Friday, December 08, 2023

All Indices closed higher led by IWM. SPY new 52Wks Highs and potentially heading 480. SPY Market Forecast is Bullish and Breath strengthen.

 SPY Market Forecast   94.9 Bullish pointing up in the upper zone                 
   0.78   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 +0.76% ; QQQ +0.45% ; SPY +0.43% ; DIA +0.36%          
Down:                         
                      
  TLT -0.82% at 94.54                 
  VIX -5.44% at 12.35                 
                      
                      
Sectors                      
  8 sectors closed higher led by  XLE +1.08%  and  XLK +0.85%    Lower =  3         
  10           sectors closing above 30d. SMA  and 1   closing below.   
                      
XLE leaders     :    PBR, PBR/A, LNG, CNQ                
XLK leaders     :    ANET, PLTR, TEAM                 
XLF leaders     :    COIN, ADYEY, MS, COF                
                      
Uptrend  XLK, XLF, XLC, XLY, XLI                   
Sideways  XLE, XLB, XLV, XLU, XLRE                   
Downtrend  XLP                    
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led           1,607    to               1,214  and  Nasdaq   Strengthened  as  Advancers led            2,466    to            1,894       
                      
                      
NDX Leaders:                        
53 closing higher  and  48 closing Lower                
WBD : +6.01% ;  LCID : +5.58% ;  LULU : +5.37%            
                      
DJIA Leaders:                        
17 closing higher  and  13 closing Lower                
BA : +3.11% ;  GS : +1.80% ;  CVX : +1.33%            
                      
SP500 Leaders:                        
302 closing higher  and  199 closing Lower                
PARA : +12.11% ;  WBD : +6.01% ;  LULU : +5.37%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   79                   
WBD, LCID, LULU, TTD, TEAM, AVGO, ALGN, NVDA, META, NXPI, MU, PANW, IDXX, ZM, MRVL, INTC, GILD, EA, BKNG, WBA, CRWD, MSFT, PYPL, AAPL, MAR, ABNB, TSLA, MRNA, AMD, INTU, ON, NFLX, WDAY, AMZN, SNPS, ROST, MCHP, SGEN, ADI, ADBE, ADSK, BIIB, TMUS, QCOM, COST, CTAS, FAST, CTSH, PCAR, CMCSA, CSGP, ADP, ISRG, TXN, AMAT, EBAY, ASML, ZS, PAYX, LRCX, AEP, MDLZ, KHC, KDP, AMGN, MELI, PDD, DDOG, XEL, REGN, KLAC
                      
Stocks to watch on    Monday                   
                      
 Nasdaq100  xsing above30   = 3                  
  TTD, MU, MRVL                   
                      
 Nasdaq100  xsing below30  = 4                  
  CDNS, EXC, PEP, SIRI                   
                      
                      
MACD Crossover:                      
Up   6                   
TEAM, FTNT, BKNG, AAPL, AMD, MCHP                    
                      
Down   5                   
ADP, AEP, PDD, XEL, HON                     
                      

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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)       ...