Wednesday, November 22, 2023

SPY Market Forecast is still bullish. Breath strengthened for NYSE and Nasdaq. All indices closed higher with small gains, led by IWM.

 SPY Market Forecast   97.39 Bullish pointing up in the upper zone                 
   0.83   PCALL - 10 day SMA (0.75 - 1.00)               
                      
SPY INTERMEDIATE TERM:  Uptrend- Price above 30 &10 Wk SMA                 
  6-months UP                   
  10-days UP                   
  3-days UP                   
                      
Indices                      
UP:     IWM +0.63% ; DIA +0.50% ; QQQ +0.41% ; SPY +0.39%          
Down:                         
                      
  TLT +0.35% at 90.87                 
  VIX -4.12% at 12.8                 
                      
                      
Sectors                      
  10 sectors closed higher led by  XLC +0.82%  and  XLP +0.72%    Lower =  1         
  10           sectors closing above 30d. SMA  and 1   closing below.   
                      
XLC leaders     :    BIDU, RBLX, WMG, NWSA                
XLP leaders     :    CELH, EL, STZ, KR                 
XLV leaders     :    ELV, BMY, HCA                 
                      
Uptrend  XLC, XLK, XLE                   
Sideways  XLP, XLV, XLF, XLY, XLRE, XLI, XLB                  
Downtrend  XLU                    
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led           1,807    to               1,013  and  Nasdaq   Strengthened  as  Advancers led            2,721    to            1,607       
                      
                      
NDX Leaders:                        
72 closing higher  and  29 closing Lower                
EBAY : +3.09% ;  AMD : +2.81% ;  MELI : +1.97%            
                      
DJIA Leaders:                        
23 closing higher  and  7 closing Lower                
MMM : +1.47% ;  NKE : +1.29% ;  MSFT : +1.28%            
                      
SP500 Leaders:                        
390 closing higher  and  114 closing Lower                
EBAY : +3.09% ;  HPQ : +2.83% ;  AMD : +2.81%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   79                   
EBAY, AMD, MELI, AMZN, ENPH, ABNB, PYPL, DXCM, KDP, KHC, MRVL, ADBE, LRCX, META, MAR, MSFT, ISRG, GOOGL, SIRI, GOOG, CSX, CTSH, PEP, JD, COST, ORLY, ADI, MNST, WBD, MDLZ, XEL, GFS, CSGP, NFLX, KLAC, CEG, HON, MU, PAYX, CPRT, QCOM, INTU, AAPL, TXN, CRWD, GEHC, CTAS, FAST, AEP, TMUS, ROST, DDOG, AMAT, IDXX, SNPS, VRSK, PDD, INTC, ASML, EA, CDNS, ADP, MCHP, PCAR, SBUX, ODFL, CMCSA, PANW, ANSS, ZS, LULU
                      
Stocks to watch on    Friday                   
                      
 Nasdaq100  xsing above30   = 0                  
                      
                      
 Nasdaq100  xsing below30  = 2                  
  TEAM, ADSK                   
                      
                      
MACD Crossover:                      
Up   0                   
                      
                      
Down   4                   
SIRI, QCOM, AMAT, ADSK                     
                      

Tuesday, November 21, 2023

 SPY Market Forecast   97.16 Bullish pointing up in the upper zone                 
   0.86   PCALL - 10 day SMA (0.75 - 1.00)               
                      
SPY INTERMEDIATE TERM:  Uptrend- Price above 30 &10 Wk SMA                 
  6-months UP                   
  10-days UP                   
  3-days UP                   
                      
Indices                      
UP:                         
Down:     DIA -0.20% ; SPY -0.22% ; QQQ -0.58% ; IWM -1.29%          
                      
  TLT -0.04% at 90.55                 
  VIX -0.45% at 13.35                 
                      
                      
Sectors                      
  4 sectors closed higher led by  XLV +0.60%  and  XLB +0.39%    Lower =  7         
  10           sectors closing above 30d. SMA  and 1   closing below.   
                      
XLV leaders     :    A, MDT, DHR                 
XLB leaders     :    GFI, CRH, GOLD, WPM                
XLP leaders     :    CLX, RBGLY, CHD, CL                 
                      
Uptrend  XLE, XLC, XLK                   
Sideways  XLV, XLB, XLP, XLF, XLI, XLY, XLRE                  
Downtrend  XLU                    
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led              957    to               1,900  and  Nasdaq   Weakened   as  Decliners led            1,310    to            2,989       
                      
                      
NDX Leaders:                        
38 closing higher  and  62 closing Lower                
TSLA : +2.38% ;  EBAY : +2.38% ;  PANW : +1.33%            
                      
DJIA Leaders:                        
11 closing higher  and  19 closing Lower                
TRV : +1.72% ;  VZ : +1.42% ;  KO : +1.10%            
                      
SP500 Leaders:                        
230 closing higher  and  274 closing Lower                
A : +8.72% ;  KLG : +5.61% ;  WAT : +5.26%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   81                   
EBAY, TSLA, PANW, AEP, KHC, IDXX, ROST, MELI, PEP, ODFL, CTSH, COST, CRWD, CSX, GOOGL, ORLY, GOOG, EA, CTAS, LULU, KDP, DLTR, CSGP, VRSK, CEG, ISRG, DDOG, MAR, NFLX, MDLZ, TMUS, GEHC, CDNS, DXCM, MNST, XEL, ZM, WDAY, ENPH, SNPS, ADP, ADBE, HON, ZS, PAYX, FAST, CPRT, BKNG, INTU, AAPL, PCAR, TEAM, SBUX, CMCSA, META, NVDA, ADSK, ANSS, MSFT, PDD, KLAC, TXN, ADI, ASML, NXPI, AVGO, WBD, AMZN, LRCX, JD, QCOM
                      
Stocks to watch on    Wednesday                   
                      
 Nasdaq100  xsing above30   = 1                  
  EBAY                    
                      
 Nasdaq100  xsing below30  = 0                  
                      
                      
                      
MACD Crossover:                      
Up   1                   
ILMN                      
                      
Down   3                   
XEL, MSFT, AMZN                      
                      

Monday, November 20, 2023

                       
SPY Market Forecast   97.32 Bullish pointing up in the upper zone                 
   0.86   PCALL - 10 day SMA (0.75 - 1.00)               
                      
SPY INTERMEDIATE TERM:  Uptrend- Price above 30 &10 Wk SMA                 
  6-months UP                   
  10-days UP                   
  3-days UP                   
                      
Indices                      
UP:     QQQ +1.22% ; SPY +0.77% ; DIA +0.60% ; IWM +0.58%          
Down:                         
                      
  TLT +0.61% at 90.59                 
  VIX -2.83% at 13.41                 
                      
                      
Sectors                      
  9 sectors closed higher led by  XLK +1.45%  and  XLC +1.13%    Lower =  2         
  10           sectors closing above 30d. SMA  and 1   closing below.   
                      
XLK leaders     :    PANW, PLTR, SNOW                 
XLC leaders     :    TCEHY, BIDU, SE, FWONK                
XLRE leaders     :    BEKE, COLD, IRM, LAMR                
                      
Uptrend  XLK, XLC, XLE                   
Sideways  XLRE, XLV, XLY, XLF, XLI, XLB, XLP                  
Downtrend  XLU                    
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led           1,778    to               1,067  and  Nasdaq   Strengthened  as  Advancers led            2,649    to            1,640       
                      
                      
NDX Leaders:                        
90 closing higher  and  10 closing Lower                
ENPH : +6.07% ;  PANW : +5.24% ;  ALGN : +4.16%            
                      
DJIA Leaders:                        
21 closing higher  and  9 closing Lower                
BA : +4.65% ;  INTC : +2.12% ;  MSFT : +2.05%            
                      
SP500 Leaders:                        
344 closing higher  and  157 closing Lower                
ENPH : +6.07% ;  PARA : +5.61% ;  PANW : +5.24%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   80                   
ENPH, PANW, DXCM, GFS, JD, PDD, ZM, LRCX, AMAT, KLAC, ZS, MELI, WDAY, NVDA, INTC, MSFT, DDOG, ABNB, IDXX, ISRG, AVGO, NFLX, ADBE, META, LULU, MRVL, MCHP, CSX, MU, EA, SNPS, CPRT, CMCSA, ASML, NXPI, SIRI, ADSK, PAYX, ORLY, ADP, ANSS, AAPL, VRSK, PYPL, INTU, AMD, CDNS, BKNG, GOOG, GOOGL, AMZN, COST, TEAM, TXN, ODFL, MAR, TSLA, TMUS, PCAR, CTAS, DLTR, CEG, ROST, GEHC, ADI, MDLZ, CTSH, KHC, CSGP, CRWD, HON
                      
Stocks to watch on    Tuesday                   
                      
 Nasdaq100  xsing above30   = 4                  
  ENPH, PANW, CMCSA, ADP                   
                      
 Nasdaq100  xsing below30  = 0                  
                      
                      
                      
MACD Crossover:                      
Up   1                   
REGN                      
                      
Down   3                   
AMGN, PEP, SBUX                      
                      
                      

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)       ...