Tuesday, November 21, 2023

 SPY Market Forecast   97.16 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:                         
Down:     DIA -0.20% ; SPY -0.22% ; QQQ -0.58% ; IWM -1.29%          
                      
  TLT -0.04% at 90.55                 
  VIX -0.45% at 13.35                 
                      
                      
Sectors                      
  4 sectors closed higher led by  XLV +0.60%  and  XLB +0.39%    Lower =  7         
  10           sectors closing above 30d. SMA  and 1   closing below.   
                      
XLV leaders     :    A, MDT, DHR                 
XLB leaders     :    GFI, CRH, GOLD, WPM                
XLP leaders     :    CLX, RBGLY, CHD, CL                 
                      
Uptrend  XLE, XLC, XLK                   
Sideways  XLV, XLB, XLP, XLF, XLI, XLY, XLRE                  
Downtrend  XLU                    
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led              957    to               1,900  and  Nasdaq   Weakened   as  Decliners led            1,310    to            2,989       
                      
                      
NDX Leaders:                        
38 closing higher  and  62 closing Lower                
TSLA : +2.38% ;  EBAY : +2.38% ;  PANW : +1.33%            
                      
DJIA Leaders:                        
11 closing higher  and  19 closing Lower                
TRV : +1.72% ;  VZ : +1.42% ;  KO : +1.10%            
                      
SP500 Leaders:                        
230 closing higher  and  274 closing Lower                
A : +8.72% ;  KLG : +5.61% ;  WAT : +5.26%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   81                   
EBAY, TSLA, PANW, AEP, KHC, IDXX, ROST, MELI, PEP, ODFL, CTSH, COST, CRWD, CSX, GOOGL, ORLY, GOOG, EA, CTAS, LULU, KDP, DLTR, CSGP, VRSK, CEG, ISRG, DDOG, MAR, NFLX, MDLZ, TMUS, GEHC, CDNS, DXCM, MNST, XEL, ZM, WDAY, ENPH, SNPS, ADP, ADBE, HON, ZS, PAYX, FAST, CPRT, BKNG, INTU, AAPL, PCAR, TEAM, SBUX, CMCSA, META, NVDA, ADSK, ANSS, MSFT, PDD, KLAC, TXN, ADI, ASML, NXPI, AVGO, WBD, AMZN, LRCX, JD, QCOM
                      
Stocks to watch on    Wednesday                   
                      
 Nasdaq100  xsing above30   = 1                  
  EBAY                    
                      
 Nasdaq100  xsing below30  = 0                  
                      
                      
                      
MACD Crossover:                      
Up   1                   
ILMN                      
                      
Down   3                   
XEL, MSFT, AMZN                      
                      

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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)       ...