Friday, April 14, 2023

 SPY Market Forecast   92.75 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:                         
Down:     QQQ -0.19% ; SPY -0.24% ; DIA -0.45% ; IWM -0.93%          
                      
  TLT -0.91% at 105.08                 
  VIX -4.10% at 17.07                 
                      
                      
Sectors                      
  3 sectors closed higher led by  XLF +0.98%  and  XLE +0.18%    Lower =  8         
  10           sectors closing above 30d. SMA  and 1   closing below.   
                      
XLF leaders     :    JPM, SBNY, C, BAC                 
XLE leaders     :    TRGP, SLB, HES, PXD                 
XLY leaders     :    VFC, ETSY, PHM, MAR                 
                      
Uptrend  XLC, XLK, XLP, XLV                   
Sideways  XLF, XLE, XLY, XLI, XLB, XLU, XLRE                  
Downtrend                      
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led           1,019    to               1,939  and  Nasdaq   Weakened   as  Decliners led            1,450    to            2,956       
                      
                      
NDX Leaders:                        
33 closing higher  and  69 closing Lower                
FAST : +1.78% ;  ODFL : +1.77% ;  PCAR : +1.58%            
                      
DJIA Leaders:                        
10 closing higher  and  20 closing Lower                
JPM : +7.55% ;  GS : +1.44% ;  CAT : +0.91%            
                      
SP500 Leaders:                        
168 closing higher  and  331 closing Lower                
JPM : +7.55% ;  SBNY : +6.88% ;  C : +4.78%            
                      
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                   
                      
                      

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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)       ...