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                 
                       

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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)       ...