Monday, July 31, 2023

Market Forecast intermediate line is bullish. Energy and Real Estate led the sectors. Breath Strengthened. All indices closed higher.

SPY Market Forecast   90.41 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 SIDEWAYS                   
                      
Indices                      
UP:     IWM +1.16% ; DIA +0.31% ; SPY +0.19% ; QQQ +0.05%          
Down:                         
                      
  TLT +0.24% at 100.05                 
  VIX +2.25% at 13.63                 
                      
                      
Sectors                      
  8 sectors closed higher led by  XLE +1.90%  and  XLRE +0.79%    Lower =  3         
  11           sectors closing above 30d. SMA  and 0   closing below.   
                      
XLE leaders     :    CVX, XOM, HAL, SLB                 
XLRE leaders     :    PK, ESS, EQR, UDR                 
XLY leaders     :    HAS, RL, CMG, NCLH                 
                      
Uptrend  XLE, XLY, XLB, XLF, XLI, XLK, XLC, XLP, XLV                 
Sideways  XLRE, XLU                   
Downtrend                      
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led           2,144    to                   807  and  Nasdaq   Strengthened  as  Advancers led            2,834    to            1,574       
                      
                      
NDX Leaders:                        
57 closing higher  and  44 closing Lower                
TEAM : +4.44% ;  DDOG : +4.04% ;  CRWD : +3.89%            
                      
DJIA Leaders:                        
17 closing higher  and  13 closing Lower                
DIS : +3.20% ;  CVX : +3.02% ;  AXP : +2.09%            
                      
SP500 Leaders:                        
303 closing higher  and  195 closing Lower                
PARA : +4.57% ;  URI : +4.17% ;  ADBE : +3.27%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   79                   
TEAM, DDOG, CRWD, ADBE, NFLX, ON, PYPL, WBD, CHTR, QCOM, JD, LCID, ZS, GFS, AMD, DLTR, FTNT, FANG, ANSS, AMZN, MAR, MELI, ADSK, BKR, CEG, PCAR, TXN, WDAY, MCHP, TTD, PANW, KLAC, ADI, PDD, AZN, CTSH, EXC, ZM, IDXX, MRVL, AAPL, SBUX, FAST, MU, KDP, SNPS, LULU, GOOGL, GOOG, CMCSA, KHC, ROST, INTU, NVDA, CSCO, CTAS, AVGO, NXPI, ILMN, SIRI, AMAT, ASML, LRCX, COST, VRTX, REGN, ABNB, PAYX, AMGN, ALGN, EA
                      
Stocks to watch on    Tuesday                   
                      
 Nasdaq100  xsing above30   = 5                  
  NFLX, GFS, AMD, CTSH, LULU                  
                      
 Nasdaq100  xsing below30  = 5                  
  AEP, MNST, CSX, TMUS, DXCM                  
                      
                      
MACD Crossover:                      
Up   10                   
WBD, LCID, AMD, DLTR, MCHP, TTD, PANW, AAPL, FAST, ASML                  
                      
Down   6                   
CSCO, COST, ABNB, PAYX, BKNG, PEP                    
                       

Friday, July 28, 2023

SPY Market Forecast Intermediate is bullish. QQQ up 1.82%. Communications (XLC) and Consumer Disc (XLY) led the sectors. Breath Strengthened.

 SPY Market Forecast   90.12 Bullish pointing up in the upper zone                 
   0.73   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 +1.82% ; IWM +1.29% ; SPY +0.98% ; DIA +0.48%          
Down:                         
                      
  TLT +0.51% at 99.81                 
  VIX -7.49% at 13.33                 
                      
                      
Sectors                      
  9 sectors closed higher led by  XLC +1.97%  and  XLY +1.70%    Lower =  2         
  11           sectors closing above 30d. SMA  and 0   closing below.   
                      
XLC leaders     :    DISH, META, WBD, NFLX                
XLY leaders     :    NWL, TSLA, ETSY, AMZN                
XLK leaders     :    INTC, KLAC, AMAT                 
                      
Uptrend  XLC, XLY, XLK, XLP, XLB, XLI, XLE, XLV, XLF                 
Sideways  XLU, XLRE                   
Downtrend                      
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led           2,101    to                   861  and  Nasdaq   Strengthened  as  Advancers led            3,242    to            1,149       
                      
                      
NDX Leaders:                        
86 closing higher  and  15 closing Lower                
LCID : +8.42% ;  JD : +6.71% ;  INTC : +6.60%            
                      
DJIA Leaders:                        
22 closing higher  and  8 closing Lower                
INTC : +6.60% ;  PG : +2.83% ;  MSFT : +2.31%            
                      
SP500 Leaders:                        
338 closing higher  and  163 closing Lower                
TROW : +8.27% ;  NWL : +7.71% ;  CINF : +6.85%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   79                   
LCID, JD, INTC, SIRI, KLAC, TTD, PDD, MELI, AZN, META, WBD, AMAT, ODFL, MDLZ, ABNB, AMZN, INTU, MCHP, ON, ADBE, QCOM, LRCX, PYPL, DDOG, GOOGL, GOOG, DXCM, CSX, WDAY, BKR, TEAM, MAR, BKNG, NVDA, CRWD, MRVL, ADI, ASML, ILMN, ZS, AAPL, PANW, FAST, VRTX, IDXX, ANSS, MNST, ROST, ZM, PEP, FANG, DLTR, TMUS, AVGO, NXPI, SNPS, KDP, SBUX, TXN, CEG, VRSK, FTNT, COST, EA, REGN, AEP, MU, ADSK, AMGN, PCAR, ADP
                      
Stocks to watch on    Monday                   
                      
 Nasdaq100  xsing above30   = 16                  
  MELI, AZN, WBD, MDLZ, AMZN, DXCM, CSX, TEAM, ASML, ILMN, PANW, FAST, VRTX, TXN, AEP, ADSK            
                      
 Nasdaq100  xsing below30  = 3                  
  CDNS, CTSH, WBA                   
                      
                      
MACD Crossover:                      
Up   8                   
META, ABNB, INTU, ON, MAR, BKNG, ADI, ZM                   
                      
Down   3                   
VRSK, CTAS, EXC                      
                      
 

Thursday, July 27, 2023

 SPY Market Forecast   89.13 Defensive pointing down in the upper zone                 
   0.72   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 DOWN                   
                      
Indices                      
UP:                         
Down:     QQQ -0.24% ; SPY -0.66% ; DIA -0.70% ; IWM -1.29%          
                      
  TLT -1.95% at 99.3                 
  VIX +9.40% at 14.43                 
                      
                      
Sectors                      
  1 sectors closed higher led by  XLC +0.84%  and  XLK -0.29%    Lower =  10         
  10           sectors closing above 30d. SMA  and 1   closing below.   
                      
XLC leaders     :    CMCSA, META, IPG, CHTR                
XLK leaders     :    FISV, LRCX, STX                 
XLE leaders     :    XOM, HES, PXD, WMB                 
                      
Uptrend  XLC, XLK, XLB, XLI, XLY, XLF, XLRE                  
Sideways  XLE, XLV, XLP, XLU                   
Downtrend                      
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led              712    to               2,244  and  Nasdaq   Weakened   as  Decliners led            1,174    to            3,144       
                      
                      
NDX Leaders:                        
32 closing higher  and  68 closing Lower                
FISV : N/A ;  ALGN : +13.38% ;  LRCX : +9.28%            
                      
DJIA Leaders:                        
9 closing higher  and  21 closing Lower                
DOW : +2.31% ;  IBM : +1.35% ;  MCD : +1.18%            
                      
SP500 Leaders:                        
119 closing higher  and  379 closing Lower                
FISV : N/A ;  ALGN : +13.38% ;  TXT : +11.87%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   65                   
ALGN, LRCX, CMCSA, MU, KLAC, AMAT, META, KDP, ON, MCHP, ADI, REGN, ZM, CHTR, NXPI, QCOM, MAR, NVDA, TTD, PCAR, INTC, PDD, CDNS, AMGN, MRVL, GOOG, GOOGL, AVGO, ROST, INTU, BKNG, WDAY, ADBE, SNPS, DLTR, CSCO, KHC, FANG, PAYX, AAPL, WBA, COST, TMUS, ZS, FTNT, SBUX, EA, ADP, DDOG, ABNB, CRWD, ANSS, PEP, SIRI, IDXX, PYPL, CEG, ODFL, CTSH, CTAS, VRSK, BKR, EXC, JD, LCID
                      
Stocks to watch on    Friday                   
                      
 Nasdaq100  xsing above30   = 5                  
  ALGN, KLAC, AMAT, REGN, CDNS                  
                      
 Nasdaq100  xsing below30  = 14                  
  VRTX, DXCM, FAST, ADSK, MDLZ, LULU, AEP, XEL, TEAM, WBD, ENPH, ORLY, HON, EBAY             
                      
                      
MACD Crossover:                      
Up   4                   
ALGN, LRCX, KLAC, AMAT                     
                      
Down   12                   
INTU, BKNG, DLTR, TMUS, SBUX, ABNB, FAST, IDXX, CEG, AEP, XEL, EBAY                  
                      
                      

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)       ...