Monday, June 26, 2023

SPY continues the move down closing second day below the 10ds SMA. Breath weakened. Real Estate and Energy led the sectors to the upside.

 SPY Market Forecast   77.23 Bearish pointing down in the middle zone                 
   0.74   PCALL - 10 day SMA (0.75 - 1.00)               
                      
SPY INTERMEDIATE TERM:  Uptrend- Price above 30 &10 Wk SMA                 
  6-months UP                   
  10-days DOWN                   
  3-days DOWN                   
                      
Indices                      
UP:     IWM +0.10% ;                  
Down:        DIA -0.01% ; SPY -0.41% ; QQQ -1.34%          
                      
  TLT +0.11% at 103.44                 
  VIX +6.03% at 14.25                 
                      
                      
Sectors                      
  6 sectors closed higher led by  XLRE +2.23%  and  XLE +1.80%    Lower =  5         
  8           sectors closing above 30d. SMA  and 3   closing below.   
                      
XLRE leaders     :    VNO, BXP, ARE, WELL                 
XLE leaders     :    EOG, EQT, HES, BKR                 
XLB leaders     :    WRK, NEM, EMN, IP                 
                      
Uptrend  XLK, XLC, XLY                   
Sideways  XLRE, XLE, XLB, XLU, XLI, XLP, XLF, XLV                  
Downtrend                      
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led           1,946    to                   999  and  Nasdaq   Weakened   as  Advancers led            2,099    to            2,364       
                      
                      
NDX Leaders:                        
47 closing higher  and  53 closing Lower                
CHTR : +3.25% ;  QCOM : +2.82% ;  AMAT : +2.74%            
                      
DJIA Leaders:                        
16 closing higher  and  14 closing Lower                
HD : +2.35% ;  NKE : +2.03% ;  CVX : +1.76%            
                      
SP500 Leaders:                        
344 closing higher  and  154 closing Lower                
BXP : +9.88% ;  ARE : +4.98% ;  NWL : +4.71%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   59                   
GFS, CHTR, QCOM, AMAT, BKR, ODFL, PAYX, SIRI, LRCX, NXPI, ATVI, EXC, HON, CSGP, FAST, CMCSA, EA, CSX, MCHP, INTC, PCAR, ALGN, ORLY, WBA, REGN, CTAS, KLAC, CEG, ADI, INTU, VRTX, PANW, AVGO, CPRT, MRVL, LULU, DLTR, COST, CSCO, VRSK, ISRG, ZS, FTNT, PYPL, AAPL, SGEN, ROST, WDAY, AMGN, ADBE, IDXX, ABNB, AMZN, DXCM, NFLX, MSFT, META, NVDA, TSLA
                      
Stocks to watch on    Tuesday                   
                      
 Nasdaq100  xsing above30   = 6                  
  GFS, CHTR, PAYX, EXC, CMCSA, EA                  
                      
 Nasdaq100  xsing below30  = 5                  
  PDD, CDNS, ANSS, MNST, GEHC                  
                      
                      
MACD Crossover:                      
Up   1                   
SIRI                      
                      
Down   11                   
PANW, KDP, BKNG, VRSK, AAPL, GILD, ABNB, MNST, GEHC, META, MELI                  
                      
                      

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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)       ...