SPY Market Forecast 25.63 Bearish pointing down in the middle zone
0.94 PCALL - 10 day SMA (0.75 - 1.00)
SPY INTERMEDIATE TERM: Sideways- Price in between 30 &10 Wk SMA
6-months UP
10-days DOWN
3-days DOWN
Indices
UP:
QQQ +0.01% ;
Down:
SPY -0.22% ; IWM -0.23% ; DIA -0.29%
TLT +0.80% at 91.43
VIX -1.94% at 17.2
Sectors
2 sectors closed higher led by XLK +0.21% and XLE
+0.17% Lower = 9
0 sectors closing above 30d. SMA and
11 closing below.
XLK leaders : ON, AVGO, IT
XLE leaders : TRGP,
MRO, BKR, CVX
XLB leaders : PPG,
NUE, CF, NEM
Uptrend XLE
Sideways XLK, XLC, XLF, XLY
Downtrend XLB, XLU, XLV, XLI, XLP, XLRE
Breath:
NYSE Weakened as Decliners
led 1,370 to 1,508 and Nasdaq Weakened
as Decliners
led 1,833 to 2,442
NDX Leaders:
53 closing higher and 48 closing Lower
PDD : +4.08% ; SGEN : +3.54% ; ON : +3.17%
DJIA Leaders:
8 closing higher and 22 closing Lower
UNH : +0.99% ; CVX : +0.66% ; AAPL : +0.49%
SP500 Leaders:
173 closing higher and 325 closing Lower
ON : +3.17% ; AVGO : +2.56% ; FDS : +2.12%
NASDAQ 100
Nasdaq Above 30MA = 22
PDD, SGEN, ZS, MU, PCAR, META, LULU,
COST, XEL, CSX, VRSK, CEG, CTAS, CRWD, CHTR, TMUS, AMGN, GFS, HON, AEP, KHC,
VRTX
Stocks to watch on Monday
Nasdaq100 xsing above30 = 4
ZS, PCAR, META, LULU
Nasdaq100 xsing below30 = 3
EXC, EBAY, TSLA
MACD Crossover:
Up 1
SGEN
Down 5
COST, MDLZ, TMUS, KDP, EBAY
0.94 PCALL - 10 day SMA (0.75 - 1.00)
SPY INTERMEDIATE TERM: Sideways- Price in between 30 &10 Wk SMA
Indices
TLT +0.80% at 91.43
Sectors
XLK leaders : ON, AVGO, IT
Uptrend XLE
Breath:
NDX Leaders:
DJIA Leaders:
SP500 Leaders:
NASDAQ 100
Nasdaq Above 30MA = 22
Stocks to watch on Monday
Nasdaq100 xsing above30 = 4
Nasdaq100 xsing below30 = 3
MACD Crossover:
Down 5