Wednesday, July 19, 2023

 SPY Market Forecast   96.63 Bullish pointing up 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 UP                   
                      
Indices                      
UP:     IWM +0.42% ; DIA +0.32% ; SPY +0.22% ;            
Down:              QQQ -0.02%          
                      
  TLT +1.13% at 102.95                 
  VIX +3.46% at 13.76                 
                      
                      
Sectors                      
  8 sectors closed higher led by  XLRE +1.10%  and  XLU +1.02%    Lower =  3         
  11           sectors closing above 30d. SMA  and 0   closing below.   
                      
XLRE leaders     :    VNO, BXP, DLR, SBAC                 
XLU leaders     :    NRG, PPL, ETR, CMS                 
XLP leaders     :    STZ, CPB, SYY, BF/B                 
                      
Uptrend  XLRE, XLF, XLY, XLC, XLI, XLK, XLB                  
Sideways  XLU, XLP, XLE, XLV                   
Downtrend                      
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led           1,916    to               1,015  and  Nasdaq   Strengthened  as  Advancers led            2,544    to            1,906       
                      
                      
NDX Leaders:                        
50 closing higher  and  51 closing Lower                
FISV : N/A ;  ZS : +4.02% ;  SIRI : +3.78%            
                      
DJIA Leaders:                        
20 closing higher  and  9 closing Lower                
VZ : +5.27% ;  CRM : +2.96% ;  CSCO : +2.32%            
                      
SP500 Leaders:                        
327 closing higher  and  170 closing Lower                
FISV : N/A ;  NTRS : +13.36% ;  T : +8.48%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   90                   
ZS, WBD, SIRI, CRWD, LCID, CSCO, ZM, MRNA, EBAY, AMZN, KHC, MDLZ, WDAY, MELI, LULU, DLTR, QCOM, META, DDOG, SBUX, KDP, INTU, PEP, GILD, PAYX, FAST, ADSK, AEP, ENPH, AAPL, CMCSA, ROST, XEL, ADP, TEAM, NFLX, RIVN, EXC, BKR, CSGP, CHTR, ODFL, CSX, ORLY, COST, CTAS, FANG, IDXX, TXN, HON, ANSS, VRTX, CTSH, INTC, MRVL, PYPL, AMGN, AVGO, VRSK, ADI, PCAR, PDD, ATVI, TMUS, CDNS, CEG, ABNB, TSLA, GEHC, NVDA, PANW
                      
Stocks to watch on    Thursday                   
                      
 Nasdaq100  xsing above30   = 6                  
  MRNA, KHC, MDLZ, PEP, FAST, XEL                  
                      
 Nasdaq100  xsing below30  = 3                  
  SGEN, AMD, ASML                   
                      
                      
MACD Crossover:                      
Up   5                   
WBD, CSCO, AAPL, ROST, CSGP                     
                      
Down   6                   
AEP, RIVN, EXC, ORLY, AMAT, ALGN                    
                      

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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)       ...