Tuesday, January 30, 2024

Negative reaction in AMD and GOOGL to earnings in the aftermarket. SPY Market Forecast turned to defensive. TLT up and Sectors were led by Financials (XLF) and Energy (XLE). Crude Oil in a bull flag.

 SPY Market Forecast   95.46 Defensive pointing down in the upper zone                 
   0.78   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:     DIA +0.31% ;                  
Down:        SPY -0.08% ; QQQ -0.67% ; IWM -0.85%          
                      
  TLT +0.91% at 95.72                 
  VIX -2.13% at 13.31                 
                      
                      
Sectors                      
  6 sectors closed higher led by  XLF +1.26%  and  XLE +1.03%    Lower =  5         
  7           sectors closing above 30d. SMA  and 4   closing below.   
                      
XLF leaders     :    COIN, ADYEY, MS, COF                
XLE leaders     :    MPC, VLO, SU, PSX                 
XLP leaders     :    SYY, USFD, HSY, CPB                 
                      
Uptrend  XLF, XLP, XLV, XLI, XLC, XLK                   
Sideways  XLE, XLB, XLU, XLY, XLRE                   
Downtrend                      
                      
                      
Breath:                      
NYSE Weakened  as  Decliners led           1,356    to               1,460  and  Nasdaq   Weakened   as  Decliners led            1,575    to            2,736       
                      
FANGT Stocks                      
UP:     NVDA ; TSLA ;                 
Down:         META ; MSFT ; GOOGL ; AMZN ; AAPL ; NFLX      
                      
                      
NDX Leaders:                        
39 closing higher  and  62 closing Lower                
VRTX : +2.35% ;  HON : +1.40% ;  FANG : +1.34%            
                      
DJIA Leaders:                        
20 closing higher  and  10 closing Lower                
JPM : +2.05% ;  GS : +1.66% ;  AXP : +1.64%            
                      
SP500 Leaders:                        
272 closing higher  and  232 closing Lower                
MSCI : +9.31% ;  GM : +7.80% ;  SYY : +7.52%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   72                   
VRTX, HON, FANG, CMCSA, CTAS, ORLY, ROP, COST, PEP, PAYX, MDLZ, FAST, CSX, CEG, TEAM, VRSK, SNPS, CPRT, PCAR, CCEP, NVDA, CDW, MAR, REGN, FTNT, AMGN, ADP, ILMN, SBUX, CRWD, PANW, KHC, CDNS, BKNG, CSCO, PYPL, SPLK, META, MSFT, ADSK, ROST, ODFL, CTSH, ADBE, ISRG, WDAY, TTWO, EA, KLAC, AVGO, INTU, TMUS, MDB, GOOG, LRCX, CSGP, ADI, AMAT, GOOGL, AMZN, DDOG, ZS, ASML, MRVL, ABNB, NFLX, MRNA, MELI, QCOM, AMD, MU
                      
Stocks to watch on    Wednesday                   
                      
 Nasdaq100  xsing above30   = 2                  
  HON, SBUX                   
                      
 Nasdaq100  xsing below30  = 3                  
  CHTR, AAPL, TTD                   
                      
                      
MACD Crossover:                      
Up   2                   
CTAS, XEL                      
                      
Down   5                   
PANW, KLAC, MCHP, QCOM, MU                    
                      

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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)       ...