Friday, July 21, 2023

 SPY Market Forecast   92.72 Defensive pointing down in the upper zone                 
   0.67   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:        DIA -0.01% ; QQQ -0.30% ; IWM -0.32%          
                      
  TLT +0.03% at 101.73                 
  VIX -2.79% at 13.6                 
                      
                      
Sectors                      
  7 sectors closed higher led by  XLU +1.50%  and  XLV +1.01%    Lower =  4         
  11           sectors closing above 30d. SMA  and 0   closing below.   
                      
XLU leaders     :    SO, NEE, CMS, PPL                 
XLV leaders     :    ABMD, PKI, ZTS                 
XLE leaders     :    BKR, VLO, APA, DVN                 
                      
Uptrend  XLRE, XLY, XLB, XLK, XLF, XLI, XLC                  
Sideways  XLU, XLV, XLE, XLP                   
Downtrend                      
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led           1,462    to               1,459  and  Nasdaq   Weakened   as  Advancers led            2,028    to            2,314       
                      
                      
NDX Leaders:                        
68 closing higher  and  33 closing Lower                
FISV : N/A ;  ILMN : +3.43% ;  QCOM : +3.31%            
                      
DJIA Leaders:                        
19 closing higher  and  10 closing Lower                
INTC : +1.95% ;  MRK : +1.78% ;  PG : +1.57%            
                      
SP500 Leaders:                        
298 closing higher  and  196 closing Lower                
FISV : N/A ;  ZTS : +6.93% ;  DHR : +4.71%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   84                   
QCOM, TXN, ABNB, BKR, IDXX, INTC, SBUX, CRWD, MELI, MAR, ZM, CDNS, MCHP, MU, PDD, VRSK, MRNA, EXC, AEP, WDAY, ADI, JD, XEL, GEHC, AVGO, MNST, ENPH, GILD, FANG, ZS, WBA, AMGN, ADBE, NXPI, FTNT, TMUS, CSGP, SNPS, CSCO, FAST, KDP, PEP, ORLY, ANSS, HON, MRVL, LULU, ADP, BKNG, VRTX, COST, INTU, MDLZ, CTSH, CTAS, AMZN, DDOG, DXCM, PYPL, EA, CPRT, ROST, DLTR, KHC, CHTR, CEG, PAYX, ATVI, ADSK, AAPL, TEAM
                      
Stocks to watch on    Monday                   
                      
 Nasdaq100  xsing above30   = 6                  
  INTC, CRWD, MU, ADI, ZS, WBA                  
                      
 Nasdaq100  xsing below30  = 2                  
  NFLX, CSX                   
                      
                      
MACD Crossover:                      
Up   0                   
                      
                      
Down   8                   
GOOGL, GOOG, ADBE, MRVL, ROST, ADSK, TEAM, NVDA                   
                      
                      

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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)       ...