Friday, September 22, 2023

 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                     
                      

Friday, September 15, 2023

SPY intermediate term is sideways with Market Forecast bullish. All Indices and Sectors closed lower. Breath weakened.

SPY Market Forecast   60.56 Bullish pointing up in the middle zone                 
   0.93   PCALL - 10 day SMA (0.75 - 1.00)               
                      
SPY INTERMEDIATE TERM:  Sideways- Price in between 30 &10 Wk SMA                
  6-months UP                   
  10-days SIDEWAYS                   
  3-days DOWN                   
                      
Indices                      
UP:                         
Down:     DIA -0.82% ; IWM -1.05% ; SPY -1.20% ; QQQ -1.71%          
                      
  TLT -0.61% at 92.96                 
  VIX +7.57% at 13.79                 
                      
                      
Sectors                      
  0 sectors closed higher led by  XLRE -0.38%  and  XLU -0.43%    Lower =  11         
  6           sectors closing above 30d. SMA  and 5   closing below.   
                      
XLRE leaders     :    HST, EXR, PK, VTR                 
XLU leaders     :    DTE, PCG, CNP, SO                 
XLF leaders     :    SIVB, FRC, SBNY, COF                 
                      
Uptrend  XLC, XLE, XLY, XLK                   
Sideways  XLF, XLI, XLV, XLP, XLB                   
Downtrend  XLRE, XLU                   
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led              966    to               1,908  and  Nasdaq   Weakened   as  Decliners led            1,497    to            2,816       
                      
                      
NDX Leaders:                        
12 closing higher  and  89 closing Lower                
MRNA : +1.58% ;  MELI : +0.96% ;  WBD : +0.94%            
                      
DJIA Leaders:                        
3 closing higher  and  27 closing Lower                
DIS : +1.30% ;  AXP : +1.22% ;  UNH : +0.64%            
                      
SP500 Leaders:                        
92 closing higher  and  407 closing Lower                
LUV : +2.59% ;  COF : +2.15% ;  HST : +2.09%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   52                   
MRNA, MELI, SGEN, EBAY, PDD, ROST, LULU, VRTX, HON, CHTR, PYPL, EXC, GOOG, GOOGL, CSCO, TSLA, AMGN, MDLZ, CSX, ZM, AEP, PCAR, PEP, QCOM, TMUS, ABNB, REGN, VRSK, BKNG, FANG, BKR, COST, ADSK, CTAS, WDAY, INTU, ZS, INTC, CEG, ANSS, PANW, TTD, MSFT, MU, AMZN, TEAM, SNPS, CRWD, FTNT, CDNS, META, GFS
                      
Stocks to watch on    Monday                   
                      
 Nasdaq100  xsing above30   = 0                  
                      
                      
 Nasdaq100  xsing below30  = 14                  
  MAR, KHC, KDP, ORLY, CTSH, XEL, CMCSA, EA, CPRT, AVGO, ISRG, DDOG, NVDA, ADBE             
                      
                      
MACD Crossover:                      
Up   3                   
MRNA, AZN, GEHC                      
                      
Down   12                   
GOOG, MNST, ZS, ANSS, PANW, MRVL, ISRG, MCHP, DDOG, TEAM, SNPS, AMD                 
                       

Thursday, September 14, 2023

SPY Market Forecast intermediate line is bullish. All sectors up let by IWM. All sectors closed higher led by Real Estate (XLRE)

 SPY Market Forecast   60 Bullish pointing up in the middle zone                 
   0.92   PCALL - 10 day SMA (0.75 - 1.00)               
                      
SPY INTERMEDIATE TERM:  Sideways- Price in between 30 &10 Wk SMA                
  6-months UP                   
  10-days UP                   
  3-days UP                   
                      
Indices                      
UP:     IWM +1.41% ; DIA +0.98% ; SPY +0.86% ; QQQ +0.82%          
Down:                         
                      
  TLT -0.72% at 93.53                 
  VIX -4.90% at 12.82                 
                      
                      
Sectors                      
  11 sectors closed higher led by  XLRE +1.82%  and  XLU +1.46%    Lower =  0         
  8           sectors closing above 30d. SMA  and 3   closing below.   
                      
XLRE leaders     :    BXP, VTR, SBAC, ARE                 
XLU leaders     :    CEG, SRE, FE, SO                 
XLB leaders     :    MOS, CF, CE, AMCR                 
                      
Uptrend  XLC, XLE, XLY, XLK                   
Sideways  XLB, XLP, XLI, XLF, XLV                   
Downtrend  XLRE, XLU                   
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led           2,284    to                   630  and  Nasdaq   Strengthened  as  Advancers led            2,912    to            1,431       
                      
                      
NDX Leaders:                        
81 closing higher  and  20 closing Lower                
SIRI : +4.10% ;  MRNA : +3.89% ;  ALGN : +3.24%            
                      
DJIA Leaders:                        
26 closing higher  and  4 closing Lower                
GS : +2.86% ;  WBA : +2.65% ;  CAT : +2.41%            
                      
SP500 Leaders:                        
430 closing higher  and  67 closing Lower                
NCLH : +5.69% ;  MOS : +4.44% ;  LNC : +4.26%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   66                   
MRNA, PCAR, CEG, BKNG, PYPL, ZM, CHTR, AVGO, META, ANSS, ADSK, MAR, AMGN, CSX, KHC, TSLA, EXC, CMCSA, CTAS, KDP, AEP, GFS, MDLZ, ORLY, EBAY, FANG, CRWD, MU, QCOM, CPRT, BKR, VRSK, TMUS, EA, GOOG, INTU, HON, GOOGL, XEL, COST, PEP, ROST, PDD, MSFT, FTNT, VRTX, REGN, CDNS, ZS, CTSH, ISRG, SGEN, TEAM, NVDA, CSCO, TTD, DDOG, WDAY, LULU, AMZN, INTC, SNPS, PANW, ADBE, ABNB, MELI
                      
Stocks to watch on    Friday                   
                      
 Nasdaq100  xsing above30   = 16                  
  PCAR, BKNG, AVGO, MAR, CSX, KHC, CMCSA, KDP, MDLZ, ORLY, QCOM, XEL, PEP, ROST, VRTX, NVDA            
                      
 Nasdaq100  xsing below30  = 2                  
  ON, ODFL                   
                      
                      
MACD Crossover:                      
Up   0                   
                      
                      
Down   2                   
ON, MELI                      
                      
                      

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)       ...