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                   
                      
                      
                      

No comments:

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)       ...