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                  
                      

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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)       ...