Friday, July 14, 2023

SPY Market Forecast is bullish. SPY started up and finished low, while MACD and Stochastics histograms still closed in green.

 SPY Market Forecast   93.5 Bullish pointing up in the upper zone                 
   0.65   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:     DIA +0.36% ;                  
Down:        QQQ -0.02% ; SPY -0.06% ; IWM -0.98%          
                      
  TLT -0.59% at 101.29                 
  VIX -1.98% at 13.34                 
                      
                      
Sectors                      
  3 sectors closed higher led by  XLV +1.50%  and  XLP +0.34%    Lower =  7         
  11           sectors closing above 30d. SMA  and 0   closing below.   
                      
XLV leaders     :    ABMD, PKI, UNH                 
XLP leaders     :    HRL, COST, STZ, MNST                
XLY leaders     :    DHI, PHM, LEN, LVS                 
                      
Uptrend  XLY, XLRE, XLK, XLI, XLB, XLF, XLC                  
Sideways  XLV, XLP, XLU, XLE                   
Downtrend                      
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led              734    to               2,221  and  Nasdaq   Weakened   as  Decliners led            1,358    to            3,095       
                      
                      
NDX Leaders:                        
52 closing higher  and  49 closing Lower                
CPRT : +3.13% ;  DXCM : +2.49% ;  ABNB : +2.32%            
                      
DJIA Leaders:                        
11 closing higher  and  19 closing Lower                
UNH : +7.24% ;  MRK : +0.96% ;  KO : +0.91%            
                      
SP500 Leaders:                        
170 closing higher  and  328 closing Lower                
UNH : +7.24% ;  ELV : +5.05% ;  CI : +4.70%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   86                   
CPRT, DXCM, ABNB, ISRG, WDAY, COST, FAST, CTSH, TSLA, SNPS, BKNG, VRTX, ADP, VRSK, PANW, FTNT, EBAY, IDXX, MSFT, GOOGL, GOOG, CSGP, GILD, ATVI, TEAM, ORLY, INTU, GEHC, CDNS, KDP, EA, ASML, SGEN, CTAS, PEP, AMZN, PAYX, LULU, ODFL, ROST, AAPL, AMAT, LRCX, SBUX, GFS, DLTR, AEP, XEL, AMGN, PCAR, ALGN, AVGO, KLAC, CSX, CEG, EXC, PYPL, QCOM, ADBE, DDOG, TMUS, ANSS, CRWD, ZM, BKR, MAR, NVDA, ADSK, HON, TXN, CMCSA
                      
Stocks to watch on    Monday                   
                      
 Nasdaq100  xsing above30   = 1                  
  GILD                    
                      
 Nasdaq100  xsing below30  = 3                  
  CSCO, MRNA, WBD                   
                      
                      
MACD Crossover:                      
Up   7                   
CPRT, COST, VRTX, MNST, VRSK, MSFT, AZN                   
                      
Down   4                   
AVGO, HON, INTC, LCID                     
                      

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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)       ...