SPY Market Forecast 30.91 Bearish
pointing down in the middle zone
0.99 PCALL - 10 day SMA (0.75 - 1.00)
SPY INTERMEDIATE TERM: Sideways- Price in between 30 &10 Wk SMA
6-months DOWN
10-days DOWN
3-days DOWN
Indices
UP:
Down:
DIA -0.82% ; SPY -1.23% ; IWM -1.29% ; QQQ -1.49%
TLT +0.57% at 83.24
VIX +1.45% at 21.71
Sectors
0 sectors closed higher led by XLP -0.39% and XLV
-0.40% Lower = 11
1 sectors closing above 30d. SMA and
10 closing below.
XLP leaders : PM, WBA, CL, KDP
XLV leaders : ABMD,
PKI, MRK
XLRE leaders : SBAC, VNO, AMT, ARE
Uptrend XLE
Sideways XLC
Downtrend XLP, XLV, XLRE, XLI, XLU, XLB, XLF, XLY, XLK
Breath:
NYSE Weakened as Decliners
led 787 to 2,063 and Nasdaq Weakened
as Decliners
led 1,363 to 2,915
NDX Leaders:
8 closing higher and 92 closing Lower
WBA : +1.43% ; ORLY : +0.97% ; CSX : +0.72%
DJIA Leaders:
5 closing higher and 25 closing Lower
MRK : +2.23% ; WBA : +1.43% ; JNJ : +0.45%
SP500 Leaders:
68 closing higher and 429 closing Lower
CHRW : +2.42% ; MRK : +2.23% ; PM : +2.02%
NASDAQ 100
Nasdaq Above 30MA = 25
SGEN, LULU, NFLX, SBUX, ROST, EA,
AMGN, VRTX, GILD, PDD, META, MSFT, FANG, GOOGL, FAST, XEL, GOOG, AVGO, CEG,
SIRI, DLTR, ADBE, SNPS, CRWD, ZS
Stocks to watch on Monday
Nasdaq100 xsing above30 = 0
Nasdaq100 xsing below30 = 9
CTAS, EXC, ADP, PAYX, BKR, COST, QCOM,
CDNS, PANW
MACD Crossover:
Up 1
KDP
Down 20
ORLY, CMCSA, EA, AMGN, CSCO, VRTX,
CTAS, ASML, AVGO, ADP, PAYX, CEG, SIRI, COST, QCOM, FTNT, AMZN, CRWD, PANW, ZS
0.99 PCALL - 10 day SMA (0.75 - 1.00)
SPY INTERMEDIATE TERM: Sideways- Price in between 30 &10 Wk SMA
Indices
TLT +0.57% at 83.24
Sectors
XLP leaders : PM, WBA, CL, KDP
Uptrend XLE
Breath:
NDX Leaders:
DJIA Leaders:
SP500 Leaders:
NASDAQ 100
Nasdaq Above 30MA = 25
Stocks to watch on Monday
Nasdaq100 xsing above30 = 0
Nasdaq100 xsing below30 = 9
MACD Crossover:
Down 20
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