Tuesday, August 15, 2023

 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                      
                      

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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)       ...