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                    
                       

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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)       ...