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                      
                      

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