Thursday, December 28, 2023

Low volume trading day.

SPY Market Forecast   96.38 Bullish pointing up in the upper zone                 
   0.72   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:     DIA +0.12% ; SPY +0.04% ;               
Down:           QQQ -0.05% ; IWM -0.38%          
                      
  TLT -0.73% at 99.78                 
  VIX +0.32% at 12.47                 
                      
                      
Sectors                      
  8 sectors closed higher led by  XLU +0.71%  and  XLRE +0.62%    Lower =  3         
  10           sectors closing above 30d. SMA  and 1   closing below.   
                      
XLU leaders     :    NRG, EXC, D, VST                 
XLRE leaders     :    BEKE, BXP, MAA, CPT                 
XLF leaders     :    COIN, ADYEY, MS, COF                
                      
Uptrend  XLF, XLC, XLK, XLI, XLY                   
Sideways  XLU, XLRE, XLV, XLB, XLE                   
Downtrend  XLP                    
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led           1,344    to               1,482  and  Nasdaq   Weakened   as  Decliners led            2,030    to            2,260       
                      
                      
NDX Leaders:                        
53 closing higher  and  47 closing Lower                
JD : +2.74% ;  AMD : +1.84% ;  WBD : +1.74%            
                      
DJIA Leaders:                        
20 closing higher  and  10 closing Lower                
NKE : +1.58% ;  MMM : +0.87% ;  MRK : +0.73%            
                      
SP500 Leaders:                        
336 closing higher  and  166 closing Lower                
MTCH : +2.57% ;  AMD : +1.84% ;  WBD : +1.74%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   91                   
AMD, WBD, GILD, SIRI, WDAY, REGN, ANSS, KDP, AMGN, AEP, TMUS, PYPL, PDD, KHC, ROST, XEL, CSGP, BKNG, ADI, ROP, ADP, DXCM, ABNB, MSFT, CTSH, DLTR, VRTX, TTWO, CMCSA, TXN, ISRG, CSX, AAPL, CHTR, NVDA, MNST, META, CCEP, FTNT, QCOM, LULU, CSCO, HON, MDLZ, CDW, MRVL, PCAR, AMZN, PEP, SPLK, IDXX, AZN, ADSK, ON, GOOGL, GOOG, WBA, MAR, GEHC, INTU, ZS, DDOG, NFLX, ILMN, MDB, MCHP, AVGO, NXPI, CRWD, DASH, CDNS
                      
Stocks to watch on    Friday                   
                      
 Nasdaq100  xsing above30   = 1                  
  ADP                    
                      
 Nasdaq100  xsing below30  = 0                  
                      
                      
                      
MACD Crossover:                      
Up   5                   
REGN, SBUX, MSFT, VRSK, CPRT                    
                      
Down   8                   
BKNG, CSX, QCOM, AMZN, MAR, INTU, CDNS, ASML                   
                      

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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)       ...