Friday, December 22, 2023

SPY bull flag triggered and MFC Market Forecast Intermediate line up and bullish. $PCALL ratio 10ds SMA at 0.71. Breath strengthened. Consumer Staples (XLP) and Basic Materials (XLB) sectores led the up move. IWM let the move up with +0.93%

Monday, December 25 market is closed

PY Market Forecast   92.94 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 SIDEWAYS                   
                      
Indices                      
UP:     IWM +0.93% ; SPY +0.20% ; QQQ +0.15% ;            
Down:              DIA -0.02%          
                      
  TLT -0.46% at 98.475                 
  VIX -4.54% at 13.03                 
                      
                      
Sectors                      
  10 sectors closed higher led by  XLP +0.76%  and  XLB +0.62%    Lower =  1         
  10           sectors closing above 30d. SMA  and 1   closing below.   
                      
XLP leaders     :    DLTR, DG, BUD, WMT                 
XLB leaders     :    ALB, SCCO, DD, SUZ                 
XLV leaders     :    MRNA, VEEV, BMY                 
                      
Uptrend  XLI, XLF, XLK, XLC, XLY                   
Sideways  XLB, XLV, XLRE, XLU, XLE                   
Downtrend  XLP                    
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led           1,890    to                   929  and  Nasdaq   Strengthened  as  Advancers led            2,798    to            1,514       
                      
                      
NDX Leaders:                        
63 closing higher  and  36 closing Lower                
ANSS : +18.08% ;  MRNA : +4.09% ;  INTC : +1.95%            
                      
DJIA Leaders:                        
22 closing higher  and  8 closing Lower                
INTC : +1.95% ;  AMGN : +1.73% ;  MRK : +1.23%            
                      
SP500 Leaders:                        
372 closing higher  and  127 closing Lower                
ANSS : +18.08% ;  MRNA : +4.09% ;  ALB : +3.19%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   89                   
ANSS, MRNA, INTC, AMGN, DLTR, BIIB, CTSH, FTNT, MU, VRTX, MNST, KHC, CCEP, MDLZ, TTWO, COST, KDP, GILD, ODFL, CTAS, GFS, XEL, TXN, ISRG, CSCO, GOOGL, QCOM, CDW, GOOG, WBA, PCAR, REGN, GEHC, TMUS, INTU, CSX, ROP, CSGP, BKNG, ON, AEP, ADI, AMAT, ROST, LRCX, FAST, KLAC, ADSK, MAR, MCHP, HON, MSFT, IDXX, BKR, SPLK, ZS, CDNS, FANG, DDOG, MRVL, AZN, DASH, CMCSA, WDAY, NXPI, EA, ILMN, SIRI, META, LULU, AMD
                      
Stocks to watch on    Tuesday                   
                      
 Nasdaq100  xsing above30   = 1                  
  MDLZ                    
                      
 Nasdaq100  xsing below30  = 1                  
  SNPS                    
                      
                      
MACD Crossover:                      
Up   2                   
MNST, CCEP                      
                      
Down   3                   
CTSH, ZS, AMD                      
                      

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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)       ...