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                   
                      
                      

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