Friday, December 01, 2023

                       
SPY Market Forecast   96.07 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 +2.92% ; DIA +0.85% ; SPY +0.59% ; QQQ +0.29%          
Down:                         
                      
  TLT +1.56% at 92.99                 
  VIX -2.24% at 12.63                 
                      
                      
Sectors                      
  11 sectors closed higher led by  XLRE +2.10%  and  XLI +1.58%    Lower =  0         
  10           sectors closing above 30d. SMA  and 1   closing below.   
                      
XLRE leaders     :    BXP, ARE, Z, ZG                 
XLI leaders     :    URI, ODFL, CP, NSC                 
XLY leaders     :    ULTA, RIVN, ABNB, CCL                
                      
Uptrend  XLE, XLK, XLC                   
Sideways  XLRE, XLI, XLY, XLB, XLF, XLP, XLV                  
Downtrend  XLU                    
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led           2,464    to                   421  and  Nasdaq   Strengthened  as  Advancers led            3,342    to            1,026       
                      
                      
NDX Leaders:                        
74 closing higher  and  27 closing Lower                
WBD : +8.42% ;  ILMN : +7.69% ;  ABNB : +6.87%            
                      
DJIA Leaders:                        
23 closing higher  and  7 closing Lower                
WBA : +4.26% ;  NKE : +3.26% ;  CRM : +3.22%            
                      
SP500 Leaders:                        
438 closing higher  and  66 closing Lower                
BXP : +11.15% ;  ULTA : +10.81% ;  PARA : +9.81%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   88                   
WBD, ILMN, ABNB, ENPH, LULU, ODFL, SIRI, ON, ZM, IDXX, PYPL, CSX, MAR, ALGN, ADSK, MRNA, CSGP, LCID, TEAM, DLTR, MELI, KDP, DDOG, EBAY, TXN, TTD, PAYX, PCAR, MCHP, FAST, ISRG, GEHC, GILD, ROST, ADP, ASML, AMAT, AEP, TMUS, KHC, BKNG, AMGN, XEL, DXCM, HON, CTAS, LRCX, WDAY, KLAC, NXPI, CMCSA, ANSS, AAPL, AMZN, CTSH, COST, VRSK, SNPS, INTU, QCOM, AVGO, PANW, AZN, ZS, ADBE, PEP, AMD, MNST, NVDA, GFS, ADI
                      
Stocks to watch on    Monday                   
                      
 Nasdaq100  xsing above30   = 8                  
  ILMN, ODFL, ON, TTD, GEHC, GILD, CMCSA, GFS                 
                      
 Nasdaq100  xsing below30  = 2                  
  GOOG, GOOGL                   
                      
                      
MACD Crossover:                      
Up   6                   
WBD, ABNB, MCHP, TMUS, COST, CSCO                    
                      
Down   4                   
CTSH, EA, SGEN, INTC                      
                      

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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)       ...