Monday, August 07, 2023

MFC is moving down with bearish sentiment. All indices up. Breath strengthened.

 SPY Market Forecast   68.69 Bearish pointing down in the middle zone                 
   0.8   PCALL - 10 day SMA (0.75 - 1.00)               
                      
SPY INTERMEDIATE TERM:  Uptrend- Price above 30 &10 Wk SMA                 
  6-months UP                   
  10-days DOWN                   
  3-days SIDEWAYS                   
                      
Indices                      
UP:     DIA +1.13% ; SPY +0.87% ; QQQ +0.85% ; IWM +0.07%          
Down:                         
                      
  TLT -0.98% at 95.58                 
  VIX -7.54% at 15.81                 
                      
                      
Sectors                      
  10 sectors closed higher led by  XLC +1.55%  and  XLF +1.37%    Lower =  1         
  8           sectors closing above 30d. SMA  and 3   closing below.   
                      
XLC leaders     :    LUMN, WBD, PARA, GOOGL                
XLF leaders     :    SIVB, FRC, BRK/B, LNC                
XLRE leaders     :    EXR, VNO, PK, WELL                 
                      
Uptrend  XLC, XLF, XLI, XLY, XLB, XLK, XLE                  
Sideways  XLRE, XLV, XLP, XLU                   
Downtrend                      
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led           1,850    to               1,071  and  Nasdaq   Weakened   as  Advancers led            2,137    to            2,278       
                      
                      
NDX Leaders:                        
77 closing higher  and  24 closing Lower                
MNST : +6.13% ;  BKNG : +5.87% ;  MELI : +4.83%            
                      
DJIA Leaders:                        
27 closing higher  and  3 closing Lower                
AMGN : +3.97% ;  BA : +2.98% ;  JNJ : +2.40%            
                      
SP500 Leaders:                        
403 closing higher  and  97 closing Lower                
MNST : +6.13% ;  BKNG : +5.87% ;  CCL : +5.13%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   57                   
MNST, BKNG, MELI, AMGN, WBD, AMAT, GOOGL, GOOG, GILD, NXPI, ABNB, LRCX, NFLX, ADP, KLAC, AMZN, META, AVGO, PAYX, INTU, NVDA, VRSK, WDAY, MRVL, CMCSA, ON, PEP, COST, LULU, TTD, REGN, SBUX, AMD, MAR, ROST, AZN, CSCO, KDP, SNPS, ODFL, ADBE, CTSH, MDLZ, CRWD, INTC, BKR, CHTR, WBA, FANG, ALGN, CEG, DLTR, JD, MU, DDOG, PDD, TEAM
                      
Stocks to watch on    Tuesday                   
                      
 Nasdaq100  xsing above30   = 6                  
  MNST, NFLX, PEP, SNPS, WBA, ILMN                  
                      
 Nasdaq100  xsing below30  = 0                  
                      
                      
                      
MACD Crossover:                      
Up   3                   
BKNG, GILD, NFLX                      
                      
Down   3                   
FANG, ILMN, PDD                      
                      

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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)       ...