Monday, January 22, 2024

All indices closed higher led by IWM, crossing above 30ds SMA. Sectors led by Industrials (XLI) and Financials (XLF); Consumer Staples (XLP) crossed below 30ds SMA. Breath strengthened. Market Forecast is bullish,

 SPY Market Forecast   88.81 Bullish pointing up in the upper zone                 
   0.83   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 +2.14% ; DIA +0.39% ; SPY +0.21% ; QQQ +0.13%          
Down:                         
                      
  TLT +0.60% at 94.65                 
  VIX -0.83% at 13.19                 
                      
                      
Sectors                      
  8 sectors closed higher led by  XLI +0.77%  and  XLF +0.47%    Lower =  3         
  5           sectors closing above 30d. SMA  and 6   closing below.   
                      
XLI leaders     :    ODFL, NSC, CMI, FDX                 
XLF leaders     :    COIN, ADYEY, MS, COF                
XLRE leaders     :    DLR, CBRE, Z, ZG                 
                      
Uptrend  XLI, XLF, XLRE, XLK, XLV, XLB, XLC, XLY, XLP                 
Sideways  XLE, XLU                   
Downtrend                      
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led           2,151    to                   676  and  Nasdaq   Strengthened  as  Advancers led            2,984    to            1,314       
                      
FANGT Stocks                      
UP:     AAPL ; NFLX ; NVDA ;               
Down:           GOOGL ; AMZN ; META ; MSFT ; TSLA      
                      
                      
NDX Leaders:                        
69 closing higher  and  30 closing Lower                
SNPS : +4.72% ;  ZS : +4.13% ;  TTD : +3.80%            
                      
DJIA Leaders:                        
22 closing higher  and  8 closing Lower                
WBA : +2.55% ;  DIS : +2.17% ;  UNH : +1.87%            
                      
SP500 Leaders:                        
363 closing higher  and  138 closing Lower                
VFC : +4.96% ;  ALB : +4.88% ;  SNPS : +4.72%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   74                   
SNPS, ZS, ODFL, MDB, FTNT, CRWD, CEG, PANW, ILMN, DDOG, MU, MELI, KLAC, CPRT, MAR, DXCM, ABNB, MCHP, VRSK, INTU, ADI, CDNS, AAPL, ANSS, VRTX, ASML, TEAM, REGN, AZN, LRCX, ADSK, PCAR, FAST, TTWO, AVGO, AMGN, ORLY, TXN, CMCSA, QCOM, CSCO, CSX, PAYX, NFLX, CTSH, ADP, ROST, CTAS, MDLZ, NVDA, ISRG, ROP, AMAT, CDW, INTC, SPLK, MRNA, SIRI, WDAY, GOOG, GOOGL, COST, AMZN, META, TMUS, MSFT, CCEP, GFS, ADBE, MRVL, DASH
                      
Stocks to watch on    Tuesday                   
                      
 Nasdaq100  xsing above30   = 5                  
  SNPS, ODFL, CEG, AZN, CMCSA                  
                      
 Nasdaq100  xsing below30  = 3                  
  EA, MNST, GILD                   
                      
                      
MACD Crossover:                      
Up   11                   
TTD, ODFL, CEG, CSGP, REGN, PCAR, CMCSA, CHTR, ROST, CTAS, GFS                  
                      
Down   2                   
BKNG, GILD                      
                      

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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)       ...