Friday, February 10, 2023

 SPY Market Forecast   80.74 Defensive pointing down in the upper zone                 
   0.82   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 DOWN                   
                      
Indices                      
UP:     DIA +0.49% ; SPY +0.23% ; IWM +0.20% ;            
Down:              QQQ -0.66%          
                      
  TLT -1.12% at 103.39                 
  VIX -0.87% at 20.53                 
                      
                      
Sectors                      
  8 sectors closed higher led by  XLE +3.92%  and  XLU +1.99%    Lower =  3         
  7           sectors closing above 30d. SMA  and 4   closing below.   
                      
XLE leaders     :    MRO, VLO, APA, FANG                
XLU leaders     :    D, SRE, CEG, PNW                 
XLV leaders     :    ABMD, DXCM, MRNA                 
                      
Uptrend  XLI, XLB, XLF, XLRE, XLK, XLC, XLY                  
Sideways  XLE, XLU, XLV, XLP                   
Downtrend                      
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led           1,606    to               1,458  and  Nasdaq   Weakened   as  Advancers led            1,947    to            2,589       
                      
                      
NDX Leaders:                        
41 closing higher  and  61 closing Lower                
DXCM : +9.93% ;  FTNT : +3.10% ;  PYPL : +3.03%            
                      
DJIA Leaders:                        
24 closing higher  and  5 closing Lower                
CVX : +2.10% ;  WBA : +2.07% ;  UNH : +1.75%            
                      
SP500 Leaders:                        
317 closing higher  and  185 closing Lower                
DXCM : +9.93% ;  MRO : +6.20% ;  VLO : +6.12%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   67                   
DXCM, FTNT, PYPL, CEG, AZN, PEP, REGN, GILD, CTAS, ORLY, SBUX, CHTR, TEAM, TXN, CTSH, AAPL, ADI, MNST, FAST, SGEN, COST, MSFT, IDXX, BIIB, PANW, MU, EBAY, AMZN, FISV, ADSK, OKTA, AVGO, SWKS, AMAT, ASML, QCOM, MRVL, SNPS, ADBE, CDNS, INTU, WDAY, ANSS, ODFL, ALGN, NXPI, CPRT, MAR, LRCX, AMD, META, MCHP, LCID, SPLK, NTES, ZM, MELI, DDOG, BKNG, ZS, CRWD, NFLX, NVDA, DOCU, TSLA, ABNB, BIDU
                      
Stocks to watch on    Monday                   
                      
 Nasdaq100  xsing above30   = 6                  
  DXCM, PYPL, AZN, PEP, KDP, CTAS                  
                      
 Nasdaq100  xsing below30  = 2                  
  GOOGL, DLTR                   
                      
                      
MACD Crossover:                      
Up   0                   
                      
                      
Down   14                   
ISRG, AAPL, FAST, LULU, ADSK, OKTA, ODFL, ALGN, CPRT, AMD, ZM, NVDA, DOCU, BIDU                
                      

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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)       ...