Friday, June 16, 2023

PCALL ratio moving down below 0.75 . Time to buy a SPY PUT? All sectors closing above 30ds SMA. Utilities and Basic Materials led the sectors.

 SPY Market Forecast   95.62 Defensive pointing down in the upper zone                 
   0.72   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:                         
Down:     DIA -0.30% ; SPY -0.34% ; QQQ -0.63% ; IWM -0.80%          
                      
  TLT -0.39% at 102.6                 
  VIX -6.90% at 13.5                 
                      
                      
Sectors                      
  3 sectors closed higher led by  XLU +0.54%  and  XLB +0.25%    Lower =  8         
  11           sectors closing above 30d. SMA  and 0   closing below.   
                      
XLU leaders     :    EIX, NEE, ES, SO                 
XLB leaders     :    BALL, SEE, NEM, CF                 
XLP leaders     :    EL, WBA, KDP, CL                 
                      
Uptrend  XLY, XLK, XLC                   
Sideways  XLU, XLB, XLP, XLV, XLRE, XLE, XLI, XLF                  
Downtrend                      
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led           1,141    to               1,800  and  Nasdaq   Weakened   as  Decliners led            1,742    to            2,648       
                      
                      
NDX Leaders:                        
33 closing higher  and  68 closing Lower                
SIRI : +2.87% ;  WBA : +2.03% ;  TSLA : +1.81%            
                      
DJIA Leaders:                        
15 closing higher  and  15 closing Lower                
WBA : +2.03% ;  INTC : +1.54% ;  V : +1.21%            
                      
SP500 Leaders:                        
216 closing higher  and  283 closing Lower                
BALL : +7.23% ;  GLW : +5.94% ;  DISH : +3.69%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   87                   
SIRI, WBA, TSLA, INTC, KDP, PANW, BKR, NXPI, EXC, PYPL, ADBE, AZN, ENPH, ABNB, ATVI, FAST, AMGN, CTSH, SGEN, IDXX, ISRG, CSCO, PAYX, CPRT, ZM, ADP, MCHP, LULU, NVDA, CSGP, REGN, VRSK, ROST, GILD, MAR, CTAS, EA, JD, INTU, META, VRTX, HON, CHTR, GEHC, PCAR, AAPL, CEG, CMCSA, DXCM, ADI, ANSS, TXN, QCOM, GFS, CDNS, AMAT, WDAY, ALGN, ODFL, MRNA, CSX, COST, FTNT, BKNG, SNPS, PDD, EBAY, GOOGL, AMZN, LRCX, GOOG
                      
Stocks to watch on    Monday                   
                      
 Nasdaq100  xsing above30   = 1                  
  KDP                    
                      
 Nasdaq100  xsing below30  = 2                  
  MNST, ORLY                   
                      
                      
MACD Crossover:                      
Up   3                   
KHC, META, LCID                      
                      
Down   3                   
MAR, CEG, ZS                      
                      
                      

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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)       ...