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                      
                      

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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)       ...