Wednesday, November 15, 2023

 SPY Market Forecast   95.76 Bullish pointing up in the upper zone                 
   0.87   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 +0.53% ; SPY +0.21% ; IWM +0.17% ; QQQ +0.08%          
Down:                         
                      
  TLT -1.40% at 88.52                 
  VIX +0.14% at 14.18                 
                      
                      
Sectors                      
  9 sectors closed higher led by  XLP +0.80%  and  XLF +0.55%    Lower =  2         
  10           sectors closing above 30d. SMA  and 1   closing below.   
                      
XLP leaders     :    TGT, EL, SYY, WBA                 
XLF leaders     :    TFC, USB, PYPL, FI                 
XLC leaders     :    SE, TCEHY, ROKU, DIS                 
                      
Uptrend  XLC, XLK                   
Sideways  XLRE, XLE                   
Downtrend  XLP, XLF, XLB, XLI, XLY, XLV, XLU                  
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led           1,583    to               1,271  and  Nasdaq   Strengthened  as  Advancers led            2,447    to            1,837       
                      
                      
NDX Leaders:                        
58 closing higher  and  43 closing Lower                
JD : +7.04% ;  SIRI : +6.13% ;  PDD : +3.08%            
                      
DJIA Leaders:                        
22 closing higher  and  8 closing Lower                
DIS : +3.14% ;  INTC : +3.04% ;  WBA : +2.18%            
                      
SP500 Leaders:                        
306 closing higher  and  198 closing Lower                
TGT : +17.75% ;  VFC : +14.13% ;  CTLT : +11.34%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   80                   
JD, SIRI, PDD, INTC, NXPI, NFLX, PYPL, TSLA, ADI, DLTR, ZM, CTSH, MCHP, IDXX, ABNB, TXN, QCOM, WBD, AMGN, COST, MELI, AMAT, PAYX, GOOGL, DXCM, GOOG, GFS, TEAM, ISRG, LULU, LRCX, SBUX, DDOG, ASML, AAPL, AVGO, MRVL, ANSS, CSCO, EXC, TMUS, CTAS, KDP, INTU, KLAC, EA, MU, KHC, VRSK, MDLZ, MSFT, PCAR, XEL, HON, CSX, WDAY, MNST, PEP, ODFL, ADSK, CSGP, MAR, ROST, CPRT, GEHC, ORLY, META, AEP, ZS, FAST, ADBE
                      
Stocks to watch on    Thursday                   
                      
 Nasdaq100  xsing above30   = 2                  
  JD, AMGN                   
                      
 Nasdaq100  xsing below30  = 2                  
  BKR, VRTX                   
                      
                      
MACD Crossover:                      
Up   3                   
WBA, WBD, FTNT                      
                      
Down   1                   
TMUS                      
                      

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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)       ...