Friday, June 30, 2023

SPY reached 1-year highs after gapping up today. Small selloff at the close. QQQ led the indices All sectors closed positive. Utilities is the only sector below 30ds SMA.

 SPY Market Forecast   78.3 Bullish pointing up in the middle 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:     QQQ +1.54% ; SPY +1.18% ; DIA +0.79% ; IWM +0.48%          
Down:                         
                      
  TLT +1.18% at 102.94                 
  VIX +0.37% at 13.59                 
                      
                      
Sectors                      
  11 sectors closed higher led by  XLK +1.59%  and  XLY +1.27%    Lower =  0         
  10           sectors closing above 30d. SMA  and 1   closing below.   
                      
XLK leaders     :    SEDG, ENPH, NVDA                 
XLY leaders     :    CCL, NCLH, AAP, ROST                
XLU leaders     :    NEE, ES, ETR, AWK                 
                      
Uptrend  XLK, XLY, XLC, XLB, XLI                   
Sideways  XLU, XLV, XLF, XLP, XLE, XLRE                  
Downtrend                      
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led           2,094    to                   854  and  Nasdaq   Strengthened  as  Advancers led            2,606    to            1,752       
                      
                      
NDX Leaders:                        
91 closing higher  and  10 closing Lower                
SIRI : +4.62% ;  TEAM : +3.82% ;  NVDA : +3.63%            
                      
DJIA Leaders:                        
26 closing higher  and  4 closing Lower                
AAPL : +2.31% ;  WMT : +1.88% ;  MSFT : +1.64%            
                      
SP500 Leaders:                        
434 closing higher  and  65 closing Lower                
CCL : +9.73% ;  SEDG : +5.94% ;  ENPH : +5.49%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   75                   
SIRI, RIVN, NVDA, ALGN, GEHC, MCHP, ROST, NFLX, ADI, CDNS, NXPI, ABNB, MRVL, GFS, PAYX, AAPL, LULU, DDOG, META, AMZN, ORLY, TXN, SNPS, BKNG, TSLA, MSFT, KLAC, INTC, EXC, IDXX, ADP, TMUS, ATVI, CTAS, MAR, PYPL, ANSS, CHTR, PCAR, COST, VRSK, CTSH, AEP, ADBE, VRTX, CPRT, FANG, CSCO, ISRG, ZS, WBD, PANW, QCOM, BKR, FAST, CEG, PEP, CSX, FTNT, AVGO, INTU, HON, DXCM, ZM, LRCX, AMAT, EBAY, ASML, CMCSA, LCID, DLTR
                      
Stocks to watch on    Monday                   
                      
 Nasdaq100  xsing above30   = 6                  
  GEHC, PAYX, SNPS, AEP, PEP, ZM                  
                      
 Nasdaq100  xsing below30  = 1                  
  ADSK                    
                      
                      
MACD Crossover:                      
Up   6                   
GEHC, NXPI, EXC, CTAS, AEP, EBAY                    
                      
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)       ...