Wednesday, September 13, 2023

 SPY Market Forecast   52.17 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 DOWN                   
  3-days SIDEWAYS                   
                      
Indices                      
UP:     QQQ +0.38% ; SPY +0.12% ;               
Down:           DIA -0.19% ; IWM -0.66%          
                      
  TLT -0.02% at 94.21                 
  VIX -5.27% at 13.48                 
                      
                      
Sectors                      
  6 sectors closed higher led by  XLU +1.20%  and  XLY +0.79%    Lower =  4         
  6           sectors closing above 30d. SMA  and 5   closing below.   
                      
XLU leaders     :    DTE, AEP, DUK, AEE                 
XLY leaders     :    AMZN, F, TSLA, AAP                 
XLC leaders     :    DISH, META, T, GOOG                 
                      
Uptrend  XLY, XLC, XLK, XLE                   
Sideways  XLP, XLV, XLF, XLB, XLI                   
Downtrend  XLU, XLRE                   
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led           1,134    to               1,744  and  Nasdaq   Weakened   as  Decliners led            1,632    to            2,645       
                      
                      
NDX Leaders:                        
54 closing higher  and  46 closing Lower                
MRNA : +3.18% ;  SNPS : +2.75% ;  AMZN : +2.56%            
                      
DJIA Leaders:                        
14 closing higher  and  16 closing Lower                
MSFT : +1.29% ;  HON : +1.26% ;  GS : +1.23%            
                      
SP500 Leaders:                        
201 closing higher  and  297 closing Lower                
DVA : +4.09% ;  JBHT : +4.09% ;  CRL : +3.30%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   50                   
MRNA, SNPS, AMZN, ADBE, CDNS, TSLA, EXC, MSFT, HON, META, GOOG, GOOGL, TMUS, CTSH, MU, CEG, CHTR, CTAS, VRSK, ISRG, PANW, LULU, ADSK, EA, CPRT, COST, PYPL, ON, MELI, CSCO, FANG, INTC, ANSS, GFS, TTD, ZM, PDD, SGEN, CRWD, INTU, DDOG, REGN, WDAY, TEAM, ZS, AMGN, FTNT, ODFL, ABNB, BKR
                      
Stocks to watch on    Thursday                   
                      
 Nasdaq100  xsing above30   = 8                  
  MRNA, AEP, CTSH, EBAY, ISRG, EA, CPRT, ON                 
                      
 Nasdaq100  xsing below30  = 5                  
  CSGP, ROST, BKNG, PCAR, NFLX                  
                      
                      
MACD Crossover:                      
Up   1                   
SNPS                      
                      
Down   10                   
LULU, ANSS, ZM, PDD, INTU, CSGP, WDAY, BKNG, BKR, NFLX                   
                      
                      

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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)       ...