Tuesday, February 28, 2023

Breath weakened. Market Forecast Intermediate line is bearish. Only 33 stocks in Nasdaq closed above 30ds SMA.

 SPY Market Forecast   35.05 Bearish pointing down in the middle zone                 
   0.9   PCALL - 10 day SMA (0.75 - 1.00)               
                      
SPY INTERMEDIATE TERM:  Uptrend- Price above 30 &10 Wk SMA                 
  6-months SIDEWAYS                   
  10-days DOWN                   
  3-days DOWN                   
                      
Indices                      
UP:     IWM +0.01% ;                  
Down:        QQQ -0.13% ; SPY -0.37% ; DIA -0.76%          
                      
  TLT +0.45% at 101.71                 
  VIX -1.19% at 20.7                 
                      
                      
Sectors                      
  4 sectors closed higher led by  XLB +0.45%  and  XLF +0.20%    Lower =  7         
  0           sectors closing above 30d. SMA  and 11   closing below.   
                      
XLB leaders     :    FCX, NUE, LIN, CF                 
XLF leaders     :    AJG, PGR, LNC, ACGL                 
XLC leaders     :    META, LYV, GOOG, GOOGL                
                      
Uptrend                      
Sideways  XLB, XLF, XLC, XLRE, XLY, XLK, XLI, XLV, XLP, XLE, XLU                
Downtrend                      
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led           1,452    to               1,565  and  Nasdaq   Strengthened  as  Decliners led            2,248    to            2,223       
                      
                      
NDX Leaders:                        
46 closing higher  and  56 closing Lower                
LCID : +4.22% ;  AMAT : +3.64% ;  META : +3.19%            
                      
DJIA Leaders:                        
11 closing higher  and  19 closing Lower                
JPM : +0.84% ;  BA : +0.54% ;  WMT : +0.49%            
                      
SP500 Leaders:                        
201 closing higher  and  299 closing Lower                
XRAY : +10.19% ;  ASTC : +5.63% ;  EW : +4.01%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   33                   
AMAT, META, MELI, ANSS, DOCU, MRVL, ALGN, AVGO, SGEN, CPRT, SPLK, MCHP, DXCM, REGN, FISV, WDAY, ADI, BKNG, SNPS, CRWD, FAST, PANW, CDNS, ABNB, FTNT, AAPL, ZS, CSCO, ATVI, TSLA, NVDA, PEP, ORLY   
                      
Stocks to watch on    Wednesday                   
                      
 Nasdaq100  xsing above30   = 3                  
  AMAT, DOCU, AVGO                   
                      
 Nasdaq100  xsing below30  = 5                  
  AMD, MDLZ, ODFL, INTU, KDP                  
                      
                      
MACD Crossover:                      
Up   2                   
REGN, BKNG                      
                      
Down   5                   
ATVI, PEP, KHC, KDP, AEP                     
                      

Monday, February 27, 2023

All indices closed up. SPY MFC Market Forecast closed lower. All sectors below 30ds SMA. Breath strengthen for NYSE and Nasdaq.

 SPY Market Forecast   39.37 Bearish pointing down in the middle zone                 
   0.91   PCALL - 10 day SMA (0.75 - 1.00)               
                      
SPY INTERMEDIATE TERM:  Uptrend- Price above 30 &10 Wk SMA                 
  6-months SIDEWAYS                   
  10-days DOWN                   
  3-days DOWN                   
                      
Indices                      
UP:     QQQ +0.72% ; IWM +0.35% ; SPY +0.34% ; DIA +0.29%          
Down:                         
                      
  TLT +0.28% at 101.25                 
  VIX -3.32% at 20.95                 
                      
                      
Sectors                      
  7 sectors closed higher led by  XLY +1.24%  and  XLI +0.89%    Lower =  4         
  0           sectors closing above 30d. SMA  and 11   closing below.   
                      
XLY leaders     :    TSLA, BKNG, RCL, EXPE                
XLI leaders     :    UNP, URI, GWW, CAT                 
XLK leaders     :    ENPH, SEDG, EPAM                 
                      
Uptrend                      
Sideways  XLY, XLI, XLK, XLB, XLC, XLE, XLRE, XLF, XLP, XLV, XLU                
Downtrend                      
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led           1,839    to               1,240  and  Nasdaq   Strengthened  as  Advancers led            2,650    to            1,887       
                      
                      
NDX Leaders:                        
72 closing higher  and  30 closing Lower                
SGEN : +10.40% ;  TSLA : +5.46% ;  BIDU : +5.17%            
                      
DJIA Leaders:                        
17 closing higher  and  12 closing Lower                
CAT : +1.61% ;  BA : +1.17% ;  JPM : +0.87%            
                      
SP500 Leaders:                        
260 closing higher  and  241 closing Lower                
UNP : +10.09% ;  ENPH : +5.94% ;  SEDG : +5.89%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   35                   
SGEN, TSLA, CRWD, BKNG, MELI, ORLY, ANSS, FTNT, MCHP, CPRT, MRVL, PANW, WDAY, NVDA, AMD, ODFL, AAPL, ZS, FAST, ABNB, CSCO, DXCM, SNPS, FISV, MDLZ, ADI, REGN, PEP, ATVI, SPLK, CDNS, META, ALGN, KDP, INTU   
                      
Stocks to watch on    Tuesday                   
                      
 Nasdaq100  xsing above30   = 4                  
  MCHP, AMD, ODFL, MDLZ                   
                      
 Nasdaq100  xsing below30  = 2                  
  PCAR, SWKS                   
                      
                      
MACD Crossover:                      
Up   4                   
CRWD, MELI, SIRI, NVDA                     
                      
Down   0                   
                      
                      

Friday, February 24, 2023

 SPY Market Forecast   47.04 Defensive pointing down in the middle zone               
   0.91   PCALL - 10 day SMA (0.75 - 1.00)               
                      
SPY INTERMEDIATE TERM:  Uptrend- Price above 30 &10 Wk SMA                 
  6-months SIDEWAYS                   
  10-days DOWN                   
  3-days DOWN                   
                      
Indices                      
UP:                         
Down:     IWM -0.94% ; SPY -1.07% ; DIA -1.07% ; QQQ -1.67%          
                      
  TLT -1.30% at 100.97                 
  VIX +2.51% at 21.67                 
                      
                      
Sectors                      
  3 sectors closed higher led by  XLB +0.67%  and  XLF +0.08%    Lower =  8         
  0           sectors closing above 30d. SMA  and 11   closing below.   
                      
XLB leaders     :    LIN, CE, LYB, PPG                 
XLF leaders     :    SCHW, ZION, MET, RE                 
XLU leaders     :    EIX, PCG, PEG, FE                 
                      
Uptrend                      
Sideways  XLB, XLF, XLU, XLE, XLI, XLP, XLV, XLC, XLY, XLK, XLRE                
Downtrend                      
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led              878    to               2,169  and  Nasdaq   Weakened   as  Decliners led            1,137    to            3,389       
                      
                      
NDX Leaders:                        
7 closing higher  and  94 closing Lower                
INTU : +1.93% ;  DLTR : +1.87% ;  MELI : +1.81%            
                      
DJIA Leaders:                        
6 closing higher  and  24 closing Lower                
DOW : +1.05% ;  JPM : +0.90% ;  VZ : +0.55%            
                      
SP500 Leaders:                        
110 closing higher  and  391 closing Lower                
EQT : +6.89% ;  LIN : +4.75% ;  EIX : +4.21%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   33                   
BKNG, MELI, INTU, ALGN, CRWD, FAST, ATVI, KDP, PEP, CPRT, CSCO, SGEN, SWKS, PCAR, MRVL, META, FTNT, DXCM, SPLK, FISV, PANW, ZS, REGN, AAPL, ADI, ABNB, CDNS, SNPS, ANSS, NVDA, WDAY, TSLA, ORLY    
                      
Stocks to watch on    Monday                   
                      
 Nasdaq100  xsing above30   = 0                  
                      
                      
 Nasdaq100  xsing below30  = 14                  
  MDLZ, ZM, OKTA, MNST, MCHP, MAR, AMD, DDOG, DOCU, MSFT, ODFL, TEAM, LULU, ADSK             
                      
                      
MACD Crossover:                      
Up   0                   
                      
                      
Down   3                   
AZN, ORLY, LULU                      
                      

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)       ...