Tuesday, July 18, 2023

Technology and Financials led the bullish move. MSFT up just under 4%

 SPY Market Forecast   96.55 Bullish pointing up 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 +1.23% ; DIA +1.08% ; QQQ +0.82% ; SPY +0.74%          
Down:                         
                      
  TLT +0.45% at 101.8                 
  VIX -1.34% at 13.3                 
                      
                      
Sectors                      
  8 sectors closed higher led by  XLK +1.13%  and  XLF +1.13%    Lower =  3         
  10           sectors closing above 30d. SMA  and 1   closing below.   
                      
XLK leaders     :    FISV, MSFT, FIS                 
XLF leaders     :    SIVB, FRC, SCHW, MS                 
XLE leaders     :    APA, CTRA, MRO, EOG                
                      
Uptrend  XLK, XLF, XLB, XLC, XLI, XLY, XLRE                  
Sideways  XLE, XLV, XLP, XLU                   
Downtrend                      
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led           2,096    to                   844  and  Nasdaq   Strengthened  as  Advancers led            2,775    to            1,687       
                      
                      
NDX Leaders:                        
57 closing higher  and  43 closing Lower                
FISV : N/A ;  SIRI : +7.09% ;  NFLX : +5.50%            
                      
DJIA Leaders:                        
21 closing higher  and  9 closing Lower                
MSFT : +3.98% ;  UNH : +3.29% ;  GS : +3.08%            
                      
SP500 Leaders:                        
317 closing higher  and  179 closing Lower                
FISV : N/A ;  SCHW : +12.57% ;  CZR : +7.39%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   87                   
SIRI, NFLX, MSFT, TEAM, WBD, CHTR, RIVN, ODFL, MELI, FANG, NVDA, PCAR, AMGN, ZS, ADBE, MRVL, NXPI, EBAY, ADSK, CSX, GEHC, ROST, MCHP, MAR, PYPL, BKR, BKNG, CTSH, TSLA, PAYX, GILD, INTU, ADP, DDOG, CSCO, CMCSA, ABNB, CSGP, META, LULU, EA, SNPS, INTC, DXCM, ASML, ANSS, TMUS, ISRG, VRTX, TXN, CRWD, LCID, COST, ADI, WDAY, CTAS, FTNT, CDNS, DLTR, KDP, SBUX, AAPL, CPRT, AMD, VRSK, QCOM, ATVI, AMZN, LRCX, SGEN, ORLY
                      
Stocks to watch on    Wednesday                   
                      
 Nasdaq100  xsing above30   = 3                  
  WBD, MELI, CSCO                   
                      
 Nasdaq100  xsing below30  = 4                  
  XEL, PEP, FAST, JD                   
                      
                      
MACD Crossover:                      
Up   7                   
NFLX, CHTR, ODFL, TSLA, MDLZ, WDAY, AMAT                   
                      
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)       ...