Wednesday, December 13, 2023

 SPY Market Forecast   98.54 Bullish pointing up in the upper zone                 
   0.76   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 +3.39% ; DIA +1.45% ; SPY +1.38% ; QQQ +1.27%          
Down:                         
                      
  TLT +2.35% at 96.84                 
  VIX +0.99% at 12.19                 
                      
                      
Sectors                      
  11 sectors closed higher led by  XLU +3.78%  and  XLRE +3.63%    Lower =  0         
  10           sectors closing above 30d. SMA  and 1   closing below.   
                      
XLU leaders     :    AES, AGR, NEE, BIP                 
XLRE leaders     :    ZG, Z, BXP, ARE                 
XLV leaders     :    VRTX, TMO, EW                 
                      
Uptrend  XLF, XLY, XLI, XLC, XLK                   
Sideways  XLU, XLRE, XLV, XLE, XLB                   
Downtrend  XLP                    
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led           2,572    to                   317  and  Nasdaq   Strengthened  as  Advancers led            3,344    to            1,079       
                      
                      
NDX Leaders:                        
92 closing higher  and  9 closing Lower                
VRTX : +13.23% ;  ENPH : +7.80% ;  ILMN : +7.68%            
                      
DJIA Leaders:                        
27 closing higher  and  3 closing Lower                
WBA : +7.41% ;  HD : +3.06% ;  DOW : +2.97%            
                      
SP500 Leaders:                        
460 closing higher  and  44 closing Lower                
VRTX : +13.23% ;  RVTY : +10.31% ;  ZION : +9.68%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   91                   
VRTX, ENPH, ILMN, WBA, TEAM, LCID, ALGN, WBD, MRVL, PYPL, AEP, EXC, TTD, NFLX, XEL, ON, ADSK, AZN, GEHC, ABNB, GILD, AMGN, DLTR, PANW, INTU, DXCM, BIIB, ISRG, GFS, TXN, SIRI, CMCSA, IDXX, DDOG, ZS, PEP, MU, EBAY, ASML, COST, CTAS, KDP, KLAC, ROST, AAPL, VRSK, AVGO, CTSH, QCOM, EA, REGN, CRWD, CSGP, MNST, PAYX, INTC, MDLZ, ORLY, KHC, ADP, CPRT, NXPI, TSLA, AMZN, NVDA, CDNS, HON, MRNA, MCHP, WDAY, ADI
                      
Stocks to watch on    Thursday                   
                      
 Nasdaq100  xsing above30   = 2                  
  VRTX, LCID                   
                      
 Nasdaq100  xsing below30  = 0                  
                      
                      
                      
MACD Crossover:                      
Up   21                   
MRVL, PYPL, AEP, XEL, AZN, ISRG, PEP, EBAY, CTAS, KDP, KLAC, ROST, AAPL, CTSH, EA, MNST, MDLZ, NVDA, CDNS, ANSS, META            
                      
Down   1                   
MRNA                      
                      

No comments:

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)       ...