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                      
                      
                      

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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)       ...