Monday, May 15, 2023

 SPY Market Forecast   70.37 Bearish pointing down in the middle zone                 
   0.91   PCALL - 10 day SMA (0.75 - 1.00)               
                      
SPY INTERMEDIATE TERM:  Uptrend- Price above 30 &10 Wk SMA                 
  6-months SIDEWAYS                   
  10-days SIDEWAYS                   
  3-days SIDEWAYS                   
                      
Indices                      
UP:     IWM +1.22% ; QQQ +0.54% ; SPY +0.35% ; DIA +0.17%          
Down:                         
                      
  TLT -1.04% at 103.19                 
  VIX +0.53% at 17.12                 
                      
                      
Sectors                      
  7 sectors closed higher led by  XLB +0.85%  and  XLK +0.83%    Lower =  4         
  4           sectors closing above 30d. SMA  and 7   closing below.   
                      
XLB leaders     :    CE, ALB, MOS, FCX                 
XLK leaders     :    WDC, MU, STX                 
XLF leaders     :    SIVB, ZION, CMA, KEY                 
                      
Uptrend  XLK, XLC, XLV, XLP                   
Sideways  XLB, XLF, XLE, XLI, XLY, XLRE, XLU                  
Downtrend                      
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led           1,978    to                   972  and  Nasdaq   Strengthened  as  Advancers led            2,942    to            1,561       
                      
                      
NDX Leaders:                        
75 closing higher  and  27 closing Lower                
TEAM : +7.66% ;  JD : +6.71% ;  BIDU : +6.28%            
                      
DJIA Leaders:                        
19 closing higher  and  11 closing Lower                
INTC : +2.94% ;  AXP : +1.40% ;  WBA : +1.38%            
                      
SP500 Leaders:                        
334 closing higher  and  168 closing Lower                
WDC : +11.26% ;  ZION : +8.47% ;  CMA : +7.29%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   55                   
JD, MU, ZS, NTES, MRVL, LRCX, KLAC, AMAT, CRWD, ZM, OKTA, AMD, NVDA, META, CTSH, VRSN, DDOG, AVGO, MELI, ADSK, ASML, FTNT, ISRG, AMZN, MAR, BIIB, CSX, BKNG, CEG, IDXX, EBAY, VRTX, AZN, MNST, DLTR, FISV, MSFT, PCAR, VRSK, CMCSA, LULU, MDLZ, CPRT, AAPL, COST, GOOG, GOOGL, PEP, FAST, CTAS, NFLX, KHC, DXCM, ORLY, PANW
                      
Stocks to watch on    Tuesday                   
                      
 Nasdaq100  xsing above30   = 7                  
  JD, MU, NTES, SPLK, ZM, ADSK, BKNG                  
                      
 Nasdaq100  xsing below30  = 0                  
                      
                      
                      
MACD Crossover:                      
Up   7                   
TEAM, MU, NVDA, VRSN, PAYX, SIRI, KDP                   
                      
Down   5                   
AAPL, PEP, FAST, KHC, ORLY                     
                      
                      

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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)       ...