Monday, January 29, 2024

All indices moved higher. SPY MFC intermediate is back to bullish. Sectors led by Consumer Disc (XLY) and Technology (XLK).

 SPY Market Forecast   95.8 Bullish pointing up in the upper zone                 
   0.8   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 +1.75% ; QQQ +1.02% ; SPY +0.79% ; DIA +0.58%          
Down:                         
                      
  TLT +1.15% at 94.86                 
  VIX +2.56% at 13.6                 
                      
                      
Sectors                      
  10 sectors closed higher led by  XLY +1.46%  and  XLK +0.92%    Lower =  1         
  7           sectors closing above 30d. SMA  and 4   closing below.   
                      
XLY leaders     :    RIVN, CCL, TSLA, DKNG                
XLK leaders     :    PLTR, CRWD, SNOW                 
XLC leaders     :    TTD, ROKU, SNAP, PINS                
                      
Uptrend  XLK, XLC, XLV, XLI, XLP, XLF                   
Sideways  XLY, XLRE, XLU, XLB, XLE                   
Downtrend                      
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led           2,050    to                   785  and  Nasdaq   Strengthened  as  Advancers led            3,061    to            1,314       
                      
FANGT Stocks                      
UP:     TSLA ; NVDA ; META ; MSFT ; AMZN ; NFLX ; GOOGL ;       
Down:                   AAPL      
                      
                      
NDX Leaders:                        
85 closing higher  and  16 closing Lower                
MDB : +6.29% ;  TTD : +5.15% ;  ILMN : +4.33%            
                      
DJIA Leaders:                        
21 closing higher  and  9 closing Lower                
CRM : +2.83% ;  DIS : +2.23% ;  V : +2.13%            
                      
SP500 Leaders:                        
368 closing higher  and  135 closing Lower                
ADM : +5.55% ;  CCL : +4.55% ;  ILMN : +4.33%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   73                   
MDB, TTD, ILMN, DDOG, CRWD, ZS, PYPL, TEAM, MRVL, MRNA, WDAY, ADBE, NVDA, SNPS, ABNB, DASH, INTU, META, ASML, ADI, REGN, ADSK, MSFT, CSGP, AMZN, VRTX, CDNS, CPRT, ISRG, ODFL, MU, ROP, AVGO, COST, CHTR, BKNG, AMAT, NFLX, GOOGL, ROST, PANW, LRCX, MDLZ, CTSH, ORLY, CTAS, GOOG, ADP, TMUS, CSX, AMGN, FTNT, TTWO, PAYX, AMD, FAST, CSCO, KHC, MAR, SPLK, PEP, VRSK, KLAC, CCEP, CEG, CDW, CMCSA, AAPL, PCAR, EA, QCOM
                      
Stocks to watch on    Tuesday                   
                      
 Nasdaq100  xsing above30   = 7                  
  MDB, TTD, CPRT, ODFL, CHTR, PAYX, PEP                 
                      
 Nasdaq100  xsing below30  = 0                  
                      
                      
                      
MACD Crossover:                      
Up   5                   
PYPL, TEAM, LULU, EXC, WBA                     
                      
Down   2                   
GFS, ISRG                      
                      

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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)       ...