Monday, February 06, 2023

 SPY Market Forecast   90.18 Bullish pointing up 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:                      
Down:     DIA -0.15% ; SPY -0.61% ; QQQ -0.85% ; IWM -1.45%       
                   
  TLT -0.74% at 105.91              
  VIX +6.00% at 19.43              
                   
                   
Sectors                   
  2 sectors closed higher led by  XLU +0.85%  and  XLP +0.12%    Lower =  9      
  7           sectors closing above 30d. SMA  and 4   closing below.
                   
XLU leaders     :    D, FE, EIX, DUK              
XLP leaders     :    CPB, GIS, K, HSY              
XLF leaders     :    ALL, L, WRB, AIG              
                   
Uptrend  XLF, XLY, XLI, XLRE, XLB, XLC, XLK               
Sideways  XLU, XLP, XLE, XLV                
Downtrend                   
                   
                   
Breath:                   
NYSE Weakened  as  Decliners led              773    to               2,326  and  Nasdaq   Weakened   as  Decliners led            1,537    to            3,028    
                   
                   
NDX Leaders:                     
27 closing higher  and  75 closing Lower             
LCID : +2.93% ;  TSLA : +2.52% ;  GILD : +2.20%         
                   
DJIA Leaders:                     
12 closing higher  and  18 closing Lower             
TRV : +1.77% ;  CAT : +1.48% ;  MCD : +1.40%         
                   
SP500 Leaders:                     
154 closing higher  and  348 closing Lower             
CTLT : +19.54% ;  EXR : +2.98% ;  ALL : +2.78%         
                   
NASDAQ 100                   
                   
Nasdaq Above 30MA    =   75                
LCID, TSLA, GILD, TEAM, BIIB, VRTX, MNST, DLTR, SBUX, IDXX, AVGO, BKNG, MDLZ, PCAR, COST, CDNS, NVDA, BIDU, ALGN, FISV, META, REGN, ABNB, ODFL, SNPS, CHTR, MSFT, KLAC, CSX, TXN, ADI, SPLK, CPRT, MELI, ANSS, MCHP, ADBE, WDAY, CMCSA, AMZN, NFLX, MAR, EBAY, ZS, SGEN, OKTA, QCOM, LRCX, GOOG, NTES, AAPL, GOOGL, FAST, VRSN, NXPI, FTNT, AMAT, PDD, CTSH, MTCH, INTU, PANW, ADSK, ILMN, ASML, AMD, SWKS, ZM, DDOG, MRVL, DOCU
                   
Stocks to watch on    Tuesday                
                   
 Nasdaq100  xsing above30   = 3               
  GILD, SBUX, MDLZ                
                   
 Nasdaq100  xsing below30  = 5               
  PAYX, CSCO, WBA, TMUS, LULU               
                   
                   
MACD Crossover:                   
Up   0                
                   
                   
Down   10                
CDNS, FISV, ADP, MAR, QCOM, CSCO, ILMN, SWKS, ATVI, INTC               
                   
                   

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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)       ...