SPY Market Forecast 44.03 Bearish pointing down in the middle zone
0.87 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 -1.02% ; QQQ -1.05% ; SPY -1.16% ; IWM -1.32%
TLT -0.60% at 94.59
VIX +10.80% at 16.42
Sectors
0 sectors closed higher led by XLV -0.37% and XLC
-0.89% Lower = 11
3 sectors closing above 30d. SMA and
8 closing below.
XLV leaders : ABMD, PKI, AMGN
XLC leaders : PARA,
MTCH, CMCSA, FOXA
XLK leaders : ZBRA,
ORCL, ANET
Uptrend XLC, XLK, XLI, XLY, XLB, XLF, XLE
Sideways XLV, XLRE, XLP, XLU
Downtrend
Breath:
NYSE Weakened as Decliners
led 478 to 2,446 and Nasdaq Weakened
as Decliners
led 1,209 to 3,124
NDX Leaders:
13 closing higher and 88 closing Lower
AMGN : +1.93% ; WDAY : +1.22% ; CMCSA : +1.01%
DJIA Leaders:
2 closing higher and 28 closing Lower
AMGN : +1.93% ; HD : +0.66% ; IBM : -0.03%
SP500 Leaders:
43 closing higher and 458 closing Lower
PARA : +2.95% ; DHI : +2.89% ; AMGN : +1.93%
NASDAQ 100
Nasdaq Above 30MA = 36
AMGN, WDAY, CMCSA, ORLY, CHTR, ALGN,
ROST, GILD, REGN, ADP, MAR, LULU, COST, BKR, ADBE, CEG, KDP, MELI, WBD, ADSK,
CSCO, VRSK, FANG, BKNG, PAYX, GOOGL, GOOG, MNST, KLAC, ODFL, INTU, AZN, AMZN,
CTSH, INTC, TEAM
Stocks to watch on Wednesday
Nasdaq100 xsing above30 = 1
ORLY
Nasdaq100 xsing below30 = 8
TMUS, SBUX, PCAR, META, LRCX, CRWD,
PDD, MU
MACD Crossover:
Up 3
VRTX, CPRT, ENPH
Down 4
MELI, WBD, AZN, CTSH
0.87 PCALL - 10 day SMA (0.75 - 1.00)
SPY INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA
Indices
TLT -0.60% at 94.59
Sectors
XLV leaders : ABMD, PKI, AMGN
Uptrend XLC, XLK, XLI, XLY, XLB, XLF, XLE
Breath:
NDX Leaders:
DJIA Leaders:
SP500 Leaders:
NASDAQ 100
Nasdaq Above 30MA = 36
Stocks to watch on Wednesday
Nasdaq100 xsing above30 = 1
Nasdaq100 xsing below30 = 8
MACD Crossover:
Down 4
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