SPY Market Forecast 63.21 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 DOWN
Indices
UP:
Down:
SPY -0.43% ; DIA -0.45% ; IWM -0.63% ; QQQ -0.85%
TLT +1.16% at 96.69
VIX +1.40% at 15.99
Sectors
3 sectors closed higher led by XLV +0.77% and XLE
+0.49% Lower = 8
6 sectors closing above 30d. SMA and
5 closing below.
XLV leaders : ABMD, PKI, LLY
XLE leaders : APA,
EQT, VLO, MPC
XLU leaders : DUK,
SO, EIX, CEG
Uptrend XLE, XLC, XLI, XLK, XLY, XLF, XLB
Sideways XLV, XLU, XLRE, XLP
Downtrend
Breath:
NYSE Weakened as Decliners
led 1,086 to 1,810 and Nasdaq Weakened
as Decliners
led 1,698 to 2,613
NDX Leaders:
22 closing higher and 79 closing Lower
LCID : +12.17% ; AMGN : +3.11% ; GFS : +1.66%
DJIA Leaders:
10 closing higher and 20 closing Lower
AMGN : +3.11% ; DIS : +1.50% ; AAPL : +0.53%
SP500 Leaders:
152 closing higher and 348 closing Lower
LLY : +14.87% ; OGN : +9.04% ; BR : +6.45%
NASDAQ 100
Nasdaq Above 30MA = 50
LCID, AMGN, TEAM, CEG, PCAR, MAR, AZN,
REGN, SGEN, FANG, BKR, CSCO, CHTR, ODFL, GOOG, GOOGL, CMCSA, ROST, WBD, COST,
VRSK, LULU, BKNG, NFLX, TTD, INTC, GILD, NXPI, INTU, PAYX, ALGN, ADP, SBUX,
KDP, MDLZ, META, LRCX, CTSH, KLAC, AMAT, AMZN, NVDA, ADBE, MNST, ON, PDD, JD,
MELI, MU, WDAY
Stocks to watch on Wednesday
Nasdaq100 xsing above30 = 3
LCID, PCAR, SGEN
Nasdaq100 xsing below30 = 11
ILMN, WBA, PEP, AVGO, SNPS, DLTR,
MRVL, ABNB, AMD, CRWD, DDOG
MACD Crossover:
Up 0
Down 5
CMCSA, KDP, MDLZ, LRCX, MU
0.8 PCALL - 10 day SMA (0.75 - 1.00)
SPY INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA
Indices
TLT +1.16% at 96.69
Sectors
XLV leaders : ABMD, PKI, LLY
Uptrend XLE, XLC, XLI, XLK, XLY, XLF, XLB
Breath:
NDX Leaders:
DJIA Leaders:
SP500 Leaders:
NASDAQ 100
Nasdaq Above 30MA = 50
Nasdaq100 xsing above30 = 3
Nasdaq100 xsing below30 = 11
MACD Crossover:
Down 5
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