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             
                      

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