Wednesday, February 08, 2023

 SPY Market Forecast   87.57 Defensive pointing down in the upper zone               
   0.79   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:                       
Down:     DIA -0.61% ; SPY -1.09% ; IWM -1.46% ; QQQ -1.78%        
                    
  TLT +0.48% at 105.56               
  VIX +5.20% at 19.63               
                    
                    
Sectors                    
  0 sectors closed higher led by  XLRE -0.27%  and  XLV -0.29%    Lower =  11       
  7           sectors closing above 30d. SMA  and 4   closing below.
                    
XLRE leaders     :    ESS, UDR, AVB, EQR               
XLV leaders     :    ABMD, CVS, HUM               
XLI leaders     :    ETN, TDG, CARR, TT               
                    
Uptrend  XLRE, XLI, XLF, XLB, XLY, XLK, XLC                
Sideways  XLV, XLP, XLE, XLU                 
Downtrend                    
                    
                    
Breath:                    
NYSE Weakened  as  Decliners led           1,006    to               2,042  and  Nasdaq   Weakened   as  Decliners led            1,360    to            3,144     
                    
                    
NDX Leaders:                      
14 closing higher  and  87 closing Lower              
FTNT : +10.90% ;  PANW : +4.03% ;  DDOG : +2.91%          
                    
DJIA Leaders:                      
7 closing higher  and  23 closing Lower              
UNH : +1.33% ;  MRK : +0.91% ;  GS : +0.19%          
                    
SP500 Leaders:                      
105 closing higher  and  397 closing Lower              
FTNT : +10.90% ;  CME : +5.42% ;  FOX : +4.43%          
                    
NASDAQ 100                    
                    
Nasdaq Above 30MA    =   71                 
FTNT, PANW, DDOG, TSLA, NFLX, FISV, DXCM, CHTR, NVDA, DLTR, ODFL, NTES, CRWD, CPRT, MSFT, ZS, LCID, SGEN, MNST, GILD, SPLK, SBUX, MELI, MAR, ADSK, CSX, INTU, AMD, ADBE, FAST, CDNS, WDAY, VRSN, SNPS, OKTA, ANSS, AAPL, ADI, MTCH, CTSH, CEG, DOCU, MCHP, EBAY, AMZN, IDXX, BIIB, AVGO, CMCSA, ASML, COST, BKNG, REGN, SWKS, NXPI, ABNB, LRCX, KLAC, ALGN, MU, TEAM, QCOM, MRVL, AMAT, TXN, PYPL, META, BIDU, ZM, GOOG, GOOGL
                    
Stocks to watch on    Thursday                 
                    
 Nasdaq100  xsing above30   = 0                
                    
                    
 Nasdaq100  xsing below30  = 7                
  PDD, PAYX, INTC, LULU, VRTX, ILMN, PCAR               
                    
                    
MACD Crossover:                    
Up   0                 
                    
                    
Down   9                 
LCID, INTU, SNPS, COST, PAYX, AMAT, TXN, PYPL, GOOG                 
                    
                    

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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)       ...