTR, PYPL, ASML, KLAC, PDD, IDXX, ALGN, INTC, MCHP, EBAY, META, MELI, MRVL, COST, CTSH, ABNB, NXPI, PAYX, ODFL, BIIB, AAPL, MRNA, VRSK, EA, FISV, JD, VRSN, OKTA, CSX, AVGO, BKNG, TXN, SBUX, VRTX, TMUS, NTES, SGEN
                       
Stocks to watch on    Monday                    
                       
 Nasdaq100  xsing above30   = 20                   
  ZS, INTU, FAST, DOCU, ILMN, ZM, PANW, MSFT, WDAY, DLTR, CPRT, MCHP, MRVL, COST, PAYX, BIIB, VRSK, JD, CSX, TXN           
                       
 Nasdaq100  xsing below30  = 1                   
  AZN                     
                       
                       
MACD Crossover:                       
Up   4                    
INTU, FAST, CEG, WBA                       
                       
Down   2                    
INTC, SIRI                       

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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)       ...