Tuesday, June 13, 2023

SPY Intermediate line MFC still bullish. $PCALL Ratio at .75 opening the door for a potencial turn (SPY extended). Healthcare sector crossing above the 30ds SMA. Basic Materials and Industrials Sectors leading.

 SPY Market Forecast   95.32 Bullish pointing up in the upper 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% ; QQQ +0.77% ; SPY +0.66% ; DIA +0.43%          
Down:                         
                      
  TLT -0.99% at 101.21                 
  VIX -2.66% at 14.61                 
                      
                      
Sectors                      
  10 sectors closed higher led by  XLB +2.32%  and  XLI +1.16%    Lower =  1         
  9           sectors closing above 30d. SMA  and 2   closing below.   
                      
XLB leaders     :    FCX, ALB, NUE, LIN                 
XLI leaders     :    FBHS, GNRC, URI, SWK                
XLY leaders     :    NCLH, ULTA, CCL, DG                 
                      
Uptrend  XLY, XLK, XLC                   
Sideways  XLB, XLI, XLRE, XLF, XLV, XLE, XLP, XLU                  
Downtrend                      
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led           2,075    to                   891  and  Nasdaq   Strengthened  as  Advancers led            2,932    to            1,552       
                      
                      
NDX Leaders:                        
77 closing higher  and  24 closing Lower                
BIDU : +6.11% ;  LCID : +4.47% ;  MTCH : +4.09%            
                      
DJIA Leaders:                        
20 closing higher  and  10 closing Lower                
CAT : +3.17% ;  DOW : +2.59% ;  INTC : +2.54%            
                      
SP500 Leaders:                        
397 closing higher  and  99 closing Lower                
CMA : +6.39% ;  STLD : +5.99% ;  NCLH : +5.76%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   78                   
RIVN, NVDA, NXPI, TSLA, JD, ALGN, MCHP, TEAM, NFLX, INTC, ADI, ADSK, CDNS, PCAR, WDAY, PANW, ODFL, TXN, QCOM, PDD, REGN, FAST, MRVL, ENPH, CSGP, CTSH, CRWD, HON, BKR, AMAT, EA, ATVI, SIRI, ZS, ANSS, WBA, ADP, ASML, GFS, KLAC, FTNT, ADBE, EBAY, SNPS, CSX, GILD, MSFT, CSCO, MU, ISRG, CEG, VRTX, AZN, PAYX, INTU, MAR, ABNB, COST, GOOGL, META, AMZN, GOOG, ROST, DDOG, LULU, CMCSA, CPRT, CTAS, AAPL, LRCX, SGEN
                      
Stocks to watch on    Wednesday                   
                      
 Nasdaq100  xsing above30   = 4                  
  ODFL, EA, GILD, AZN                   
                      
 Nasdaq100  xsing below30  = 1                  
  BIIB                    
                      
                      
MACD Crossover:                      
Up   9                   
MRNA, CDNS, TXN, IDXX, CTSH, AMAT, FTNT, CSCO, TMUS                   
                      
Down   0                   
                      
                      
                      

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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)       ...