Monday, September 11, 2023

MFC SPY still pointing down. Breath strengthened. TSLA moved 10% to the upside leading XLY

 SPY Market Forecast   52.98 Bearish pointing down in the middle zone                 
   0.9   PCALL - 10 day SMA (0.75 - 1.00)               
                      
SPY INTERMEDIATE TERM:  UP- Price  above 30 &10 Wk SMA                
  6-months UP                   
  10-days UP                   
  3-days UP                   
                      
Indices                      
UP:     QQQ +1.18% ; SPY +0.66% ; DIA +0.25% ; IWM +0.24%          
Down:                         
                      
  TLT -0.72% at 93.69                 
  VIX -0.29% at 13.8                 
                      
                      
Sectors                      
  10 sectors closed higher led by  XLY +2.69%  and  XLC +1.51%    Lower =  1         
  4           sectors closing above 30d. SMA  and 7   closing below.   
                      
XLY leaders     :    TSLA, AMZN, GRMN, NCLH                
XLC leaders     :    META, CHTR, WBD, LYV                
XLP leaders     :    MDLZ, KHC, TAP, PEP                 
                      
Uptrend  XLY, XLC, XLK, XLE                   
Sideways  XLP, XLV, XLF, XLB, XLI                   
Downtrend  XLU, XLRE                   
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led           1,573    to               1,304  and  Nasdaq   Strengthened  as  Advancers led            2,268    to            2,029       
                      
                      
NDX Leaders:                        
70 closing higher  and  29 closing Lower                
TSLA : +10.09% ;  DDOG : +4.32% ;  QCOM : +3.90%            
                      
DJIA Leaders:                        
19 closing higher  and  11 closing Lower                
MMM : +1.55% ;  INTC : +1.53% ;  VZ : +1.46%            
                      
SP500 Leaders:                        
296 closing higher  and  200 closing Lower                
TSLA : +10.09% ;  CVS : +4.42% ;  QCOM : +3.90%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   53                   
TSLA, DDOG, TEAM, AMZN, META, CHTR, TTD, ZS, CRWD, CDNS, PDD, TMUS, SGEN, PANW, GFS, FTNT, INTC, COST, BKNG, CEG, ODFL, MSFT, ABNB, AMGN, PCAR, ADBE, CPRT, EA, WDAY, SNPS, NFLX, CTAS, GOOGL, GOOG, REGN, CSCO, LULU, VRSK, ANSS, EXC, CTSH, ON, CSGP, ADSK, MU, INTU, MELI, ZM, BKR, MAR, ROST, ORLY, FANG
                      
Stocks to watch on    Tuesday                   
                      
 Nasdaq100  xsing above30   = 3                  
  META, PCAR, EA                   
                      
 Nasdaq100  xsing below30  = 2                  
  AMAT, KLAC                   
                      
                      
MACD Crossover:                      
Up   5                   
MDLZ, GILD, BKNG, CEG, CSX                     
                      
Down   3                   
KLAC, JD, FANG                      

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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)       ...