Monday, November 13, 2023

 SPY Market Forecast   94.47 Bullish pointing up in the upper zone                 
   0.93   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:     DIA +0.16% ; IWM +0.04% ;               
Down:           SPY -0.10% ; QQQ -0.31%          
                      
  TLT -0.23% at 87.79                 
  VIX +4.16% at 14.76                 
                      
                      
Sectors                      
  5 sectors closed higher led by  XLE +0.72%  and  XLV +0.58%    Lower =  6         
  9           sectors closing above 30d. SMA  and 2   closing below.   
                      
XLE leaders     :    PBR/A, PBR, BP, SU                 
XLV leaders     :    DXCM, BSX, SYK                 
XLY leaders     :    LI, RIVN, TSLA, TCOM                 
                      
Uptrend  XLC, XLK                   
Sideways  XLE, XLRE                   
Downtrend  XLV, XLY, XLP, XLI, XLB, XLF, XLU                  
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led           1,398    to               1,454  and  Nasdaq   Strengthened  as  Decliners led            2,205    to            2,157       
                      
                      
NDX Leaders:                        
38 closing higher  and  63 closing Lower                
DXCM : +4.57% ;  LCID : +4.47% ;  TSLA : +4.22%            
                      
DJIA Leaders:                        
15 closing higher  and  15 closing Lower                
BA : +4.01% ;  DIS : +1.33% ;  MRK : +1.07%            
                      
SP500 Leaders:                        
196 closing higher  and  307 closing Lower                
DVA : +6.49% ;  PODD : +5.55% ;  HSIC : +5.35%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   60                   
DXCM, CRWD, ISRG, ZS, BKNG, VRTX, KHC, KDP, ORLY, CDNS, SIRI, IDXX, PANW, LULU, SNPS, GEHC, INTU, NVDA, DDOG, CTAS, PEP, MNST, MELI, MDLZ, VRSK, COST, PDD, META, MAR, CEG, EA, HON, ANSS, ADSK, TMUS, QCOM, PCAR, NFLX, FAST, AMAT, AMZN, MU, SBUX, ROST, CPRT, MSFT, AAPL, ADI, ASML, AVGO, KLAC, ADBE, MCHP, CSGP, AMD, DLTR, WDAY, INTC, LRCX, MRVL
                      
Stocks to watch on    Tuesday                   
                      
 Nasdaq100  xsing above30   = 0                  
                      
                      
 Nasdaq100  xsing below30  = 6                  
  CTSH, CSX, PAYX, XEL, EXC, AEP                  
                      
                      
MACD Crossover:                      
Up   2                   
LCID, VRTX                      
                      
Down   3                   
REGN, DLTR, AEP                      
                      

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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)       ...