Tuesday, December 26, 2023

Another up day! All indices moved higher led by IWM +1.3%. All sectors closed higher led by Energy (XLE) and Real Estate (XLRE). Breath strengthened.

 SPY Market Forecast   93.37 Bullish pointing up in the upper zone                 
   0.71   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 +1.30% ; QQQ +0.61% ; DIA +0.41% ; SPY +0.42%          
Down:                         
                      
  TLT +0.29% at 98.76                 
  VIX -0.23% at 13                 
                      
                      
Sectors                      
  11 sectors closed higher led by  XLE +0.86%  and  XLRE +0.73%    Lower =  0         
  11           sectors closing above 30d. SMA  and 0   closing below.   
                      
XLE leaders     :    CNQ, PBR/A, PBR, SU                 
XLRE leaders     :    EXR, HST, BXP, O                 
XLI leaders     :    CAT, URI, MMM, FDX                 
                      
Uptrend  XLI, XLK, XLY, XLF, XLC                   
Sideways  XLE, XLRE, XLU, XLB, XLV                   
Downtrend  XLP                    
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led           2,079    to                   738  and  Nasdaq   Strengthened  as  Advancers led            3,032    to            1,346       
                      
                      
NDX Leaders:                        
87 closing higher  and  13 closing Lower                
INTC : +5.21% ;  GFS : +2.73% ;  AMD : +2.73%            
                      
DJIA Leaders:                        
21 closing higher  and  9 closing Lower                
INTC : +5.21% ;  CAT : +1.81% ;  MMM : +1.67%            
                      
SP500 Leaders:                        
417 closing higher  and  87 closing Lower                
INTC : +5.21% ;  APA : +3.70% ;  MPWR : +3.14%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   91                   
INTC, GFS, AMD, MRNA, DLTR, MDB, WBD, LRCX, BKR, TEAM, ON, FANG, TSLA, TXN, KLAC, MRVL, WBA, MNST, AMAT, QCOM, ASML, ZS, NXPI, MCHP, CTAS, HON, PYPL, DXCM, BIIB, ADSK, CDW, CSX, NVDA, NFLX, ADI, FTNT, AVGO, CRWD, BKNG, PANW, DDOG, ANSS, ODFL, GEHC, TMUS, PEP, MDLZ, ADP, KDP, MU, VRTX, SIRI, WDAY, PDD, ILMN, COST, AEP, CTSH, ROST, META, KHC, CSCO, MAR, GILD, IDXX, CCEP, ISRG, REGN, AZN, XEL, PCAR
                      
Stocks to watch on    Wednesday                   
                      
 Nasdaq100  xsing above30   = 0                  
                      
                      
 Nasdaq100  xsing below30  = 0                  
                      
                      
                      
MACD Crossover:                      
Up   3                   
AMD, HON, KDP                      
                      
Down   3                   
PYPL, TTD, CMCSA                      
                      

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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)       ...