Friday, June 23, 2023

Market Forecast turning bearish. All indices lower. VIX up 4.1% at 13.44. All indices closed lower. Consumer Staples, Energy, Real Estate and Utilities below 30ds SMA

 SPY Market Forecast   78.54 Bearish pointing down in the middle zone                 
   0.73   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:     DIA -0.64% ; SPY -0.76% ; QQQ -0.99% ; IWM -1.51%          
                      
  TLT +1.00% at 103.33                 
  VIX +4.11% at 13.44                 
                      
                      
Sectors                      
  0 sectors closed higher led by  XLC -0.22%  and  XLV -0.33%    Lower =  11         
  7           sectors closing above 30d. SMA  and 4   closing below.   
                      
XLC leaders     :    META, TTWO, MTCH, NFLX                
XLV leaders     :    ABMD, PKI, DGX                 
XLF leaders     :    SIVB, FRC, SBNY, PGR                 
                      
Uptrend  XLC, XLK, XLY                   
Sideways  XLV, XLF, XLP, XLE, XLI, XLB, XLRE, XLU                  
Downtrend                      
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led              907    to               2,020  and  Nasdaq   Weakened   as  Decliners led            1,479    to            2,936       
                      
                      
NDX Leaders:                        
15 closing higher  and  86 closing Lower                
SIRI : +2.13% ;  ADBE : +1.50% ;  META : +1.35%            
                      
DJIA Leaders:                        
4 closing higher  and  26 closing Lower                
INTC : +0.89% ;  MRK : +0.77% ;  V : +0.51%            
                      
SP500 Leaders:                        
93 closing higher  and  407 closing Lower                
KMX : +10.07% ;  GNRC : +3.41% ;  CE : +2.17%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   58                   
SIRI, ADBE, META, CEG, INTC, ROST, WDAY, PCAR, INTU, CSGP, NFLX, DXCM, COST, REGN, ADI, ISRG, FAST, CPRT, AAPL, DLTR, HON, VRTX, SGEN, FTNT, ATVI, GEHC, IDXX, AMZN, CDNS, ORLY, CTAS, MNST, LULU, AMGN, CSX, BKR, ODFL, MSFT, MCHP, ZS, WBA, CSCO, VRSK, ALGN, LRCX, ANSS, NVDA, AMAT, PANW, MRVL, KLAC, PYPL, AVGO, ABNB, QCOM, TSLA, NXPI, PDD
                      
Stocks to watch on    Monday                   
                      
 Nasdaq100  xsing above30   = 0                  
                      
                      
 Nasdaq100  xsing below30  = 21                  
  GOOGL, PEP, GOOG, GILD, DDOG, CMCSA, ZM, SNPS, EXC, BKNG, ADSK, KDP, MAR, AZN, PAYX, ASML, TXN, ADP, GFS, TEAM, JD         
                      
                      
MACD Crossover:                      
Up   0                   
                      
                      
Down   12                   
WDAY, PCAR, DXCM, ADI, HON, FTNT, CSX, CMCSA, WBA, AZN, ADP, TSLA                 
                      

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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)       ...