Sunday, March 05, 2023

 SPY Market Forecast   35.05 Bullish pointing up in the lower zone                 
   0.9   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:     QQQ +2.07% ; SPY +1.60% ; IWM +1.39% ; DIA +1.14%          
Down:                         
                      
  TLT +2.42% at 101.89                 
  VIX -5.62% at 18.49                 
                      
                      
Sectors                      
  11 sectors closed higher led by  XLC +2.18%  and  XLY +2.15%    Lower =  0         
  3           sectors closing above 30d. SMA  and 8   closing below.   
                      
XLC leaders     :    META, DISH, DIS, ATVI                
XLY leaders     :    NCLH, F, CZR, GM                 
XLK leaders     :    AVGO, AAPL, TRMB                 
                      
Uptrend                      
Sideways  XLC, XLY, XLK, XLU, XLRE, XLF, XLB, XLE, XLV, XLI, XLP                
Downtrend                      
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led           2,479    to                   588  and  Nasdaq   Strengthened  as  Advancers led            3,235    to            1,345       
                      
                      
NDX Leaders:                        
88 closing higher  and  14 closing Lower                
ILMN : +7.11% ;  TEAM : +6.87% ;  ALGN : +6.82%            
                      
DJIA Leaders:                        
25 closing higher  and  5 closing Lower                
AAPL : +3.51% ;  BA : +2.40% ;  GS : +2.29%            
                      
SP500 Leaders:                        
444 closing higher  and  56 closing Lower                
COO : +7.30% ;  ILMN : +7.11% ;  ALGN : +6.82%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   47                   
ILMN, TEAM, ALGN, DOCU, META, OKTA, AVGO, TSLA, AAPL, VRSK, ABNB, IDXX, NVDA, ATVI, BIDU, FTNT, CDNS, CRWD, MCHP, PCAR, WDAY, SWKS, DLTR, MSFT, LULU, BKNG, CSCO, CTAS, FAST, SGEN, DXCM, REGN, AMD, MAR, SNPS, FISV, ANSS, PANW, ADI, MELI, MDLZ, CPRT, AMAT, ODFL, PDD, PEP, ORLY
                      
Stocks to watch on    Monday                   
                      
 Nasdaq100  xsing above30   = 12                  
  ILMN, TEAM, DOCU, AAPL, IDXX, SWKS, DLTR, MSFT, LULU, CTAS, MAR, MDLZ              
                      
 Nasdaq100  xsing below30  = 4                  
  CSX, SPLK, MRVL, ZS                   
                      
                      
MACD Crossover:                      
Up   15                   
ILMN, DOCU, PYPL, ISRG, ATVI, PCAR, GOOG, GOOGL, CTAS, FAST, HON, INTC, PAYX, CPRT, NTES               
                      
Down   0                   
                      
                      

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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)       ...