Friday, October 20, 2023

Down down. SPY MACD, Stochastics, and Market Forecast intermediate line all bearish. Lower Highs and Lower Lows breaking Diagonal support.

 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            
                      

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)       ...