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                      
                      
                      

No comments:

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)       ...