Monday, July 17, 2023

All indices up led by IWM. Technology and Financials led the move up. TLT a bit up!. Breath strengthened

 SPY Market Forecast   95.83 Bullish pointing up in the upper zone                 
   0.64   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:     IWM +1.07% ; QQQ +0.93% ; SPY +0.35% ; DIA +0.20%          
Down:                         
                      
  TLT +0.05% at 101.34                 
  VIX +1.12% at 13.49                 
                      
                      
Sectors                      
  5 sectors closed higher led by  XLK +1.28%  and  XLF +0.96%    Lower =  6         
  11           sectors closing above 30d. SMA  and 0   closing below.   
                      
XLK leaders     :    FISV, ENPH, ON                 
XLF leaders     :    SIVB, FRC, ACGL, PGR                 
XLY leaders     :    CMG, TSLA, BKNG, CCL                
                      
Uptrend  XLK, XLF, XLY, XLI, XLB, XLC, XLRE                  
Sideways  XLE, XLP, XLV, XLU                   
Downtrend                      
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led           1,660    to               1,291  and  Nasdaq   Strengthened  as  Advancers led            2,801    to            1,604       
                      
                      
NDX Leaders:                        
73 closing higher  and  28 closing Lower                
FISV : N/A ;  LCID : +4.93% ;  ZS : +4.39%            
                      
DJIA Leaders:                        
16 closing higher  and  14 closing Lower                
INTC : +3.68% ;  JPM : +2.41% ;  AAPL : +1.73%            
                      
SP500 Leaders:                        
271 closing higher  and  227 closing Lower                
FISV : N/A ;  FSLR : +8.06% ;  ENPH : +6.59%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   88                   
ENPH, LCID, ZS, SIRI, DDOG, INTC, PANW, ATVI, LRCX, NXPI, KLAC, TSLA, ZM, BKNG, IDXX, MCHP, AVGO, ADI, CRWD, PCAR, NVDA, GFS, AMD, WDAY, AMAT, PYPL, ADP, NFLX, MRVL, AAPL, FTNT, SNPS, CDNS, VRTX, EBAY, CSGP, CTAS, ODFL, INTU, TXN, ABNB, ADBE, CEG, COST, ANSS, MAR, HON, ALGN, BKR, LULU, TEAM, DLTR, ORLY, QCOM, EA, META, VRSK, GILD, CMCSA, AMGN, MSFT, PAYX, CPRT, DXCM, ASML, ISRG, FANG, KDP, CHTR, ADSK, SGEN
                      
Stocks to watch on    Tuesday                   
                      
 Nasdaq100  xsing above30   = 2                  
  ZS, AMD                   
                      
 Nasdaq100  xsing below30  = 3                  
  CSCO, MRNA, WBD                   
                      
                      
MACD Crossover:                      
Up   6                   
ZS, MELI, INTC, LRCX, KLAC, AVGO                    
                      
Down   4                   
CHTR, WBD, ROST, TMUS                     
                      
                      

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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)       ...