Thursday, June 01, 2023

                       
SPY Market Forecast   83.25 Bullish pointing up in the upper zone                 
   0.83   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 SIDEWAYS                   
                      
Indices                      
UP:     QQQ +1.16% ; IWM +1.08% ; SPY +0.95% ; DIA +0.43%          
Down:                         
                      
  TLT +0.13% at 103.12                 
  VIX -12.76% at 15.65                 
                      
                      
Sectors                      
  9 sectors closed higher led by  XLC +1.35%  and  XLB +1.33%    Lower =  2         
  3           sectors closing above 30d. SMA  and 8   closing below.   
                      
XLC leaders     :    MTCH, META, NWS, NWSA                
XLB leaders     :    NEM, FCX, SHW, PPG                 
XLI leaders     :    GNRC, GE, IR, OTIS                 
                      
Uptrend  XLC, XLY, XLK, XLV, XLP                   
Sideways  XLB, XLI, XLRE, XLU                   
Downtrend  XLE, XLF                   
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led           2,133    to                   836  and  Nasdaq   Strengthened  as  Advancers led            2,956    to            1,509       
                      
                      
NDX Leaders:                        
72 closing higher  and  29 closing Lower                
MTCH : +10.20% ;  BIDU : +6.46% ;  JD : +5.92%            
                      
DJIA Leaders:                        
23 closing higher  and  7 closing Lower                
AXP : +2.62% ;  V : +2.47% ;  HD : +1.74%            
                      
SP500 Leaders:                        
368 closing higher  and  130 closing Lower                
MTCH : +10.20% ;  NTAP : +8.46% ;  CEG : +5.78%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   56                   
MTCH, BIDU, CEG, PDD, NVDA, MRVL, SIRI, SPLK, META, ODFL, SWKS, KLAC, ADBE, QCOM, NFLX, DXCM, ADSK, MCHP, AMZN, TSLA, AAPL, PANW, WDAY, DOCU, MU, MSFT, MNST, AMAT, TXN, AMD, NXPI, ZM, ISRG, CTAS, GOOG, GOOGL, CDNS, ASML, LRCX, FTNT, VRSK, CPRT, COST, CSCO, DDOG, ATVI, VRSN, SNPS, ANSS, EA, ZS, CTSH, INTC, CRWD, TEAM, AVGO
                      
Stocks to watch on    Friday                   
                      
 Nasdaq100  xsing above30   = 5                  
  SIRI, ODFL, CSX, DXCM, MCHP                  
                      
 Nasdaq100  xsing below30  = 2                  
  LCID, OKTA                   
                      
                      
MACD Crossover:                      
Up   5                   
DXCM, ADSK, ZM, CTAS, KDP                     
                      
Down   3                   
ROST, LCID, OKTA                      
                      

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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)       ...