Friday, October 27, 2023

 SPY Market Forecast   6.67 Bullish pointing up in the lower zone                 
   1.02   PCALL - 10 day SMA (0.75 - 1.00)               
                      
SPY INTERMEDIATE TERM:  Downtrend- Price below 30 &10 Wk SMA                  
  6-months SIDEWAYS                   
  10-days DOWN                   
  3-days DOWN                   
                      
Indices                      
UP:     QQQ +0.48% ;                  
Down:        SPY -0.45% ; DIA -1.11% ; IWM -1.18%          
                      
  TLT -0.42% at 84.37                 
  VIX +2.85% at 21.27                 
                      
                      
Sectors                      
  2 sectors closed higher led by  XLY +1.05%  and  XLK +0.58%    Lower =  9         
  0           sectors closing above 30d. SMA  and 11   closing below.   
                      
XLY leaders     :    AMZN, CMG, CZR, TSLA                
XLK leaders     :    INTC, JNPR, ANET                 
XLB leaders     :    NEM, EMN, IFF, IP                 
                      
Uptrend  XLE                    
Sideways  XLC                    
Downtrend  XLY, XLK, XLB, XLI, XLP, XLRE, XLV, XLF, XLU                 
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led              747    to               2,128  and  Nasdaq   Weakened   as  Decliners led            1,393    to            2,872       
                      
                      
NDX Leaders:                        
37 closing higher  and  64 closing Lower                
DXCM : +10.11% ;  INTC : +9.29% ;  AMZN : +6.83%            
                      
DJIA Leaders:                        
8 closing higher  and  22 closing Lower                
INTC : +9.29% ;  AAPL : +0.80% ;  MSFT : +0.59%            
                      
SP500 Leaders:                        
88 closing higher  and  411 closing Lower                
DXCM : +10.11% ;  INTC : +9.29% ;  COF : +9.19%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   13                   
DXCM, INTC, PDD, FAST, MSFT, ORLY, LULU, SGEN, DLTR, FANG, NFLX, GILD, XEL                 
                      
Stocks to watch on    Monday                   
                      
 Nasdaq100  xsing above30   = 2                  
  DXCM, INTC                   
                      
 Nasdaq100  xsing below30  = 5                  
  AEP, ROST, VRTX, CEG, TMUS                  
                      
                      
MACD Crossover:                      
Up   2                   
ORLY, BKR                      
                      
Down   3                   
MSFT, SBUX, XEL                      
                      

Wednesday, October 25, 2023

SPY continues breaking areas of support. Market Forecast MFC is bearish. All sectors below 30ds SMA. NYSE and Nasdaq continue weakening.

 SPY Market Forecast   10.12 Bearish pointing down in the lower zone                 
   0.99   PCALL - 10 day SMA (0.75 - 1.00)               
                      
SPY INTERMEDIATE TERM:  Downtrend- Price below 30 &10 Wk SMA                  
  6-months SIDEWAYS                   
  10-days DOWN                   
  3-days DOWN                   
                      
Indices                      
UP:                         
Down:     DIA -0.33% ; SPY -1.44% ; IWM -1.65% ; QQQ -2.45%          
                      
  TLT -2.23% at 83.45                 
  VIX +6.43% at 20.19                 
                      
                      
Sectors                      
  2 sectors closed higher led by  XLU +0.56%  and  XLP +0.34%    Lower =  9         
  0           sectors closing above 30d. SMA  and 11   closing below.   
                      
XLU leaders     :    NEE, CMS, PPL, WEC                 
XLP leaders     :    HRL, MKC, CPB, GIS                 
XLE leaders     :    0                  
                      
Uptrend  XLE                    
Sideways  XLC                    
Downtrend  XLU, XLP, XLF, XLV, XLB, XLK, XLI, XLY, XLRE                 
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led              683    to               2,222  and  Nasdaq   Weakened   as  Decliners led            1,181    to            3,057       
                      
                      
NDX Leaders:                        
13 closing higher  and  88 closing Lower                
MSFT : +3.07% ;  WBA : +1.40% ;  KHC : +1.17%            
                      
DJIA Leaders:                        
10 closing higher  and  20 closing Lower                
TRV : +4.31% ;  MSFT : +3.07% ;  WBA : +1.40%            
                      
SP500 Leaders:                        
128 closing higher  and  369 closing Lower                
WM : +6.10% ;  TRV : +4.31% ;  WAB : +4.12%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   20                   
MSFT, FANG, XEL, GILD, DLTR, TMUS, ROST, SGEN, NFLX, SBUX, PDD, CTAS, FAST, AMGN, EA, LULU, VRTX, CEG, PANW, CRWD            
                      
Stocks to watch on    Thursday                   
                      
 Nasdaq100  xsing above30   = 1                  
  DLTR                    
                      
 Nasdaq100  xsing below30  = 0                  
                      
                      
                      
MACD Crossover:                      
Up   1                   
MSFT                      
                      
Down   6                   
GILD, SGEN, BKR, ASML, ISRG, IDXX                    
                      

Monday, October 23, 2023

SPY MFC pointing down and bearish. Energy sector (XLE) daily crossed below 30ds SMA. Breath weakened.

 SPY Market Forecast   23.04 Bearish pointing down in the middle zone                 
   0.99   PCALL - 10 day SMA (0.75 - 1.00)               
                      
SPY INTERMEDIATE TERM:  Downtrend- Price below 30 &10 Wk SMA                  
  6-months DOWN                   
  10-days DOWN                   
  3-days DOWN                   
                      
Indices                      
UP:     QQQ +0.30% ;                  
Down:        SPY -0.17% ; DIA -0.56% ; IWM -0.85%          
                      
  TLT +1.20% at 84.24                 
  VIX -6.17% at 20.37                 
                      
                      
Sectors                      
  3 sectors closed higher led by  XLC +0.53%  and  XLY +0.12%    Lower =  8         
  1           sectors closing above 30d. SMA  and 10   closing below.   
                      
XLC leaders     :    OMC, IPG, META, NFLX                
XLY leaders     :    MGM, CCL, WYNN, NCLH                
XLK leaders     :    NVDA, SEDG, ORCL                 
                      
Uptrend  XLE                    
Sideways  XLC                    
Downtrend  XLY, XLK, XLP, XLI, XLV, XLF, XLU, XLRE, XLB                 
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led              892    to               1,979  and  Nasdaq   Weakened   as  Decliners led            1,415    to            2,879       
                      
                      
NDX Leaders:                        
45 closing higher  and  55 closing Lower                
NVDA : +3.84% ;  ABNB : +3.35% ;  WBA : +3.29%            
                      
DJIA Leaders:                        
10 closing higher  and  20 closing Lower                
WBA : +3.29% ;  AXP : +2.13% ;  WMT : +1.42%            
                      
SP500 Leaders:                        
131 closing higher  and  367 closing Lower                
MGM : +3.94% ;  NVDA : +3.84% ;  WBA : +3.29%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   26                   
AVGO, LULU, NFLX, VRTX, META, PANW, MSFT, PDD, SGEN, CDNS, GOOG, GOOGL, CRWD, ZS, SNPS, CEG, SBUX, SIRI, FAST, GILD, ADBE, EA, FANG, ROST, DLTR, AMGN        
                      
Stocks to watch on    Tuesday                   
                      
 Nasdaq100  xsing above30   = 2                  
  PANW, CDNS                   
                      
 Nasdaq100  xsing below30  = 1                  
  XEL                    
                      
                      
MACD Crossover:                      
Up   0                   
                      
                      
Down   5                   
MSFT, XEL, FAST, ADBE, EXC                     
                      

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)       ...