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                  
                      
                      

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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)       ...