Wednesday, July 26, 2023

 SPY Market Forecast   91.1 Defensive pointing down in the upper zone                 
   0.7   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 +0.79% ; DIA +0.26% ; SPY +0.02% ;            
Down:              QQQ -0.33%          
                      
  TLT +0.10% at 101.27                 
  VIX -4.83% at 13.19                 
                      
                      
Sectors                      
  6 sectors closed higher led by  XLC +1.56%  and  XLI +0.70%    Lower =  4         
  11           sectors closing above 30d. SMA  and 0   closing below.   
                      
XLC leaders     :    GOOGL, GOOG, PARA, IPG                
XLI leaders     :    FBHS, UNP, BA, ODFL                 
XLF leaders     :    SIVB, FRC, ZION, KEY                 
                      
Uptrend  XLC, XLI, XLF, XLRE, XLY, XLB, XLK                  
Sideways  XLP, XLE, XLU, XLV                   
Downtrend                      
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led           1,845    to               1,052  and  Nasdaq   Strengthened  as  Advancers led            2,757    to            1,658       
                      
                      
NDX Leaders:                        
46 closing higher  and  55 closing Lower                
FISV : N/A ;  ODFL : +6.42% ;  GOOGL : +5.78%            
                      
DJIA Leaders:                        
19 closing higher  and  11 closing Lower                
BA : +8.72% ;  MMM : +2.56% ;  HD : +1.37%            
                      
SP500 Leaders:                        
264 closing higher  and  233 closing Lower                
FISV : N/A ;  UNP : +10.42% ;  BA : +8.72%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   75                   
RIVN, ODFL, GOOGL, GOOG, ADP, LCID, MU, ZM, CRWD, PAYX, JD, META, PDD, WDAY, ABNB, EBAY, ADSK, ZS, ROST, INTC, KDP, PYPL, DXCM, BKNG, WBA, AAPL, EXC, COST, MNST, XEL, ORLY, PEP, AEP, INTU, VRSK, CTAS, AMGN, ATVI, IDXX, CTSH, DLTR, FAST, CEG, MRVL, MELI, NVDA, KHC, EA, MAR, BKR, NXPI, HON, CSCO, FANG, TEAM, LULU, QCOM, CMCSA, TMUS, MDLZ, CHTR, SBUX, LRCX, FTNT, SNPS, ANSS, VRTX, PCAR, ADBE, ADI, AVGO
                      
Stocks to watch on    Thursday                   
                      
 Nasdaq100  xsing above30   = 1                  
  WBD                    
                      
 Nasdaq100  xsing below30  = 6                  
  CPRT, CDNS, GEHC, MSFT, TXN, CSGP                  
                      
                      
MACD Crossover:                      
Up   5                   
ODFL, CRWD, WDAY, ROST, INTC                    
                      
Down   12                   
GILD, EA, MAR, BKR, MRNA, CHTR, VRTX, BIIB, MSFT, DDOG, SIRI, TXN                  
                      

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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)       ...