Thursday, December 14, 2023

Put Call Ratio 10 ds SMA moving below 0.75. SPY Market Forecast at 98.96 and bullish. TLT up 2.27%. All sectors above 30ds SMA and Energy (XLE) crossing above 30SMA

 SPY Market Forecast   98.96 Bullish pointing up in the upper zone                 
   0.74   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 +2.78% ; DIA +0.43% ; SPY +0.32% ;            
Down:              QQQ -0.09%          
                      
  TLT +2.27% at 99.04                 
  VIX +2.38% at 12.48                 
                      
                      
Sectors                      
  7 sectors closed higher led by  XLE +2.94%  and  XLRE +2.77%    Lower =  4         
  11           sectors closing above 30d. SMA  and 0   closing below.   
                      
XLE leaders     :    SLB, HES, CVX, VLO                 
XLRE leaders     :    ZG, BXP, EXR, ARE                 
XLB leaders     :    GFI, FCX, SCCO, TECK                 
                      
Uptrend  XLY, XLI, XLF, XLC, XLK                   
Sideways  XLE, XLRE, XLB, XLV, XLU                   
Downtrend  XLP                    
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led           2,305    to                   587  and  Nasdaq   Strengthened  as  Advancers led            3,072    to            1,313       
                      
                      
NDX Leaders:                        
54 closing higher  and  45 closing Lower                
LCID : +14.48% ;  ENPH : +11.72% ;  ALGN : +11.09%            
                      
DJIA Leaders:                        
16 closing higher  and  14 closing Lower                
CAT : +6.42% ;  GS : +5.72% ;  CVX : +3.68%            
                      
SP500 Leaders:                        
328 closing higher  and  176 closing Lower                
SEDG : +16.60% ;  ENPH : +11.72% ;  ZBRA : +11.34%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   86                   
LCID, ENPH, ALGN, MRNA, ON, WBD, NXPI, TSLA, SIRI, LRCX, TXN, ADI, ILMN, MRVL, MCHP, TEAM, FTNT, AMAT, MU, DDOG, TTD, GFS, CSGP, ADSK, ASML, GEHC, CMCSA, WBA, KLAC, CTSH, QCOM, ABNB, CSX, EBAY, AVGO, INTC, ZM, MAR, AZN, DXCM, NVDA, BKNG, ZS, BIIB, VRTX, FAST, CRWD, PYPL, HON, AAPL, PDD, SGEN, REGN, AMD, AEP, META, DLTR, MELI, IDXX, ANSS, ISRG, AMZN, PAYX, EA, XEL, ADP, CPRT, INTU, GILD, TMUS, COST
                      
Stocks to watch on    Friday                   
                      
 Nasdaq100  xsing above30   = 0                  
                      
                      
 Nasdaq100  xsing below30  = 5                  
  MSFT, ORLY, VRSK, ADBE, EXC                  
                      
                      
MACD Crossover:                      
Up   9                   
ENPH, MRNA, TSLA, LRCX, BKR, FANG, CSGP, INTC, CHTR                   
                      
Down   5                   
ROST, WDAY, KDP, MDLZ, ADBE                    
                      

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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)       ...