Mr. Renko: June 2023

Friday, June 30, 2023

SPY reached 1-year highs after gapping up today. Small selloff at the close. QQQ led the indices All sectors closed positive. Utilities is the only sector below 30ds SMA.

SPY Market Forecast   78.3 Bullish pointing up in the middle zone
   0.75   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 +1.54% ; SPY +1.18% ; DIA +0.79% ; IWM +0.48%
Down:

  TLT +1.18% at 102.94
  VIX +0.37% at 13.59


Sectors
  11 sectors closed higher led by XLK +1.59% and XLY +1.27%    Lower = 0
  10           sectors closing above 30d. SMA and 1   closing below.

XLK leaders     :   SEDG, ENPH, NVDA
XLY leaders     :   CCL, NCLH, AAP, ROST
XLU leaders     :   NEE, ES, ETR, AWK

Uptrend XLK, XLY, XLC, XLB, XLI
Sideways XLU, XLV, XLF, XLP, XLE, XLRE
Downtrend


Breath:
NYSE Strengthened as Advancers led           2,094    to                  854 and Nasdaq Strengthened as Advancers led            2,606    to           1,752


NDX Leaders:
91 closing higher and 10 closing Lower
SIRI : +4.62% ; TEAM : +3.82% ; NVDA : +3.63%

DJIA Leaders:
26 closing higher and 4 closing Lower
AAPL : +2.31% ; WMT : +1.88% ; MSFT : +1.64%

SP500 Leaders:
434 closing higher and 65 closing Lower
CCL : +9.73% ; SEDG : +5.94% ; ENPH : +5.49%

NASDAQ 100

Nasdaq Above 30MA    =   75
SIRI, RIVN, NVDA, ALGN, GEHC, MCHP, ROST, NFLX, ADI, CDNS, NXPI, ABNB, MRVL, GFS, PAYX, AAPL, LULU, DDOG, META, AMZN, ORLY, TXN, SNPS, BKNG, TSLA, MSFT, KLAC, INTC, EXC, IDXX, ADP, TMUS, ATVI, CTAS, MAR, PYPL, ANSS, CHTR, PCAR, COST, VRSK, CTSH, AEP, ADBE, VRTX, CPRT, FANG, CSCO, ISRG, ZS, WBD, PANW, QCOM, BKR, FAST, CEG, PEP, CSX, FTNT, AVGO, INTU, HON, DXCM, ZM, LRCX, AMAT, EBAY, ASML, CMCSA, LCID, DLTR

Stocks to watch on    Monday

Nasdaq100 xsing above30   = 6
  GEHC, PAYX, SNPS, AEP, PEP, ZM

Nasdaq100 xsing below30 = 1
  ADSK


MACD Crossover:
Up   6
GEHC, NXPI, EXC, CTAS, AEP, EBAY

Down   0

Thursday, June 29, 2023

SPY Market Forecast bullish. Financials, Basic Materials and Energy led the sectors. Breath strengthened.

SPY Market Forecast   74.68 Bullish pointing up in the middle zone
   0.75   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 +1.15% ; DIA +0.75% ; SPY +0.39% ;
Down:              QQQ -0.20%

  TLT -1.80% at 101.74
  VIX +0.82% at 13.54


Sectors
  8 sectors closed higher led by XLF +1.74% and XLB +1.26%    Lower = 2
  9           sectors closing above 30d. SMA and 2   closing below.

XLF leaders     :   SIVB, FRC, SBNY, WFC
XLB leaders     :   CF, MOS, SHW, PKG
XLE leaders     :   EQT, CTRA, MRO, APA

Uptrend XLK, XLY, XLC
Sideways XLF, XLB, XLE, XLI, XLRE, XLV, XLU, XLP
Downtrend


Breath:
NYSE Strengthened as Advancers led           2,018    to                  938 and Nasdaq Strengthened as Advancers led            2,661    to           1,808


NDX Leaders:
50 closing higher and 50 closing Lower
LCID : +7.17% ; PCAR : +2.39% ; MAR : +2.03%

DJIA Leaders:
22 closing higher and 8 closing Lower
JPM : +3.49% ; GS : +3.01% ; V : +2.79%

SP500 Leaders:
389 closing higher and 108 closing Lower
CTLT : +6.72% ; WFC : +4.51% ; TECH : +4.28%

NASDAQ 100

Nasdaq Above 30MA    =   70
RIVN, LCID, PCAR, MAR, HON, WDAY, CTSH, AVGO, ISRG, ODFL, SIRI, MCHP, DXCM, NXPI, FANG, TXN, FTNT, CHTR, CSGP, CSX, FAST, BKR, CSCO, IDXX, CPRT, KLAC, ANSS, ZS, TSLA, ROST, QCOM, TMUS, ADP, CEG, ADBE, GFS, AAPL, CTAS, AMAT, EXC, VRSK, ORLY, PANW, ADSK, ASML, EA, COST, ADI, MSFT, WBD, PYPL, LRCX, CDNS, NFLX, BKNG, CMCSA, EBAY, ATVI, NVDA, VRTX, INTU, AMZN, ALGN, META, DLTR, LULU, DDOG, INTC, ABNB, MRVL

Stocks to watch on    Friday

Nasdaq100 xsing above30   = 3
  LCID, FANG, ADP

Nasdaq100 xsing below30 = 3
  PAYX, ZM, PDD


MACD Crossover:
Up   6
RIVN, MAR, CTSH, MCHP, TXN, MRNA

Down   2
EXC, PANW

Wednesday, June 28, 2023

SPY Market Forecast intermediate line still pointing down in the middle zone. Breath strengthened. Energy and Communications led the sectors.

SPY Market Forecast   72.97 Bearish pointing down in the middle zone
   0.75   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 +0.49% ; QQQ +0.20% ; SPY +0.05% ;
Down:              DIA -0.18%

  TLT +0.43% at 103.61
  VIX -2.26% at 13.43


Sectors
  5 sectors closed higher led by XLE +1.01% and XLC +0.45%    Lower = 5
  9           sectors closing above 30d. SMA and 2   closing below.

XLE leaders     :   WMB, EOG, TRGP, PXD
XLC leaders     :   LUMN, DISH, NFLX, GOOG
XLY leaders     :   CCL, NCLH, BWA, F

Uptrend XLC, XLY, XLK
Sideways XLE, XLRE, XLI, XLF, XLV, XLP, XLB, XLU
Downtrend


Breath:
NYSE Strengthened as Advancers led           1,616    to              1,317 and Nasdaq Strengthened as Advancers led            2,303    to           2,076


NDX Leaders:
49 closing higher and 51 closing Lower
LCID : +5.25% ; SIRI : +4.40% ; MELI : +3.92%

DJIA Leaders:
16 closing higher and 14 closing Lower
CRM : +1.60% ; WBA : +1.54% ; AXP : +0.95%

SP500 Leaders:
202 closing higher and 295 closing Lower
CCL : +8.81% ; NCLH : +7.55% ; WY : +4.27%

NASDAQ 100

Nasdaq Above 30MA    =   70
RIVN, SIRI, ODFL, NFLX, DDOG, TSLA, DXCM, CHTR, IDXX, WBD, ALGN, VRTX, ZM, FTNT, ISRG, EBAY, CPRT, PANW, AAPL, BKR, COST, LULU, CMCSA, PCAR, MSFT, CTSH, CSX, ANSS, CDNS, GFS, MAR, ORLY, INTU, TMUS, CSCO, AVGO, AMZN, ASML, ABNB, ADSK, PYPL, PAYX, CEG, CTAS, ZS, HON, KLAC, ROST, EA, WDAY, META, ATVI, VRSK, CSGP, FAST, DLTR, TXN, MRVL, MCHP, LRCX, BKNG, ADI, NXPI, ADBE, INTC, AMAT, EXC, NVDA, QCOM, PDD

Stocks to watch on    Thursday

Nasdaq100 xsing above30   = 2
  RIVN, WBD

Nasdaq100 xsing below30 = 2
  SGEN, PEP


MACD Crossover:
Up   10
LCID, FANG, PANW, AAPL, BKR, COST, CSX, GFS, LRCX, AMAT

Down   4
PYPL, AMGN, XEL, AEP