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                  
                      

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