Friday, November 17, 2023

 SPY Market Forecast   96.98 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:     IWM +1.37% ; SPY +0.12% ; DIA +0.03% ; QQQ +0.02%          
Down:                         
                      
  TLT +0.47% at 90.04                 
  VIX -3.63% at 13.8                 
                      
                      
Sectors                      
  6 sectors closed higher led by  XLE +2.10%  and  XLY +0.67%    Lower =  5         
  10           sectors closing above 30d. SMA  and 1   closing below.   
                      
XLE leaders     :    SU, CNQ, PBR, EOG                 
XLY leaders     :    ROST, EXPE, LI, DKNG                 
XLI leaders     :    EMR, CAT, CPRT, SBGSY                
                      
Uptrend  XLC, XLK                   
Sideways  XLE, XLRE                   
Downtrend  XLY, XLI, XLF, XLU, XLB, XLP, XLV                  
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led           1,988    to                   841  and  Nasdaq   Strengthened  as  Advancers led            2,935    to            1,369       
                      
                      
NDX Leaders:                        
62 closing higher  and  39 closing Lower                
ROST : +7.22% ;  WBD : +3.78% ;  ENPH : +2.42%            
                      
DJIA Leaders:                        
15 closing higher  and  15 closing Lower                
WBA : +2.27% ;  AXP : +2.21% ;  CAT : +1.96%            
                      
SP500 Leaders:                        
332 closing higher  and  170 closing Lower                
ROST : +7.22% ;  EXPE : +5.05% ;  ALB : +3.91%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   76                   
ROST, WBD, AVGO, PDD, CPRT, TXN, ADI, MRVL, MCHP, AMZN, CTSH, GEHC, CRWD, MU, DLTR, ZM, ADSK, INTC, MAR, CSX, PAYX, ASML, ZS, ABNB, AMD, QCOM, CSGP, INTU, ODFL, LULU, PCAR, CDNS, ISRG, DDOG, TSLA, HON, META, SNPS, EA, BKNG, DXCM, TMUS, FAST, ADBE, NXPI, CEG, MDLZ, AEP, AAPL, LRCX, WDAY, KLAC, KDP, VRSK, GFS, NFLX, XEL, COST, ORLY, NVDA, KHC, PYPL, MNST, PEP, IDXX, ANSS, TEAM, SIRI, CTAS, GOOGL, GOOG
                      
Stocks to watch on    Monday                   
                      
 Nasdaq100  xsing above30   = 1                  
  WBD                    
                      
 Nasdaq100  xsing below30  = 0                  
                      
                      
                      
MACD Crossover:                      
Up   2                   
ROST, BIIB                      
                      
Down   3                   
DLTR, CEG, MNST                      
                      

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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)       ...