Wednesday, June 14, 2023

 SPY Market Forecast   96.62 Bullish pointing up in the upper 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 UP                   
  3-days UP                   
                      
Indices                      
UP:     QQQ +0.73% ; SPY +0.12% ;               
Down:           DIA -0.64% ; IWM -1.07%          
                      
  TLT +0.80% at 102.02                 
  VIX -5.00% at 13.88                 
                      
                      
Sectors                      
  4 sectors closed higher led by  XLK +1.03%  and  XLP +0.61%    Lower =  7         
  8           sectors closing above 30d. SMA  and 3   closing below.   
                      
XLK leaders     :    INTC, NVDA, ORCL                 
XLP leaders     :    EL, CAG, HSY, HRL                 
XLRE leaders     :    EQIX, IRM, DLR, UDR                 
                      
Uptrend  XLK, XLC, XLY                   
Sideways  XLP, XLRE, XLU, XLI, XLF, XLB, XLV, XLE                  
Downtrend                      
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led           1,166    to               1,796  and  Nasdaq   Weakened   as  Decliners led            1,683    to            2,768       
                      
                      
NDX Leaders:                        
54 closing higher  and  47 closing Lower                
INTC : +4.92% ;  NVDA : +4.81% ;  AVGO : +4.12%            
                      
DJIA Leaders:                        
13 closing higher  and  17 closing Lower                
NKE : +5.69% ;  INTC : +4.92% ;  WMT : +1.01%            
                      
SP500 Leaders:                        
210 closing higher  and  287 closing Lower                
NKE : +5.69% ;  INTC : +4.92% ;  NVDA : +4.81%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   77                   
INTC, NVDA, AVGO, ODFL, ISRG, LULU, AMD, PANW, MU, JD, PDD, WDAY, VRSK, FTNT, CSX, NFLX, MCHP, CSGP, COST, GEHC, MSFT, DXCM, META, LRCX, ATVI, CTAS, CRWD, REGN, EA, ASML, CMCSA, AAPL, ANSS, CSCO, ABNB, ALGN, KLAC, ADSK, ADBE, MAR, SGEN, ZS, GOOG, GOOGL, MRVL, TXN, ROST, AMZN, ADI, TEAM, ENPH, HON, INTU, VRTX, NXPI, AMAT, CPRT, ZM, GFS, TSLA, BKR, CTSH, QCOM, WBD, SNPS, ILMN, EBAY, CEG, FAST, CDNS, WBA
                      
Stocks to watch on    Thursday                   
                      
 Nasdaq100  xsing above30   = 1                  
  GEHC                    
                      
 Nasdaq100  xsing below30  = 2                  
  GILD, AZN                   
                      
                      
MACD Crossover:                      
Up   5                   
NVDA, ODFL, ISRG, EA, RIVN                     
                      
Down   3                   
BKNG, TMUS, FANG                      
                      

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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)       ...