Wednesday, August 16, 2023

 SPY Market Forecast   36.03 Bearish pointing down in the middle zone                 
   0.89   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 DOWN                   
                      
Indices                      
UP:                         
Down:     DIA -0.53% ; SPY -0.73% ; QQQ -1.06% ; IWM -1.22%          
                      
  TLT -0.78% at 93.84                 
  VIX +1.94% at 16.78                 
                      
                      
Sectors                      
  1 sectors closed higher led by  XLU +0.44%  and  XLF -0.15%    Lower =  10         
  2           sectors closing above 30d. SMA  and 9   closing below.   
                      
XLU leaders     :    PEG, ED, CMS, ETR                 
XLF leaders     :    SIVB, FRC, PGR, MKTX                 
XLP leaders     :    SYY, KDP, MNST, COST                
                      
Uptrend  XLF, XLI, XLB, XLE, XLK, XLC, XLY                  
Sideways  XLU, XLP, XLV, XLRE                   
Downtrend                      
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led              760    to               2,147  and  Nasdaq   Weakened   as  Decliners led            1,221    to            3,147       
                      
                      
NDX Leaders:                        
16 closing higher  and  85 closing Lower                
MRNA : +2.60% ;  DDOG : +2.35% ;  KDP : +1.14%            
                      
DJIA Leaders:                        
6 closing higher  and  24 closing Lower                
TRV : +1.16% ;  HD : +0.27% ;  MRK : +0.06%            
                      
SP500 Leaders:                        
109 closing higher  and  391 closing Lower                
PGR : +8.87% ;  MKTX : +5.49% ;  ALL : +4.44%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   30                   
KDP, ROST, AZN, VRSK, MAR, MNST, COST, ADP, ORLY, BKNG, WDAY, CTSH, CHTR, INTU, FANG, AMGN, LULU, ODFL, ALGN, CSCO, GOOGL, GOOG, REGN, CEG, CMCSA, WBD, AMZN, GILD, MELI, TEAM     
                      
Stocks to watch on    Thursday                   
                      
 Nasdaq100  xsing above30   = 0                  
                      
                      
 Nasdaq100  xsing below30  = 7                  
  BKR, SGEN, ADBE, PAYX, KLAC, ADSK, INTC                 
                      
                      
MACD Crossover:                      
Up   1                   
ROST                      
                      
Down   8                   
LULU, CPRT, CSCO, EBAY, VRTX, AMZN, GILD, TEAM                   
                      

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