Friday, April 28, 2023

 SPY Market Forecast   83.57 Bullish pointing up in the upper zone                 
   0.92   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 +0.88% ; SPY +0.85% ; DIA +0.84% ; QQQ +0.69%          
Down:                         
                      
  TLT +1.61% at 106.46                 
  VIX -7.34% at 15.78                 
                     
                     
Sectors                      
  10 sectors closed higher led by  XLE +1.55%  and  XLF +1.19%    Lower =  1         
  11           sectors closing above 30d. SMA  and 0   closing below.   
                     
XLE leaders     :    EQT, APA, EOG, FANG                 
XLF leaders     :    SIVB, USB, CMA, ZION                
XLB leaders     :    EMN, LYB, CE, AVY                 
                     
Uptrend  XLK, XLC, XLV, XLP                   
Sideways  XLE, XLF, XLB, XLRE, XLI, XLY, XLU                  
Downtrend                      
                     
                     
Breath:                      
NYSE Strengthened  as  Advancers led           2,201    to                   798  and  Nasdaq   Strengthened  as  Advancers led            2,890    to            1,543       
                     
                     
NDX Leaders:                        
77 closing higher  and  25 closing Lower                
CHTR : +7.57% ;  MTCH : +5.46% ;  INTC : +4.02%            
                     
DJIA Leaders:                        
26 closing higher  and  4 closing Lower                
INTC : +4.02% ;  DIS : +2.57% ;  HD : +2.25%            
                     
SP500 Leaders:                        
416 closing higher  and  86 closing Lower                
SIVB : N/A ;  CHTR : +7.57% ;  LUMN : +7.24%            
                     
NASDAQ 100                      
                     
Nasdaq Above 30MA    =   58                   
CHTR, MTCH, INTC, MU, MDLZ, ABNB, BIIB, INTU, CMCSA, MELI, MAR, PYPL, VRSN, FISV, NVDA, EBAY, PAYX, ISRG, ADP, BKNG, CPRT, ADBE, IDXX, PCAR, SBUX, MNST, NFLX, ROST, CTAS, VRSK, LRCX, CEG, CSX, MSFT, AAPL, META, NTES, PEP, HON, EA, KLAC, LULU, WBA, VRTX, COST, DLTR, ORLY, GOOG, FAST, GOOGL, AEP, XEL, AZN, EXC, KHC, DXCM, LCID, AMZN
                     
Stocks to watch on    Monday                   
                     
 Nasdaq100  xsing above30   = 11                  
  CHTR, MTCH, INTC, ABNB, INTU, MELI, PYPL, PAYX, ADBE, NFLX, NTES               
                     
 Nasdaq100  xsing below30  = 3                  
  GILD, TMUS, DDOG                   
                     
                     
MACD Crossover:                      
Up   12                   
CHTR, MU, ABNB, BIIB, JD, PYPL, ADP, IDXX, AMAT, AAPL, HON, VRTX                  
                     
Down                    
                     
 

Monday, April 24, 2023

 SPY Market Forecast   92.27 Defensive pointing down in the upper zone                 
   0.86   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 SIDEWAYS                   
                      
Indices                      
UP:     DIA +0.19% ; SPY +0.10% ;               
Down:           IWM -0.07% ; QQQ -0.21%          
                      
  TLT +0.97% at 105.41                 
  VIX +0.72% at 16.89                 
                      
                      
Sectors                      
  6 sectors closed higher led by  XLE +1.53%  and  XLB +0.68%    Lower =  5         
  11           sectors closing above 30d. SMA  and 0   closing below.   
                      
XLE leaders     :    HAL, MRO, MPC, XOM                
XLB leaders     :    ALB, LYB, SHW, PKG                 
XLV leaders     :    ABMD, MDT, MOH                 
                      
Uptrend  XLV, XLP, XLC, XLK                   
Sideways  XLE, XLB, XLU, XLI, XLY, XLF, XLRE                  
Downtrend                      
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led           1,630    to               1,329  and  Nasdaq   Weakened   as  Advancers led            1,822    to            2,638       
                      
                      
NDX Leaders:                        
52 closing higher  and  50 closing Lower                
ZM : +2.84% ;  ALGN : +2.23% ;  EBAY : +1.74%            
                      
DJIA Leaders:                        
21 closing higher  and  9 closing Lower                
CAT : +1.43% ;  CVX : +1.40% ;  NKE : +1.24%            
                      
SP500 Leaders:                        
311 closing higher  and  188 closing Lower                
SIVB : N/A ;  FRC : +12.20% ;  LUMN : +8.52%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   61                   
ALGN, EBAY, DLTR, IDXX, ODFL, PAYX, MNST, SBUX, COST, CEG, LULU, PCAR, XEL, GOOG, MDLZ, ATVI, WBA, ILMN, EXC, GOOGL, VRTX, HON, ORLY, AEP, NFLX, FISV, EA, AZN, AVGO, AMGN, CPRT, FAST, AAPL, GILD, KDP, NTES, ROST, DXCM, ISRG, PEP, CDNS, MAR, META, ADBE, KHC, ANSS, SGEN, NVDA, BKNG, BIIB, CTAS, VRSK, LRCX, MELI, AMZN, FTNT, VRSN, INTU, CSX, MSFT, CMCSA
                      
Stocks to watch on    Tuesday                   
                      
 Nasdaq100  xsing above30   = 0                  
                      
                      
 Nasdaq100  xsing below30  = 7                  
  TMUS, SNPS, REGN, PANW, CRWD, SIRI, MU                 
                      
                      
MACD Crossover:                      
Up   5                   
EBAY, DLTR, MNST, EXC, AMAT                     
                      
Down   3                   
ADP, SPLK, DDOG                      
                      

Monday, April 17, 2023

 SPY Market Forecast   93.56 Bullish pointing up in the upper zone                 
   0.87   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 +1.29% ; SPY +0.36% ; DIA +0.32% ; QQQ +0.08%          
Down:                         
                      
  TLT -1.19% at 103.83                 
  VIX -0.70% at 16.95                 
                      
                      
Sectors                      
  8 sectors closed higher led by  XLRE +2.27%  and  XLF +1.16%    Lower =  3         
  11           sectors closing above 30d. SMA  and 0   closing below.   
                      
XLRE leaders     :    DLR, VNO, ARE, BXP                 
XLF leaders     :    MTB, LNC, WFC, CFG                 
XLI leaders     :    DAL, AAL, GNRC, LUV                 
                      
Uptrend  XLP, XLK, XLV, XLC                   
Sideways  XLRE, XLF, XLI, XLY, XLB, XLU, XLE                  
Downtrend                      
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led           1,833    to               1,158  and  Nasdaq   Strengthened  as  Advancers led            2,765    to            1,712       
                      
                      
NDX Leaders:                        
72 closing higher  and  30 closing Lower                
OKTA : +4.63% ;  NTES : +4.49% ;  DDOG : +3.74%            
                      
DJIA Leaders:                        
22 closing higher  and  8 closing Lower                
WBA : +1.76% ;  TRV : +1.73% ;  BA : +1.65%            
                      
SP500 Leaders:                        
377 closing higher  and  123 closing Lower                
MTB : +7.78% ;  ENPH : +7.67% ;  DLR : +7.15%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   73                   
NTES, DDOG, DXCM, SPLK, WBA, ALGN, BIIB, FISV, EXC, CTSH, CRWD, ADP, KHC, PYPL, BKNG, MELI, MAR, MSFT, NVDA, PANW, ILMN, AEP, ANSS, KDP, WDAY, INTC, SBUX, GILD, SIRI, PCAR, CTAS, ISRG, HON, MDLZ, ODFL, MNST, TMUS, TXN, EBAY, ADI, ORLY, TEAM, COST, PEP, FAST, CPRT, CMCSA, VRSN, ATVI, XEL, AMZN, EA, VRSK, LULU, AAPL, CSX, SGEN, MU, IDXX, AZN, INTU, ADBE, SNPS, FTNT, CDNS, AMGN, DLTR, REGN, META, NFLX, VRTX
                      
Stocks to watch on    Tuesday                   
                      
 Nasdaq100  xsing above30   = 3                  
  DDOG, SPLK, ADP                   
                      
 Nasdaq100  xsing below30  = 3                  
  CSCO, ASML, MRNA                   
                      
                      
MACD Crossover:                      
Up   5                   
NTES, SPLK, ABNB, BKNG, CTAS                     
                      
Down   10                   
EXC, AEP, ROST, CDNS, AMGN, DLTR, CEG, GOOGL, GOOG, MRNA                  
                      

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)       ...