Friday, November 03, 2023

SPY continuation above 30ds SMA, breaking 431 resistance level. MFC continues showing strength and pointing up in the middle zone. All indices finished up led by IWM. Sectors led by Real Estate (XLRE) and Basic Materials (XLB). Breath Strengthened.

 SPY Market Forecast   48.82 Bullish pointing up in the middle zone                 
   0.94   PCALL - 10 day SMA (0.75 - 1.00)               
                      
SPY INTERMEDIATE TERM:  Uptrend- Price above 30 &10 Wk SMA                 
  6-months SIDEWAYS                   
  10-days UP                   
  3-days UP                   
                      
Indices                      
UP:     IWM +2.72% ; QQQ +1.17% ; SPY +0.91% ; DIA +0.66%          
Down:                         
                      
  TLT +0.68% at 87.63                 
  VIX -4.79% at 14.91                 
                      
                      
Sectors                      
  10 sectors closed higher led by  XLRE +2.36%  and  XLB +1.57%    Lower =  1         
  9           sectors closing above 30d. SMA  and 2   closing below.   
                      
XLRE leaders     :    JLL, Z, CBRE, ZG                 
XLB leaders     :    GFI, BALL, IFF, CE                 
XLC leaders     :    ROKU, SE, WBD, TCEHY                
                      
Uptrend  XLC, XLK                   
Sideways  XLRE, XLE                   
Downtrend  XLB, XLY, XLF, XLI, XLU, XLV, XLP                  
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led           2,410    to                   485  and  Nasdaq   Strengthened  as  Advancers led            3,403    to               955       
                      
                      
NDX Leaders:                        
84 closing higher  and  17 closing Lower                
MRNA : +8.84% ;  SIRI : +6.45% ;  WBD : +6.23%            
                      
DJIA Leaders:                        
22 closing higher  and  8 closing Lower                
GS : +4.42% ;  WBA : +2.84% ;  DIS : +2.14%            
                      
SP500 Leaders:                        
416 closing higher  and  86 closing Lower                
EXPE : +18.84% ;  PODD : +15.76% ;  PARA : +15.44%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   58                   
SIRI, WBD, MNST, MELI, PDD, CSGP, TTD, AMD, DXCM, NVDA, GEHC, ZS, MU, CRWD, PCAR, WBA, SBUX, WDAY, ROST, IDXX, KLAC, CDNS, DLTR, SNPS, PYPL, QCOM, NFLX, ASML, LRCX, CPRT, CTAS, HON, AVGO, MSFT, MDLZ, META, INTC, LULU, EA, AMAT, ADBE, KDP, TMUS, AEP, ORLY, GILD, AMZN, SGEN, PEP, XEL, VRTX, FAST, CEG, EXC, AAPL, FANG, KHC, BKR
                      
Stocks to watch on    Monday                   
                      
 Nasdaq100  xsing above30   = 10                  
  PDD, CSGP, TTD, ZS, PCAR, WBA, WDAY, IDXX, PYPL, COST                
                      
 Nasdaq100  xsing below30  = 2                  
  REGN, PANW                   
                      
                      
MACD Crossover:                      
Up   14                   
EBAY, MCHP, BIIB, MAR, CRWD, WBA, ADSK, NXPI, CHTR, AVGO, LULU, EA, VRSK, INTU                
                      
Down   1                   
FTNT                      
                      
                      

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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)       ...