Tuesday, May 30, 2023

                       
SPY Market Forecast   70.27 Bearish pointing down in the middle 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 UP                   
                      
Indices                      
UP:     QQQ +0.45% ; SPY +0.04% ;               
Down:           DIA -0.11% ; IWM -0.37%          
                      
  TLT +1.00% at 102.1                 
  VIX +0.63% at 17.57                 
                      
                      
Sectors                      
  4 sectors closed higher led by  XLY +0.67%  and  XLK +0.53%    Lower =  7         
  3           sectors closing above 30d. SMA  and 8   closing below.   
                      
XLY leaders     :    F, TSLA, NCLH, KMX                 
XLK leaders     :    ENPH, QCOM, SNPS                 
XLRE leaders     :    0                  
                      
Uptrend  XLY, XLK, XLC, XLV, XLP                   
Sideways  XLRE, XLI, XLU, XLB                   
Downtrend  XLF, XLE                   
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led           1,403    to               1,573  and  Nasdaq   Weakened   as  Decliners led            2,029    to            2,432       
                      
                      
NDX Leaders:                        
47 closing higher  and  55 closing Lower                
QCOM : +5.12% ;  SNPS : +4.52% ;  TSLA : +4.14%            
                      
DJIA Leaders:                        
12 closing higher  and  18 closing Lower                
INTC : +3.41% ;  CRM : +1.59% ;  AAPL : +1.07%            
                      
SP500 Leaders:                        
206 closing higher  and  294 closing Lower                
PARA : +6.37% ;  ENPH : +5.40% ;  QCOM : +5.12%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   56                   
QCOM, SNPS, TSLA, NFLX, INTC, ZS, ANSS, NVDA, CRWD, CDNS, MTCH, OKTA, DOCU, ATVI, TEAM, AMZN, FTNT, AAPL, CPRT, VRSK, CSCO, CTAS, DDOG, ODFL, NXPI, ADBE, AMAT, PANW, LRCX, MNST, META, COST, TXN, ISRG, SWKS, CEG, EA, SPLK, FAST, VRSN, MSFT, KLAC, GOOG, CTSH, GOOGL, ZM, ASML, AVGO, AMD, MCHP, BIDU, LCID, MU, MRVL, WDAY, PDD
                      
Stocks to watch on    Wednesday                   
                      
 Nasdaq100  xsing above30   = 4                  
  QCOM, INTC, ATVI, ODFL                   
                      
 Nasdaq100  xsing below30  = 3                  
  ADSK, MELI, NTES                   
                      
                      
MACD Crossover:                      
Up   3                   
INTC, AAPL, ABNB                      
                      
Down   6                   
GOOG, GOOGL, GILD, KDP, ADSK, NTES                    
                      
                      

Friday, May 26, 2023

Strong move in QQQ. Uo 2.56%. SPY Market Forecast is bullish. Technology (XLK) and Consumer Discretionary (XLY) led the up move. Breath strengthened.

 SPY Market Forecast   70.54 Bullish pointing up in the middle 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 UP                   
                      
Indices                      
UP:     QQQ +2.56% ; SPY +1.30% ; IWM +1.14% ; DIA +0.94%          
Down:                         
                      
  TLT +0.81% at 101.09                 
  VIX -6.22% at 17.95                 
                      
                      
Sectors                      
  8 sectors closed higher led by  XLK +2.84%  and  XLY +2.35%    Lower =  2         
  3           sectors closing above 30d. SMA  and 8   closing below.   
                      
XLK leaders     :    AVGO, ANET, MPWR                 
XLY leaders     :    F, TSLA, AMZN, BBY                 
XLC leaders     :    PARA, NFLX, LUMN, META                
                      
Uptrend  XLK, XLY, XLC, XLP, XLV                   
Sideways  XLRE, XLI, XLB, XLU                   
Downtrend  XLF, XLE                   
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led           2,049    to                   918  and  Nasdaq   Strengthened  as  Advancers led            2,885    to            1,560       
                      
                      
NDX Leaders:                        
86 closing higher  and  16 closing Lower                
MRVL : +32.42% ;  PDD : +18.99% ;  AVGO : +11.52%            
                      
DJIA Leaders:                        
22 closing higher  and  8 closing Lower                
INTC : +5.84% ;  AXP : +4.08% ;  CRM : +2.63%            
                      
SP500 Leaders:                        
341 closing higher  and  157 closing Lower                
AVGO : +11.52% ;  ANET : +9.06% ;  DLR : +7.23%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   55                   
MRVL, PDD, AVGO, WDAY, BIDU, MU, KLAC, ADBE, NXPI, MCHP, AMD, NFLX, SWKS, TSLA, TEAM, AMZN, NTES, LRCX, AMAT, ANSS, COST, OKTA, SPLK, TXN, ASML, META, LCID, DOCU, ZS, CRWD, MELI, NVDA, SNPS, MSFT, PANW, ZM, CDNS, CSCO, FAST, AAPL, MTCH, CEG, CTSH, EA, ISRG, CTAS, VRSN, GOOGL, FTNT, GOOG, DDOG, ADSK, MNST, CPRT, VRSK
                      
Stocks to watch on    Monday                   
                      
 Nasdaq100  xsing above30   = 10                  
  PDD, BIDU, MCHP, SWKS, NTES, ANSS, COST, MELI, MTCH, EA                
                      
 Nasdaq100  xsing below30  = 1                  
  ORLY                    
                      
                      
MACD Crossover:                      
Up   8                   
PDD, BIDU, MCHP, AMZN, NTES, COST, ALGN, EA                   
                      
Down   2                   
ILMN, WBA                      
                      

Wednesday, May 24, 2023

SPY Market Forecast is bearish, pointing down in the middle zone; crossed below 30 ds SMA and MACD crossing below the Zero Line.

 SPY Market Forecast   75.63 Bearish pointing down in the middle 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 SIDEWAYS                   
  3-days DOWN                   
                      
Indices                      
UP:                         
Down:     QQQ -0.51% ; SPY -0.71% ; DIA -0.79% ; IWM -1.06%          
                      
  TLT -0.49% at 100.53                 
  VIX +8.26% at 20.06                 
                      
                      
Sectors                      
  1 sectors closed higher led by  XLE +0.44%  and  XLY -0.37%    Lower =  10         
  3           sectors closing above 30d. SMA  and 8   closing below.   
                      
XLE leaders     :    VLO, EQT, MRO, APA                 
XLY leaders     :    ORLY, AMZN, DPZ, LEN                
XLC leaders     :    NFLX, META, EA, TTWO                
                      
Uptrend  XLY, XLC, XLP, XLV, XLK                   
Sideways  XLU, XLB, XLI, XLRE                   
Downtrend  XLE, XLF                   
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led              689    to               2,255  and  Nasdaq   Weakened   as  Decliners led            1,352    to            3,117       
                      
                      
NDX Leaders:                        
27 closing higher  and  74 closing Lower                
PANW : +7.68% ;  ILMN : +4.05% ;  CRWD : +3.68%            
                      
DJIA Leaders:                        
5 closing higher  and  25 closing Lower                
CRM : +1.17% ;  UNH : +0.29% ;  MRK : +0.29%            
                      
SP500 Leaders:                        
79 closing higher  and  421 closing Lower                
ILMN : +4.05% ;  NFLX : +2.49% ;  GLW : +2.47%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   47                   
PANW, ILMN, CRWD, NFLX, ORLY, WDAY, ZS, AMZN, OKTA, META, MU, TEAM, SNPS, VRSK, DDOG, CTAS, ISRG, SPLK, AAPL, AMD, ADSK, CPRT, MDLZ, VRSN, MSFT, PAYX, NVDA, DLTR, MNST, LCID, CEG, CMCSA, AVGO, CSCO, CTSH, ADBE, MRVL, LRCX, GOOG, GOOGL, KLAC, TSLA, DOCU, MTCH, ASML, FTNT, AMAT
                      
Stocks to watch on    Thursday                   
                      
 Nasdaq100  xsing above30   = 4                  
  PANW, ILMN, ORLY, CTAS                   
                      
 Nasdaq100  xsing below30  = 11                  
  BIIB, ADP, FAST, TXN, CSX, MRNA, ZM, NXPI, MCHP, INTU, ADI               
                      
                      
MACD Crossover:                      
Up   2                   
PANW, SGEN                      
                      
Down   8                   
BKNG, ALGN, CTSH, MELI, BIDU, FTNT, ZM, ADI                   

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)       ...