Tuesday, December 12, 2023

Up-up-up.

 SPY Market Forecast   97.18 Bullish pointing up in the upper zone                 
   0.77   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:     QQQ +0.80% ; DIA +0.47% ; SPY +0.46% ;            
Down:              IWM -0.10%          
                      
  TLT +0.30% at 94.62                 
  VIX -4.43% at 12.07                 
                      
                      
Sectors                      
  8 sectors closed higher led by  XLF +0.72%  and  XLK +0.66%    Lower =  3         
  10           sectors closing above 30d. SMA  and 1   closing below.   
                      
XLF leaders     :    COIN, ADYEY, MS, COF                
XLK leaders     :    AVGO, FTNT, AMD                 
XLB leaders     :    LIN, ALB, SHW, APD                 
                      
Uptrend  XLF, XLK, XLI, XLC, XLY                   
Sideways  XLB, XLV, XLRE, XLU, XLE                   
Downtrend  XLP                    
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led           1,298    to               1,516  and  Nasdaq   Weakened   as  Decliners led            1,933    to            2,439       
                      
                      
NDX Leaders:                        
68 closing higher  and  32 closing Lower                
SIRI : +5.58% ;  AVGO : +4.18% ;  SGEN : +3.29%            
                      
DJIA Leaders:                        
21 closing higher  and  9 closing Lower                
CRM : +1.73% ;  AXP : +1.57% ;  V : +1.19%            
                      
SP500 Leaders:                        
301 closing higher  and  201 closing Lower                
INCY : +8.45% ;  LIN : +4.53% ;  ALK : +4.36%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   89                   
SIRI, AVGO, SGEN, PDD, META, FTNT, ZS, AMD, NVDA, ANSS, CDNS, SNPS, PANW, REGN, GFS, TEAM, ISRG, BKNG, IDXX, ADP, ASML, ADBE, AMAT, VRSK, KHC, GEHC, INTU, EA, BIIB, AMZN, PAYX, DXCM, CSGP, TMUS, MNST, GILD, COST, CTAS, FAST, MSFT, ADSK, AAPL, AZN, ORLY, CPRT, MDLZ, AMGN, NFLX, CRWD, HON, CTSH, MU, ADI, QCOM, PEP, MCHP, KLAC, WDAY, DLTR, LULU, MAR, MELI, ROST, CSX, CMCSA, ILMN, DDOG, EXC, PYPL, KDP, WBA
                      
Stocks to watch on    Wednesday                   
                      
 Nasdaq100  xsing above30   = 4                  
  META, NVDA, AZN, ORLY                   
                      
 Nasdaq100  xsing below30  = 3                  
  GOOGL, GOOG, LCID                   
                      
                      
MACD Crossover:                      
Up   11                   
ZS, SNPS, GFS, ASML, ADBE, AMAT, VRSK, GEHC, INTU, HON, MU                  
                      
Down   2                   
XEL, EBAY                      
                      
                      

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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)       ...