Monday, July 24, 2023

All indices up led by DIA. TLT Down. SPY Market Forecast defensive. Strength in Energy sector. Breath strengthened

 SPY Market Forecast   91.87 Defensive pointing down in the upper zone                 
   0.68   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:     DIA +0.55% ; SPY +0.45% ; IWM +0.25% ; QQQ +0.16%          
Down:                         
                      
  TLT -0.36% at 101.36                 
  VIX +2.28% at 13.91                 
                      
                      
Sectors                      
  9 sectors closed higher led by  XLE +1.61%  and  XLRE +0.96%    Lower =  2         
  11           sectors closing above 30d. SMA  and 0   closing below.   
                      
XLE leaders     :    HAL, OXY, HES, FANG                 
XLRE leaders     :    CCI, AMT, VNO, DLR                 
XLF leaders     :    SIVB, FRC, KEY, DFS                 
                      
Uptrend  XLRE, XLF, XLY, XLB, XLI, XLK, XLC                  
Sideways  XLE, XLP, XLV, XLU                   
Downtrend                      
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led           1,807    to               1,121  and  Nasdaq   Weakened   as  Advancers led            2,132    to            2,333       
                      
                      
NDX Leaders:                        
51 closing higher  and  50 closing Lower                
FISV : N/A ;  BIDU : +5.11% ;  LCID : +4.37%            
                      
DJIA Leaders:                        
21 closing higher  and  9 closing Lower                
GS : +1.98% ;  CVX : +1.97% ;  JPM : +1.97%            
                      
SP500 Leaders:                        
291 closing higher  and  206 closing Lower                
FISV : N/A ;  BDX : +5.71% ;  DISH : +4.30%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   79                   
LCID, PDD, JD, TSLA, LRCX, FANG, RIVN, PAYX, DDOG, GOOGL, CHTR, EBAY, BKR, COST, PYPL, CTSH, CMCSA, CSCO, PCAR, SGEN, ADP, ADBE, ATVI, NVDA, EXC, CTAS, ROST, WBA, AVGO, EA, MNST, FAST, MDLZ, AAPL, PEP, MSFT, HON, TMUS, ADSK, AMGN, ADI, ENPH, ORLY, KHC, VRSK, SBUX, CEG, IDXX, CSGP, XEL, TXN, MU, MAR, AEP, MRVL, QCOM, DLTR, ANSS, CDNS, LULU, KDP, SNPS, CRWD, ABNB, INTU, WDAY, META, MCHP, BKNG, NXPI, FTNT
                      
Stocks to watch on    Tuesday                   
                      
 Nasdaq100  xsing above30   = 5                  
  TSLA, LRCX, GOOGL, SGEN, ZS                  
                      
 Nasdaq100  xsing below30  = 9                  
  ZS, TEAM, AMZN, CPRT, DXCM, WBD, MRNA, GFS, ISRG                
                      
                      
MACD Crossover:                      
Up   1                   
TMUS                      
                      
Down   13                   
PCAR, EA, MSFT, ENPH, ZS, ANSS, LULU, SNPS, INTC, ODFL, ZM, GEHC, WBD                 
                      

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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)       ...