Friday, March 31, 2023

 SPY Market Forecast   61.55 Bullish pointing up 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 UP                   
  10-days UP                   
  3-days UP                   
                      
Indices                      
UP:     IWM +1.84% ; QQQ +1.66% ; SPY +1.41% ; DIA +1.26%          
Down:                         
                      
  TLT +1.50% at 106.37                 
  VIX -1.68% at 18.7                 
                      
                      
Sectors                      
  11 sectors closed higher led by  XLY +2.67%  and  XLRE +2.19%    Lower =  0         
  10           sectors closing above 30d. SMA  and 1   closing below.   
                      
XLY leaders     :    TSLA, KMX, CZR, MHK                 
XLRE leaders     :    PK, DLR, HST, SPG                 
XLC leaders     :    DISH, LUMN, GOOGL, PARA                
                      
Uptrend                      
Sideways  XLY, XLRE, XLC, XLB, XLK, XLI, XLF, XLV, XLP, XLU, XLE                
Downtrend                      
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led           2,503    to                   508  and  Nasdaq   Strengthened  as  Advancers led            3,239    to            1,302       
                      
                      
NDX Leaders:                        
92 closing higher  and  10 closing Lower                
ALGN : +7.15% ;  DDOG : +6.99% ;  TEAM : +6.59%            
                      
DJIA Leaders:                        
29 closing higher  and  1 closing Lower                
HD : +3.42% ;  MMM : +2.27% ;  NKE : +2.11%            
                      
SP500 Leaders:                        
470 closing higher  and  31 closing Lower                
ALGN : +7.15% ;  TSLA : +6.24% ;  NOW : +5.71%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   91                   
ALGN, DDOG, TEAM, TSLA, CRWD, MRNA, MELI, ADSK, WDAY, ILMN, PANW, MNST, GOOGL, SBUX, SNPS, NXPI, GOOG, VRSN, ZM, CHTR, CPRT, OKTA, CEG, ODFL, FAST, PYPL, NFLX, ANSS, CMCSA, META, DLTR, CTSH, GILD, INTC, ABNB, LULU, ISRG, CSCO, BKNG, AAPL, DXCM, ADI, MSFT, CSX, CDNS, NVDA, ADP, PCAR, IDXX, INTU, AMZN, REGN, AVGO, MCHP, EA, COST, EXC, BIIB, EBAY, FTNT, TXN, VRTX, PAYX, ADBE, ORLY, ATVI, PEP, KLAC, XEL, AEP, ASML
                      
Stocks to watch on    Monday                   
                      
 Nasdaq100  xsing above30   = 15                  
  ALGN, DDOG, TEAM, MRNA, ADSK, SBUX, CHTR, CEG, ODFL, MAR, DLTR, CTSH, CSX, PCAR, EBAY            
                      
 Nasdaq100  xsing below30  = 0                  
                      
                      
                      
MACD Crossover:                      
Up   6                   
ALGN, ILMN, PANW, SNPS, META, AMAT                   
                      
Down   0                   
                      
                      
                      

Friday, March 10, 2023

 SPY Market Forecast   22.07 Bearish pointing down in the middle zone                 
   1.03   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:                         
Down:     DIA -1.04% ; QQQ -1.40% ; SPY -1.44% ; IWM -2.88%          
                      
  TLT +3.45% at 105.59                 
  VIX +9.69% at 24.8                 
                      
                      
Sectors                      
  0 sectors closed higher led by  XLP -0.49%  and  XLV -0.74%    Lower =  11         
  0           sectors closing above 30d. SMA  and 11   closing below.   
                      
XLP leaders     :    CLX, PG, KHC, CPB                 
XLV leaders     :    ABMD, ABBV, CI                 
XLY leaders     :    DLTR, TSLA, ULTA, TSCO                
                      
Uptrend                      
Sideways  XLP, XLV, XLY, XLE, XLC, XLU, XLK, XLF, XLI, XLB, XLRE                
Downtrend                      
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led              441    to               2,634  and  Nasdaq   Weakened   as  Decliners led                825    to            3,675       
                      
                      
NDX Leaders:                        
17 closing higher  and  85 closing Lower                
INTC : +2.95% ;  NTES : +1.74% ;  AMGN : +0.92%            
                      
DJIA Leaders:                        
11 closing higher  and  19 closing Lower                
INTC : +2.95% ;  JPM : +2.54% ;  TRV : +1.01%            
                      
SP500 Leaders:                        
39 closing higher  and  463 closing Lower                
INTC : +2.95% ;  JPM : +2.54% ;  ABBV : +1.60%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   13                   
PANW, CDNS, ATVI, SGEN, META, AVGO, ANSS, CRWD, AMD, VRSK, FTNT, NVDA, OKTA                
                      
Stocks to watch on    Monday                   
                      
 Nasdaq100  xsing above30   = 0                  
                      
                      
 Nasdaq100  xsing below30  = 12                  
  CSCO, ADI, BKNG, AAPL, CPRT, MCHP, AMAT, PCAR, ALGN, MELI, FISV, DOCU              
                      
                      
MACD Crossover:                      
Up   0                   
                      
                      
Down   19                   
PDD, META, CTAS, AAPL, XEL, MNST, AMAT, LRCX, ADP, VRSN, PCAR, MELI, KLAC, PAYX, JD, INTU, ILMN, TEAM, DOCU             
                      

Thursday, March 09, 2023

 SPY Market Forecast   32.04 Bearish pointing down in the middle zone                 
   1   PCALL - 10 day SMA (0.75 - 1.00)               
                      
SPY INTERMEDIATE TERM:  Uptrend- Price above 30 &10 Wk SMA                 
  6-months SIDEWAYS                   
  10-days SIDEWAYS                   
  3-days DOWN                   
                      
Indices                      
UP:                         
Down:     DIA -1.65% ; QQQ -1.73% ; SPY -1.84% ; IWM -2.78%          
                      
  TLT +0.25% at 102.07                 
  VIX +18.32% at 22.61                 
                      
                      
Sectors                      
  0 sectors closed higher led by  XLU -0.80%  and  XLP -0.93%    Lower =  11         
  0           sectors closing above 30d. SMA  and 11   closing below.   
                      
XLU leaders     :    CEG, EVRG, XEL, SO                 
XLP leaders     :    KMB, CHD, MO, HSY                 
XLV leaders     :    ABMD, LLY, BIO                 
                      
Uptrend                      
Sideways  XLU, XLP, XLV, XLE, XLK, XLI, XLC, XLRE, XLY, XLB, XLF                
Downtrend                      
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led              430    to               2,675  and  Nasdaq   Weakened   as  Decliners led                919    to            3,600       
                      
                      
NDX Leaders:                        
4 closing higher  and  98 closing Lower                
INTC : +1.77% ;  CEG : +0.73% ;  VRTX : +0.60%            
                      
DJIA Leaders:                        
1 closing higher  and  29 closing Lower                
INTC : +1.77% ;  MSFT : -0.54% ;  CSCO : -0.61%            
                      
SP500 Leaders:                        
26 closing higher  and  477 closing Lower                
GE : +5.27% ;  PSX : +1.84% ;  INTC : +1.77%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   25                   
CSCO, ANSS, VRSK, AMAT, ATVI, FISV, CDNS, MCHP, AAPL, AVGO, SGEN, AMD, ADI, META, DOCU, PANW, PCAR, CPRT, OKTA, FTNT, BKNG, NVDA, ALGN, MELI, CRWD        
                      
Stocks to watch on    Friday                   
                      
 Nasdaq100  xsing above30   = 0                  
                      
                      
 Nasdaq100  xsing below30  = 12                  
  DXCM, ORLY, MNST, SWKS, TXN, FAST, SNPS, ODFL, INTU, MAR, ABNB, TEAM              
                      
                      
MACD Crossover:                      
Up   3                   
VRTX, XEL, LRCX                      
                      
Down   11                   
ANSS, AMGN, EXC, FAST, AMZN, IDXX, SBUX, BKNG, ALGN, MAR, CRWD                  
                      

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)       ...