Monday, July 10, 2023

SPY Market Forecast pointing down in the upper reversal zone. All indices closed up led by IWM. Industrials and Healthcare led the sectors. Breath Strenghtened.

 SPY Market Forecast   90.29 Defensive pointing down in the upper zone                 
   0.69   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 Sideways                   
                      
Indices                      
UP:     IWM +1.71% ; DIA +0.64% ; SPY +0.25% ; QQQ +0.03%          
Down:                         
                      
  TLT +0.13% at 99.21                 
  VIX +1.62% at 15.07                 
                      
                      
Sectors                      
  7 sectors closed higher led by  XLI +1.42%  and  XLV +0.79%    Lower =  4         
  8           sectors closing above 30d. SMA  and 3   closing below.   
                      
XLI leaders     :    FBHS, CARR, SWK, GNRC                
XLV leaders     :    ABMD, PKI, IDXX                 
XLE leaders     :    XOM, EQT, FANG, MRO                
                      
Uptrend  XLI, XLY, XLK, XLB, XLC                   
Sideways  XLV, XLE, XLF, XLRE, XLP, XLU                  
Downtrend                      
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led           2,045    to                   898  and  Nasdaq   Strengthened  as  Advancers led            2,975    to            1,449       
                      
                      
NDX Leaders:                        
88 closing higher  and  13 closing Lower                
ZS : +7.75% ;  LCID : +6.44% ;  IDXX : +4.66%            
                      
DJIA Leaders:                        
23 closing higher  and  7 closing Lower                
INTC : +2.79% ;  AMGN : +2.78% ;  HD : +2.47%            
                      
SP500 Leaders:                        
367 closing higher  and  131 closing Lower                
WYNN : +5.69% ;  ENPH : +5.60% ;  MGM : +5.59%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   80                   
ZS, LCID, ENPH, IDXX, ALGN, FTNT, CRWD, ANSS, PYPL, AVGO, INTU, SIRI, DDOG, BKNG, SNPS, CDNS, TXN, RIVN, WBD, SBUX, EBAY, NXPI, ADI, DXCM, GFS, ADSK, ORLY, MAR, INTC, PCAR, AMGN, ISRG, PAYX, MCHP, KLAC, ADP, CEG, CPRT, TEAM, ADBE, HON, CTSH, ROST, MRVL, CTAS, VRTX, FAST, WDAY, LULU, LRCX, CSGP, GEHC, ODFL, FANG, META, ABNB, EA, QCOM, CMCSA, DLTR, CSX, VRSK, NFLX, CSCO, AMAT, PEP, JD, COST, BKR, ATVI, CHTR
                      
Stocks to watch on    Tuesday                   
                      
 Nasdaq100  xsing above30   = 22                  
  ZS, ENPH, CRWD, ANSS, SNPS, CDNS, TXN, SBUX, EBAY, ADSK, INTC, AMGN, KLAC, CPRT, TEAM, MRVL, CTAS, VRTX, LULU, LRCX, QCOM, PEP        
                      
 Nasdaq100  xsing below30  = 1                  
  MSFT                    
                      
                      
MACD Crossover:                      
Up   15                   
FTNT, CRWD, PYPL, MRNA, DDOG, BKNG, SNPS, TXN, EBAY, GFS, PCAR, WBA, CMCSA, JD, AMD               
                      
Down   0                   
                      
                      

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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)       ...