Tuesday, July 11, 2023

IWM led the move to the upside. Energy, Communications and Utilities led the sectors. Breath strengthened. ATVI (up 10%) led NDX

 SPY Market Forecast   89.52 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:     IWM +1.03% ; DIA +0.90% ; SPY +0.64% ; QQQ +0.49%          
Down:                         
                      
  TLT +0.51% at 99.72                 
  VIX -1.53% at 14.84                 
                      
                      
Sectors                      
  11 sectors closed higher led by  XLE +2.20%  and  XLC +1.74%    Lower =  0         
  9           sectors closing above 30d. SMA  and 2   closing below.   
                      
XLE leaders     :    APA, SLB, HAL, CTRA                 
XLC leaders     :    ATVI, EA, TTWO, PARA                
XLU leaders     :    AEP, PCG, DUK, EXC                 
                      
Uptrend  XLC, XLI, XLB, XLY, XLK                   
Sideways  XLE, XLU, XLF, XLRE, XLP, XLV                  
Downtrend                      
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led           2,274    to                   692  and  Nasdaq   Strengthened  as  Advancers led            2,869    to            1,571       
                      
                      
NDX Leaders:                        
71 closing higher  and  30 closing Lower                
ATVI : +10.02% ;  EA : +5.20% ;  ABNB : +4.43%            
                      
DJIA Leaders:                        
22 closing higher  and  8 closing Lower                
MMM : +4.87% ;  CRM : +3.93% ;  WBA : +2.62%            
                      
SP500 Leaders:                        
412 closing higher  and  85 closing Lower                
NWL : +11.02% ;  ATVI : +10.02% ;  ETSY : +9.18%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   75                   
ATVI, EA, ABNB, SIRI, DDOG, ZM, MRVL, WBD, LULU, EBAY, BKR, LCID, ADSK, FANG, CHTR, BKNG, AEP, PYPL, ALGN, DLTR, PCAR, EXC, INTC, ADBE, PAYX, META, CSCO, AMZN, ROST, TMUS, PANW, SBUX, ADP, ODFL, CEG, CTSH, GEHC, ORLY, CTAS, TEAM, FTNT, CRWD, NVDA, COST, AVGO, HON, CSX, DXCM, ANSS, CMCSA, CPRT, NXPI, CSGP, JD, FAST, MAR, TSLA, VRSK, ADI, INTU, GFS, AAPL, WDAY, NFLX, ISRG, TXN, AMGN, MCHP, VRTX, ENPH, CDNS
                      
Stocks to watch on    Wednesday                   
                      
 Nasdaq100  xsing above30   = 1                  
  ZM                    
                      
 Nasdaq100  xsing below30  = 6                  
  PEP, QCOM, KDP, LRCX, KLAC, AMAT                  
                      
                      
MACD Crossover:                      
Up   10                   
ATVI, ABNB, ZM, ADSK, META, SBUX, CEG, HON, DXCM, ANSS                  
                      
Down   1                   
AMD                      
                      

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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)       ...