Saturday, February 04, 2023

SPY MFC in the upper zone pointing down - Defensive in a bullish sentiment. VIX at 18,33

 SPY Market Forecast   89.54 Defensive pointing down in the upper zone                 
   0.8   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 UP                   
                      
Indices                      
UP:                         
Down:     DIA -0.43% ; IWM -0.67% ; SPY -1.06% ; QQQ -1.78%          
                      
  TLT -1.50% at 106.7                 
  VIX -2.14% at 18.33                 
                      
                      
Sectors                      
  0 sectors closed higher led by  XLF -0.19%  and  XLE -0.22%    Lower =  11         
  7           sectors closing above 30d. SMA  and 4   closing below.   
                      
XLF leaders     :    AXP, SCHW, GL, RJF                 
XLE leaders     :    XOM, SLB, FANG, CVX                 
XLV leaders     :    ABMD, REGN, GILD                 
                      
Uptrend  XLF, XLI, XLK, XLB, XLC, XLRE, XLY                  
Sideways  XLE, XLV, XLP, XLU                   
Downtrend                      
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led              838    to               2,241  and  Nasdaq   Weakened   as  Decliners led            1,679    to            2,866       
                      
                      
NDX Leaders:                        
10 closing higher  and  92 closing Lower                
REGN : +4.25% ;  GILD : +3.82% ;  AAPL : +2.44%            
                      
DJIA Leaders:                        
14 closing higher  and  16 closing Lower                
AXP : +3.31% ;  AAPL : +2.44% ;  JPM : +1.55%            
                      
SP500 Leaders:                        
106 closing higher  and  394 closing Lower                
CLX : +9.77% ;  REGN : +4.25% ;  CHD : +3.87%            
                      
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   = 0                  
                      
                      
 Nasdaq100  xsing below30  = 6                  
  MDLZ, ISRG, ATVI, CEG, VRSK, SBUX                  
                      
                      
MACD Crossover:                      
Up   3                   
GILD, INTC, ADP                      
                      
Down   10                   
MNST, SGEN, TMUS, MU, VRSN, HON, EXC, MELI, VRSK, SBUX                  
                      

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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)       ...